TSMC (台積電) reported Q2 gross margin of 67.7%, up 1.5 percentage points quarter-over-quarter and 9.1 percentage points year-over-year, according to LTN [E1]. Cnyes reported the same 67.7% figure, describing it as a level that "not only exceeded the company's own guidance but also set a new historical record," attributing the result to "advanced process and advanced packaging capacity running at full load, plus a recovery in mature processes" [E9]. Operating margin reached 60.3%, up 2.3 percentage points sequentially and 10.7 percentage points annually [E2], with Cnyes confirming this figure as likewise a record that beat guidance [E9].
LTN reported Q2 net income (稅後盈餘) of NT$706.56 billion, up 23.4% quarter-over-quarter and 77.4% year-over-year, translating into EPS of NT$27.25 [E3][E4]. Cnyes corroborated this with net income of "approximately NT$706.56 billion" and the identical EPS of NT$27.25 [E10]. LTN additionally noted that first-half EPS reached NT$49.32 [E4].
Cnyes reported Q2 revenue of US$40.2 billion, up 12% quarter-over-quarter and 33.7% year-over-year, equivalent to NT$1,270.38 billion [E11]. LTN's figure for the same NT$1,270.38 billion revenue showed a slightly different year-over-year growth rate of 36%, alongside the 12% sequential gain [E1][E3]. On the profit side, net income growth of 23.4% quarter-over-quarter and 77.4% year-over-year, as reported by LTN, outpaced the revenue growth rate over the same period [E3].
| Metric | H1 2026 | YoY Change |
|---|---|---|
| Revenue | NT$2,404.484 billion (US$76.099 billion) | +35.6% |
| Gross margin | 67% | +8.3pp |
| Operating margin | 59.3% | +10.2pp |
| Net income | NT$1,279.042 billion | +68.3% |
| Net margin | 53.2% | +10.3pp |
| EPS | NT$49.32 (ADR US$7.81) | — |
LTN reported first-half combined revenue of NT$2,404.484 billion, up 35.6% year-over-year, with gross margin of 67% (up 8.3 percentage points) and operating margin of 59.3% (up 10.2 percentage points) [E5]. Net income for the half reached NT$1,279.042 billion, up 68.3% year-over-year, with EPS of NT$49.32 [E6]. Cnyes separately reported the same US$76.099 billion first-half revenue figure translating to the identical NT$2,404,484 million, also up 35.6% [E13], and confirmed net income of NT$1,279.042 billion with net margin of 53.2% (up 10.3 percentage points) and EPS equivalent to US$7.81 per ADR unit [E14].
Cnyes reported Q2 net margin (純益率) of 55.6%, up 5.1 percentage points quarter-over-quarter and 12.9 percentage points year-over-year. The report also converted the NT$27.25 EPS into US$4.31 per American Depositary Receipt (ADR) unit [E12].
| Process Node | Revenue Share |
|---|---|
| 2nm | 3% |
| 3nm | 30% |
| 5nm | 33% |
| 7nm | 11% |
| Advanced (7nm and beyond) | 77% |
LTN reported that 2nm accounted for 3% of Q2 wafer revenue, 3nm for 30%, 5nm for 33%, and 7nm for 11%, with advanced technologies (7nm and more advanced) combining for 77% of total revenue [E8]. Cnyes reported an identical breakdown — 2nm at 3%, 3nm at 30%, 5nm at approximately 33%, and 7nm at approximately 11% — with advanced processes reaching 77% of the quarter's total wafer sales revenue [E15].
LTN reported that High-Performance Computing (HPC) revenue accounted for 66% of Q2 revenue, with HPC revenue up 20% quarter-over-quarter, making it "the segment with the strongest growth momentum" for the quarter [E7].
Taken together, the reported figures show gross margin (67.7%), operating margin (60.3%), and net margin (55.6%) all rising both sequentially and annually in Q2, consistent with the first-half trend of margin expansion (gross margin 67%, operating margin 59.3%, net margin 53.2%) reported by LTN and Cnyes [E1][E2][E5][E9][E12][E14]. The 77% advanced-process revenue share [E8][E15] and the 66% HPC revenue concentration with 20% sequential growth [E7] point to the same underlying business mix cited by Cnyes as the driver behind margins beating guidance [E9]. One point of divergence between the two sources is the Q2 year-over-year revenue growth rate — LTN cited 36% while Cnyes cited 33.7% — for what both reported as the same NT$1,270.38 billion revenue figure [E1][E11].
TSMC (台積電) reported Q2 gross margin of 67.7%, up 1.5 percentage points quarter-over-quarter and 9.1 percentage points year-over-year, according to LTN [E1].
LTN reported Q2 net income (稅後盈餘) of NT$706.56 billion, up 23.4% quarter-over-quarter and 77.4% year-over-year, translating into EPS of NT$27.25 [E3][E4].
Cnyes reported Q2 revenue of US$40.2 billion, up 12% quarter-over-quarter and 33.7% year-over-year, equivalent to NT$1,270.38 billion [E11].
LTN reported first-half combined revenue of NT$2,404.484 billion, up 35.6% year-over-year, with gross margin of 67% (up 8.
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