Taiwan Semiconductor Manufacturing Co. reported a record 77.4% increase in second-quarter net income. Quarterly revenue reached $40.2 billion. This figure represents a 33.7% year-over-year increase. Advanced 2-nanometer and 3-nanometer technologies comprised the bulk of sales.
The company raised its 2026 revenue growth forecast to over 40%. This target increased from a previous projection of 30%. Capital expenditure for the year is now projected between $60 billion and $64 billion. The prior spending range was $52 billion to $56 billion.
U.S.-listed shares declined as investors weighed the impact of heavy spending on future margins.