TSMC Guides Q3 Revenue Up to $45.8 Billion, Adds $100 Billion Arizona 2nm Bet
Updated
Updated · 24/7 Wall St. · Aug 20
TSMC Guides Q3 Revenue Up to $45.8 Billion, Adds $100 Billion Arizona 2nm Bet
1 articles · Updated · 24/7 Wall St. · Aug 20
Summary
$44.6 billion to $45.8 billion is TSMC’s Q3 revenue forecast, issued alongside a new $100 billion Arizona investment to expand 2nm-and-below capacity for AI-driven demand.
Q2 revenue hit $40.2 billion, EPS reached $4.31 versus $3.89 expected, and gross margin widened to 67.7%, giving management room to lift 2026 revenue growth guidance to slightly above 40% in U.S. dollar terms.
HPC now contributes 66% of revenue after a 20% sequential rise, while management said agentic AI is also reviving CPU demand in data centers alongside accelerator orders.
Capex was raised to $60 billion-$64 billion, with TSMC arguing Arizona capacity can ease geopolitical concerns over Taiwan even as inventory days rose to 87 during the 2nm ramp.