Added to YB: 2026-04-21
Pitch date: 2026-04-17
TSM [neutral]
Taiwan Semiconductor Manufacturing Company Limited
-0.25%
current return
Author Info
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Company Info
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally.
Market Cap
TWD 52.6T
Pitch Price
TWD 2.0K
Price Target
N/A
Dividend
1.08%
EV/EBITDA
17.55
P/E
27.58
EV/Sales
12.26
Sector
Semiconductors and Semiconductor Equipment
Category
growth
TSMC Q1 2026
TSM (earnings): Q1 rev $35.9B (+41% YoY), gross margin 66.2% (up 390bps QoQ, beat by 120bps). HPC 61% of rev (+20% QoQ), offsetting smartphone -11%. Agentic AI driving token explosion & compute demand. N3 at 25% wafer rev, margins crossing corporate avg H2 2026. Raised 2026 rev guide to >30% growth, CapEx to high end of $52-56B range on robust AI demand. N2 ramping, A14 on track for 2028. Q2 guide $39-40B rev, 65.5-67.5% gross margin. Risk: geopolitical (China) ceiling on multiple.
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