TSMC Shares Drop Although Its Q1 Profit Jumps 58% to Record, Beats Expectations

TigerApr 16, 2026 11:14 AM

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TSMC posted a ‌58% jump in first-quarter net profit on Thursday, beating market forecasts and hitting a record, ⁠as it benefits from huge appetite globally for its artificial intelligence processors.

The company saw January-March ‌net ⁠profit rise to T$572.5 billion ($18.2 billion).

The profit handily beat a T$543.3 billion LSEG ⁠SmartEstimate, which is weighted toward forecasts from analysts who ⁠are more consistently accurate.

TSMC also raised its revenue outlook for 2026, an upbeat forecast that underscores the resilience of AI chip demand despite concerns about the economic fallout from the Middle Eastern conflict.

While TSMC shares dropped 2.7% in premarket trading.

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