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TSMC July Revenue Rose 44.7% Year on Year

TSMC reported July consolidated revenue of NT$467,580 million, up 44.7% year on year, while revenue for the first seven months rose 37.0%.

By All We Need Editorial System

TSMC reported July 2026 consolidated revenue of NT$467,580 million, up 44.7% year on year, with first-seven-month revenue up 37.0%. The unaudited monthly operating data extend the company's strength after second-quarter revenue reached the top of guidance, offering a fresh high-frequency signal on AI-linked advanced-process demand entering the third quarter.

July revenue sustained rapid growth

TSMC's monthly revenue table reports July consolidated revenue of NT$467,580 million, above NT$323,166 million in July 2025 and equal to 44.7% year-on-year growth. Revenue for the first seven months of 2026 totaled NT$2,872,064 million, up 37.0%. TSMC notes that monthly figures are unaudited, but they offer a direct operating measure of order realization between quarterly results rather than a market inference about demand.

The high-frequency reading follows Q2 guidance

TSMC reported second-quarter revenue of US$40.2 billion, at the top of its prior US$39.0 billion to US$40.2 billion guidance range, with gross margin of 67.7% and operating margin of 60.3%. Its third-quarter revenue guidance is US$44.6 billion to US$45.8 billion. July growth cannot determine the final quarterly result on its own, but it forms a consistent operating sequence with the company's higher third-quarter range and does not indicate an immediate demand slowdown at the quarter transition.

Demand strength and capital efficiency remain separate questions

S&P Global, citing Visible Alpha, reported that analysts lifted third-quarter revenue consensus to US$45.4 billion and full-year expectations to US$171.6 billion after the second quarter. At the same time, TSMC raised capital-expenditure guidance to US$60 billion to US$64 billion, and analysts lowered free-cash-flow expectations as 2nm revenue came in below consensus. July therefore strengthens the demand reading without automatically resolving constraints on capital intensity and cash generation.

What to watch next

The next observable evidence will be TSMC's August and September monthly revenue and whether actual third-quarter revenue lands within its US$44.6 billion to US$45.8 billion guidance range. Investors can also track whether the company maintains US$60 billion to US$64 billion of capex, whether 2nm revenue improves, and whether gross margin stays within the guided 65% to 67% range. Those results will show whether rapid revenue growth is converting into durable profitability and cash flow.

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