TSMC May Revenue Climbs 30.1% to NT$417 B; WFE Forecast Raised to US$209 B
TSM•TSMC posted May revenue of NT$416.98 billion, up 30.1% year-on-year and 1.5% from April, lifting five-month revenue to NT$1.96 trillion (+30.0%). Barclays raised its 2027 wafer-fab equipment market forecast to US$209.5 billion from US$159 billion, highlighting TSMC’s sustained leading-edge investment.
1. Strong May Sales Performance
TSMC reported May revenue of NT$416.98 billion, marking a 30.1% increase year-on-year and a 1.5% rise month-on-month. Cumulative revenue for January through May reached NT$1.96 trillion, up 30.0% from last year, driven by robust demand for advanced AI and high-performance computing chips, although shares fell about 2.2% in local trading.
2. Barclays Raises Wafer-Fab Equipment Forecast
Barclays lifted its 2027 wafer fabrication equipment market estimate to US$209.5 billion from US$159 billion, citing stronger DRAM, NAND and foundry/logic spending. The bank noted DRAM capex now forecast to grow 115% in 2026 and 40% in 2027, NAND growth revised to 60% in 2027, and leading-edge investment supported by key foundries like TSMC, Samsung and Intel.
