TSMC Raises Dividend 28% to TWD 23 and Guides 38% Q1 Revenue Growth
Taiwan Semiconductor Manufacturing raised its annual dividend by 28% to TWD 23 per share for fiscal 2026, up from TWD 18 in 2025. It guided for 38% revenue growth in Q1 2026, underscoring robust demand despite elevated geopolitical risks.
1. Dividend Increase
Taiwan Semiconductor Manufacturing announced a TWD 23 per share annual dividend for fiscal 2026, up from TWD 18 in 2025, representing a 28% increase. The boost reflects management’s confidence in cash generation after achieving record revenue of over TWD 2.4 trillion in the prior year.
2. Q1 Revenue Guidance
The company projected 38% year-over-year revenue growth for Q1 2026, driven by sustained orders for its 5-nanometer and 3-nanometer process nodes. Strong demand from artificial intelligence, high-performance computing and smartphone customers underpins the outlook.
3. Geopolitical Risk Context
Despite rising cross-Strait tensions and tighter export controls on advanced chips, TSMC expects its scale and technology leadership to mitigate headwinds. Diversified end markets and close partnerships with global equipment suppliers support resilience amid geopolitical uncertainties.