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TSMC Sets Record Profit, Guides ~30% Growth for 2026, Accelerates U.S. Fabs With $52–$56 Billion Capex

Executives cite a multi‑year AI boom as the driver of sustained investment, with rising wafer prices.

Overview

  • Fourth-quarter 2025 net profit reached NT$505.7 billion ($16 billion) and revenue topped NT$1 trillion, beating estimates with a 62.3% gross margin.
  • TSMC forecast roughly 30% revenue growth in 2026 and guided Q1 sales to $34–$35.8 billion, paired with capital spending of $52–$56 billion for the year.
  • The company purchased an additional 900 acres in Arizona, applied for permits for a fourth fab and its first advanced packaging plant, and outlined plans for a gigafab cluster.
  • Arizona operations have achieved yields comparable to Taiwan, including N4P production of Nvidia GPUs, with the second Arizona fab targeting volume output in the second half of 2027.
  • Management is rolling out multi‑year price increases through 2029 and noted a new U.S.–Taiwan trade framework that caps tariffs at 15% and includes large bilateral investment commitments.