Taiwan Semiconductor Manufacturing Co. (TSMC) posted revenue of NT$1.134 trillion for the first quarter, marking a 35% increase compared to the same period last year and setting a new company record. The results surpassed expectations, with robust demand for artificial intelligence (AI) chips fueling ongoing growth and underpinning the company’s position as the world’s leading contract chipmaker.
The quarterly figure outpaced the previous high of NT$1.05 trillion achieved in the fourth quarter of 2025. Analysts surveyed by LSEG had projected revenue of NT$1.125 trillion, while TSMC’s own guidance for the quarter was NT$1.13 trillion.
TSMC calculates its quarterly revenue by aggregating monthly sales, as it does not provide formal quarterly earnings until scheduled reporting dates. In March, the company recorded NT$415.19 billion in revenue, its strongest-ever monthly result. That total reflected a 45.2% year-over-year increase from March 2025 and a 30.7% gain versus February. The previous monthly record, NT$401.26 billion, was set just two months earlier, illustrating the rapid acceleration in sales momentum.
Key clients such as Nvidia have contributed to TSMC’s performance, as growth in AI applications continues to offset softer demand from areas such as consumer electronics. Recent trends indicate that as the AI industry shifts focus from model training to inference, major cloud providers are signing longer-term contracts for chips tailored to inference needs. This change has provided TSMC with improved business visibility for future quarters.
TSMC is scheduled to release full first-quarter earnings and updated guidance for both the current quarter and the full year on April 16.
