Taiwan Semiconductor Manufacturing (TSM) will report its first-quarter earnings on April 16. The company has already announced revenue of $35.71 billion for the quarter, a 35% year-over-year increase that exceeded market expectations. TSM stock rose 2.2% following the update. Analysts anticipate strong earnings per share and robust demand driven by the artificial intelligence sector, with global semiconductor spending projected to reach $1.3 trillion in 2026.
Taiwan Semiconductor Manufacturing (TSM) will report its Q1 earnings on April 16. The company has already reported strong first-quarter revenue of approximately $35.71 billion, a 35% year-over-year increase that beat market expectations.
The positive revenue report fueled TSM stock, which climbed 2.2% on Friday. Market research firm Gartner stated worldwide semiconductor spending will reach $1.3 trillion in 2026, marking the largest growth in two decades.
TSMC supplies advanced semiconductors to top tech giants, including Apple (AAPL) and Nvidia (NVDA). Over the past 12 months, TSM stock has surged more than 140%, driven by demand in AI data centers and high-performance computing.
Analysts expect TSMC to earn $3.27 per U.S. share in Q1, up 53% year over year. Wedbush Securities analyst Matt Bryson said in a client note, “TSMC’s results generally fit our conversations, suggesting demand for advanced-node foundry production remains extremely healthy due to continued robust AI requirements.”
Out of 51 analysts covering TSM stock on Wall Street, 98% rate it a buy. The median forecast for the stock over the next few months is $437.50, implying a 17% climb from current prices.
The most bullish 1-year high forecast suggests TSMC could reach as high as $550.00. This would imply potential gains of over 45% from its recent trading level.
