TSMC seen riding AI boom to fifth straight quarter of record profit
TSM•Revenue, guidance and capital spending in focus
On Monday, it posted a 36% year-on-year rise in second-quarter revenue, ahead of market forecasts and a new record high.
"TSMC’s strong second-quarter revenue shows AI demand remains healthy, driving demand for its advanced chip production and CoWoS packaging," said Dan Nystedt, research analyst at TriOrient, an Asia-based private investment firm.
Analysts broadly expect TSMC to raise its full-year revenue growth outlook.
Haas Liu, Bank of America's Asia semiconductor analyst, said in a research note that supply chain checks suggest the AI demand pipeline remains strong, and that TSMC could raise the full-year outlook from its current guidance of "above 30%" year-on-year.
Another key focus for investors will be whether TSMC raises its capital spending outlook, viewed as an important gauge of management's confidence in the durability of AI demand.
