CMBI Report: TSMC Demonstrates Robust Financial Results Last Year, Retains Outperform Rating

Written by Emily J. Thompson, Senior Investment Analyst

Source: aastocks

Updated: 2d ago

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Source: aastocks

Strong Financial Performance: TSMC reported a revenue of USD122 billion in 2025, a 35.9% increase year-over-year, with a gross profit margin (GPM) of 59.9%.
Positive Outlook for 2026: The company anticipates 1Q26 revenue between USD34.6 billion and USD35.8 billion, with a GPM of 63-65%, and has raised its revenue growth forecast for 2026 to around 30%.
Increased Capital Expenditure: TSMC has raised its capital expenditure for the year to between USD52 billion and USD56 billion to meet customer demand for AI and enhance its advanced manufacturing capabilities.
Impact on AI Supply Chain: These developments are seen as beneficial for the AI supply chain, particularly for semiconductor equipment manufacturers, leading to an Outperform rating on TSMC's stock.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.