TSMC Earnings Call

15 Oct 2026 06:10
  • Expects 2026 revenue to increase around 44% in US dollar terms, raised from slightly above 40%
  • Demand remains far above supply, with no signs of a slowdown
  • Expects continued strong demand in Q
  • Sees very robust demand for leading-edge technologies
  • Demand for agentic AI CPUs is increasing
  • Plans to add new N3 fab in Tainan
  • A14 volume production to start in 2028
  • Too early to share Capex guidance beyond this year
  • Tool price inflation is real
  • Some backend capacity shortages
  • Assessing Texas expansion
  • US government has been very helpful
  • Prudent in business planning going into 2027
  • Does not allow customers to sublet capacity
  • Any fab collaboration would have to be run by TSMC