Taiwan Semiconductor Manufacturing Co. reported record revenue last quarter as price increases on its advanced chips began to take effect.
Revenue for the quarter ending in March was up 35% year-over-year to NT$1.13 trillion (US$35.6 billion), above LSEG consensus estimates of $1.13 trillion.
This is at the upper end of the company’s guidance range for the quarter, which had projected revenue of US$34.6-35.8 billion.
In March alone, TSMC’s revenue was $415.19 billion (US$13.1 billion), increasing 30.7% from February.
The surge in revenue comes as TSMC reportedly raised prices on its advanced chips. It has told clients that it will hike prices for these chips from 2026 through 2029, Taiwanese outlet United Daily News reported in December.
TSMC (TPE: 2330) shares are up 26.2% in 2026 to date. “This outperformance shows investors are becoming increasingly confident in Taiwan Semiconductor’s long-term story, even in a volatile market shaped by trade conflicts and geopolitical risks,” wrote Zacks analyst Anirudha Bhagat.
The company’s full first-quarter earnings will be released on 16 April. Analysts expect earnings per share of US$3.29, rising from $2.12 year-over-year, per Zacks.
TSMC’s Taiwan-listed shares closed 2.3% higher at NT$2,000.00, and its United States-listed shares rose 1.4% to US$270.60. Its market capitalisation is $1.92 trillion.
