Overview
- Q4 2025 revenue rose to $33.7 billion with net profit around NT$506 billion, as gross and operating margins hit 62.3% and 54%, respectively.
- Guidance calls for $52–$56 billion of capital spending in 2026, a step-up focused largely on advanced nodes, with gross margin targeted up to about 65%.
- TSMC projected Q1 2026 revenue of $34.6–$35.8 billion and said advanced nodes (3nm, 5nm, 7nm) made up 77% of wafer revenue in the latest quarter.
- Executives said wafer price increases will continue and detailed a fast 2nm ramp in 2026, with about 30% of 2nm output expected in the U.S.
- Shares of chipmakers and equipment suppliers rallied on the results and spending plans, while outside reports suggested Nvidia may have surpassed Apple as TSMC’s largest customer during parts of 2025.