TSMC Q2 revenue jumps 36% from a year earlier, beating market expectations

NVIDIA Corporation
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR

NVIDIA Corporation

NVDA

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Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR

TSM

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- TSMC, the world's largest contract chipmaker, reported on Monday second-quarter revenue of 1.27 trillion Taiwan dollars ($39.63 billion), beating market expectations and rising 36% from a year earlier on surging interest in artificial intelligence applications.

An LSEG SmartEstimate, drawn from 20 analysts, had expected revenue in the April-to-June quarter of 1.264 trillion Taiwan dollars.

Taiwan Semiconductor Manufacturing Co (TSMC) 2330.TW, TSM.N is a major supplier to companies including Nvidia NVDA.O and Apple AAPL.O.



($1 = 32.0490 Taiwan dollars)