TSMC Beats Forecasts To Post Record Quarterly Profit Of $13.5-B

Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s leading producer of advanced AI chips, posted a record second-quarter profit with forecast-beating growth of 60%, citing surging demand for artificial intelligence, Reuters reported via Wen-Yee Lee, Faith Hung, and Ben Blanchard.

TSMC's major customers include Apple and Nvidia. I Photo: TSMC

The company said net profit for April–June rose to T$398.3 billion ($13.5 billion), marking its fifth straight quarter of double-digit growth. That figure exceeded the T$377.9 billion consensus estimate compiled by LSEG from 20 analysts.

TSMC projected third-quarter revenue of $31.8 to $33 billion, up from $23.5 billion in the same quarter last year and $30 billion in the second quarter.

However, the company struck a cautious tone about the outlook for the rest of the year, citing risks from U.S. tariffs and currency fluctuations.

The strengthening Taiwan dollar poses a key challenge. Despite a surge of about 80% in TSMC’s Taiwan-listed shares last year, gains for 2025 have slowed to around 5%, reflecting investor concern over trade and foreign exchange volatility.

TSMC, whose major customers include Apple and Nvidia, announced in March a $100 billion U.S. investment alongside President Trump, in addition to the $65 billion already pledged for three chip plants in Arizona.

One of those plants is already operational.