According to Liberty Times Net and UDN Money, TSMC (台積電) reported June revenue of NT$442.68 billion (+6.2% MoM, +67.9% YoY), lifting Q2 revenue to a record NT$1.27 trillion and pushing H1 revenue past NT$2 trillion for the first time, with foreign brokers raising target prices ahead of the July 16 earnings call.
What was TSMC's June revenue?
TSMC (台積電) announced on July 13 that its June consolidated revenue reached NT$442.68 billion (4426.8億元), up 6.2% month-on-month and 67.9% year-on-year, according to Liberty Times Net 1. UDN Money confirmed the same figure — NT$4,426.8 billion (sic, NT$442.68 billion) — and noted this marked the second consecutive month of record monthly revenue for the company 8.
How did Q2 perform versus guidance?
TSMC's Q2 consolidated revenue came in at NT$1.2703.81 trillion (1兆2703.81億元), rising 12.01% quarter-on-quarter and 36% year-on-year, per Liberty Times Net 2. UDN Money's tally showed a nearly identical result of NT$1.27 trillion, with quarter-on-quarter growth of 12.02% and year-on-year growth of 36.05% 11 — the minor discrepancy between the two outlets' percentage figures reflects rounding rather than a difference in reported totals.
This result cleared the company's own guidance. TSMC had previously guided Q2 revenue to a range of US$39.0–40.2 billion, which — using an assumed USD/TWD rate of 31.7 — translated to an expected NT$1.2363–1.2743 trillion, according to Liberty Times Net 4. The actual NT$1.27 trillion result landed near the top of that guided range.
Liberty Times Net reported H1 cumulative revenue of NT$2.404484 trillion (2兆4044.84億元), up 35.6% year-on-year 3. UDN Money described this as the first time TSMC's first-half revenue has surpassed the NT$2 trillion mark, reaching NT$2.4 trillion and setting a same-period high 9.
What are foreign brokers saying ahead of the earnings call?
TSMC is scheduled to hold its earnings call on Thursday, July 16. Ahead of that event, foreign institutions have been raising target prices, with the highest reaching NT$3,800, according to Liberty Times Net 6. Some foreign brokers also expect TSMC to raise its full-year capital expenditure guidance, with the highest projection reaching US$58.0 billion 7.
UDN Money separately reported that institutional investors expect TSMC to revise its full-year outlook upward for the second time at this earnings call, raising the projected full-year USD revenue growth rate to a range of 34% to 36%, with the most optimistic scenario approaching nearly 40% growth 12.
What operational changes are worth watching?
According to Liberty Times Net, multiple IC design companies have reported receiving notices from TSMC about a price increase for mature-node processes, set to take effect in January of next year. The report states this would be TSMC's first mature-node price hike in more than three years 5.
How is the stock trading?
UDN Money reported that TSMC shares closed at NT$2,440, up NT$25, even as foreign investors recorded a net sell of 2,045 lots on the day. The report also noted that TSMC's ADR fell about 1% in Monday morning trading 10.
What this means
The figures from Liberty Times Net and UDN Money are largely consistent: both confirm June revenue of NT$442.68 billion and Q2 revenue near NT$1.27 trillion, with only minor rounding differences in the reported percentage changes (E1, E2, E8, E11). The Q2 result landing at the upper end of TSMC's own US$39.0–40.2 billion guidance 4, combined with foreign brokers' target-price increases up to NT$3,800 and capex expectations up to US$58.0 billion (E6, E7), sits alongside a same-day stock move where shares rose NT$25 even as foreign investors net-sold 2,045 lots and the ADR dipped about 1% 10 — a juxtaposition that shows near-term revenue records have not been mirrored by uniform foreign fund flows. Separately, the reported mature-node price increase taking effect next January 5 and the institutional expectation that TSMC could raise full-year USD revenue growth guidance to 34%–36% 12 both point to the same earnings call on July 16 as the next scheduled point where TSMC itself is expected to address these figures.
TSMC (台積電) announced on July 13 that its June consolidated revenue reached NT$442.68 billion (4426.8億元), up 6.2% month-on-month and 67.
How did Q2 perform versus guidance?
TSMC's Q2 consolidated revenue came in at NT$1.2703.81 trillion (1兆2703.81億元), rising 12.01% quarter-on-quarter and 36% year-on-year, per Liberty Times Net.
Did H1 cumulative revenue break NT$2 trillion?
Liberty Times Net reported H1 cumulative revenue of NT$2.404484 trillion (2兆4044.84億元), up 35.6% year-on-year.
What are foreign brokers saying ahead of the earnings call?
TSMC is scheduled to hold its earnings call on Thursday, July 16.
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