2330 Taiwan Semiconductor (TSMC) reported a 44% year-over-year increase in Q2 revenue, reaching $30.1 billion, with net profit surging 61% to $12.8 billion, surpassing expectations due to improved margins. High-Performance Computing (HPC), including AI accelerators, contributed 60% of total revenue up from 52% last year. Advanced process nodes (3nm, 5nm, and 7nm) accounted for 74% of wafer revenue, with 3nm alone climbing to 24%, fueled by strong demand from Apple, NVIDIA, and AMD.
The company raised its full-year 2025 revenue growth forecast from around 25% to roughly 30%, pointing to strong AI trends and expanded CoWoS (advanced packaging) capacity. While Q3 revenue is projected to hit $32.4 billion, Q4 is expected to dip slightly an uncommon pattern that has sparked speculation about early ordering due to potential tariffs, despite management downplaying this. TSMC is moving forward with its $38–42 billion capital expenditure plan, fast-tracking its Arizona facility in response to geopolitical risks. While customer demand appears stable, the company remains watchful of policy shifts and currency fluctuations.