TSMC (TSM/2330 TT) Q1 2026 (TWD) Net Income 572.5bln (exp. 542.38bln), Revenue 1.13tln (prev. 839.3bln Y/Y), Op. Profit 659bln (prev. 407.1bln Y/Y)
Importance
Level 1
Other Metrics:
- Op. Margin 58.1% (prev. 48.5% Y/Y, prev. guided 54-56%).
- Gross Margin 66.2% (exp. 64.5%, prev. 58.8% Y/Y, prev. guided 63-65%).
- Capex 11.1bln (prev. 11.5bln Q/Q).
- Advanced Nodes account for 74% of Q1 wafer sales.
Revenue breakdown:
- Q1 Revenue from smartphones -11% Q/Q.
- Q1 Revenue from high performance computing +20% Q/Q.
- From a geographic perspective, revenue from customers based in North America accounted for 76% of total net revenue in 1Q26, while revenue from Asia Pacific, China, Japan, and EMEA (Europe, Middle East, and Africa) accounted for 9%, 7%, 4%, and 4% of total net revenue respectively.