Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Q2 FY2026 Financial Statements: Revenue $40.20B, Net income $22.36B
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PeriodQ2 FY2026
Published
Taiwan Semiconductor Manufacturing Company (TSMC) reported $40.20 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026, up 33.7% from a year earlier in US dollar terms, as demand for its leading-edge process technologies, led by high performance computing and AI chips, kept rising. Net income attributable to shareholders was $22.36 billion, up 74.3% in US dollar terms, or $4.31 per diluted American Depositary Share, but that figure includes a one-time gain on the partial sale of TSMC's stake in Vanguard International Semiconductor. Operating income, which excludes that gain, was $24.26 billion, up 62.5% in US dollar terms.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $40,201,906,646 | up 33.7% |
| Net income | $22,359,555,000 | up 74.3% |
| Diluted EPS per ADS | $4.31 | up 74.3% |
| Operating income | $24,259,577,563 | up 62.5% |
Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.
About this file
| Ticker | TSM |
|---|---|
| CIK | 0001046179 |
| Company | Taiwan Semiconductor Manufacturing Company Ltd. |
| Business type | industrial |
| Schema template | standard (semiconductor foundry): income statement, balance sheet and cash flow lines as TSMC prints them |
| Reporting currency | TWD |
| Converted to USD | yes |
| Units | actual US dollars (not millions), converted from New Taiwan dollars; per-share figures are per ADS (one ADS = five common shares); share counts are ordinary common shares as filed |
TSM annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Period start | 2025-01-01 | 2024-01-01 | 2023-01-01 |
| Period end | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 20-F | 20-F | 20-F |
| Income statement | |||
| Net revenue | 122,438,261,009 | 90,081,160,909 | 69,391,981,967 |
| Cost of revenue | 49,108,334,941 | 39,525,493,308 | 31,670,788,857 |
| Gross profit | 73,329,926,069 | 50,555,667,600 | 37,721,193,110 |
| Research and development | 7,921,157,184 | 6,354,864,613 | 5,854,105,589 |
| General and administrative | 2,645,589,842 | 2,606,442,577 | 1,954,024,280 |
| Marketing | 543,815,493 | 409,075,630 | 339,962,757 |
| Total operating expenses | 11,110,562,520 | 9,370,382,820 | 8,148,092,627 |
| Other operating income and expenses net | 14,378,014 | -38,288,204 | 6,057,293 |
| Operating income | 62,233,741,562 | 41,146,996,576 | 29,579,157,776 |
| Total non operating income and expenses | 3,393,217,615 | 2,607,749,767 | 1,857,020,923 |
| Income before income tax | 65,626,959,177 | 43,754,746,343 | 31,436,178,699 |
| Income tax expense | 11,138,855,673 | 7,728,481,170 | 4,118,086,075 |
| Net income | 54,488,103,504 | 36,026,265,173 | 27,318,092,624 |
| Net income attributable to shareholders of the parent | 54,567,791,707 | 36,052,916,278 | 27,340,957,540 |
| Diluted EPS | 10.5223 | 6.9514 | 5.2724 |
| Diluted shares | 25,930,600,000 | 25,929,700,000 | 25,929,300,000 |
| Cash flow | |||
| Depreciation expense | 21,847,765,992 | 20,342,685,963 | 16,786,203,239 |
| Amortization expense | 270,408,229 | 285,904,139 | 297,189,345 |
| Operating cash flow | 73,126,827,387 | 56,837,133,520 | 39,867,301,307 |
| Capex | -40,900,369,656 | -29,754,326,175 | -30,489,234,743 |
| Net cash used in investing activities | -36,785,387,335 | -26,916,987,239 | -29,086,581,411 |
| Cash dividends paid | -15,004,153,005 | -11,299,570,495 | -9,364,308,453 |
| Net cash used in financing activities | -14,154,439,087 | -10,778,120,137 | -6,577,128,728 |
| Free cash flow derived | 32,226,457,731 | 27,082,807,345 | 9,378,066,565 |
| Balance sheet | |||
| Cash and cash equivalents | 88,232,591,648 | 64,886,459,286 | |
| Accounts receivable net | 8,895,492,509 | 8,255,053,370 | |
| Inventories | 9,184,236,532 | 8,779,164,379 | |
| Total current assets | 121,680,930,826 | 94,185,791,400 | |
| Property plant and equipment net | 117,686,990,755 | 98,657,520,586 | |
| Total assets | 252,879,901,179 | 204,079,435,804 | |
| Long term liabilities current portion | 4,364,861,332 | 1,825,492,528 | |
| Total current liabilities | 48,530,889,385 | 39,910,213,480 | |
| Bonds payable noncurrent | 27,294,469,238 | 28,258,752,668 | |
| Long term bank loans noncurrent | 1,269,827,861 | 970,551,998 | |
| Total liabilities | 80,861,437,679 | 73,574,050,015 | |
| Equity attributable to shareholders of the parent | 170,705,728,403 | 129,437,831,656 | |
| Noncontrolling interests | 1,312,735,097 | 1,067,554,132 | |
| Total equity | 172,018,463,500 | 130,505,385,788 | |
| Conversion | |||
| Currency | TWD | TWD | TWD |
| Average | |||
| Twd per USD | 31.11 | 32.13 | 31.15253 |
| Ads ratio | 5.0 | 5.0 | 5.0 |
| Closing | |||
| Twd per USD | 31.37 | 32.79 | |
- Accounting basis. IFRS Accounting Standards as issued by the IASB (Form 20-F)
- Conversion: average source, FY2025. FY2025 Form 20-F (accession 0001628280-26-025362), Item 5: weighted average exchange rate of NT$ 31.11 per U.S. dollar in 2025
- Conversion: average source, FY2024. FY2025 Form 20-F (accession 0001628280-26-025362), Item 5: weighted average exchange rate of NT$ 32.13 per U.S. dollar in 2024
- Conversion: average source, FY2023. FRED DEXTAUS, average of 249 daily rates 2023-01-01 to 2023-12-31
- Conversion: closing source, FY2025. FY2025 Form 20-F (accession 0001628280-26-025362), Note 3: NT$ 31.37 to US$1.00 as of December 31, 2025
- Conversion: closing source, FY2024. FRED DEXTAUS, rate on 2024-12-31
TSM quarterly income statement, balance sheet and cash flow
| Q2 FY2026 | Q2 FY2025 | |
|---|---|---|
| Period start | 2026-04-01 | 2025-04-01 |
| Period end | 2026-06-30 | 2025-06-30 |
| Period type | three months | three months |
| Source accession | 0001046179-26-000541 | 0001046179-26-000541 |
| Sources | ||
| Income statement | 0001046179-26-000541 | 0001046179-26-000541 |
| Balance sheet | 0001046179-26-000541 | 0001046179-26-000541 |
| Cash flow | 0001046179-26-000451 | 0001046179-26-000451 |
| Income statement | ||
| Net revenue | 40,201,906,646 | 30,073,812,206 |
| Cost of revenue | 12,976,884,652 | 12,445,173,301 |
| Gross profit | 27,225,021,994 | 17,628,638,905 |
| Research and development | 2,314,751,203 | 1,973,581,932 |
| General and administrative | 676,170,633 | 610,479,002 |
| Marketing | 141,422,563 | 137,624,702 |
| Total operating expenses | 3,132,344,399 | 2,721,685,636 |
| Other operating income and expenses net | 166,899,968 | 18,123,639 |
| Operating income | 24,259,577,563 | 14,925,076,908 |
| Total non operating income and expenses | 3,032,513,766 | 953,673,623 |
| Income before income tax | 27,292,091,329 | 15,878,750,531 |
| Income tax expense | 4,925,606,424 | 3,077,029,952 |
| Net income | 22,366,484,905 | 12,801,720,580 |
| Net income attributable to shareholders of the parent | 22,359,555,000 | 12,826,830,982 |
| Diluted EPS | 4.3117 | 2.4734 |
| Diluted shares | 25,931,771,000 | 25,928,877,000 |
| Balance sheet | ||
| Cash and cash equivalents | 98,195,946,269 | 81,104,628,524 |
| Accounts receivable net | 13,652,562,097 | 8,006,008,747 |
| Inventories | 12,078,593,333 | 10,434,030,185 |
| Total current assets | 143,044,700,232 | 111,988,662,791 |
| Property plant and equipment net | 134,810,466,759 | 116,148,945,325 |
| Total assets | 293,741,923,899 | 240,322,067,263 |
| Long term liabilities current portion | 5,244,998,590 | 3,231,585,409 |
| Total current liabilities | 58,204,205,307 | 47,242,722,577 |
| Bonds payable noncurrent | 25,535,331,662 | 29,105,263,634 |
| Long term bank loans noncurrent | 1,542,294,567 | 1,205,194,690 |
| Total liabilities | 90,894,910,270 | 81,968,776,120 |
| Equity attributable to shareholders of the parent | 201,532,625,290 | 157,133,634,321 |
| Noncontrolling interests | 1,314,388,339 | 1,219,656,822 |
| Total equity | 202,847,013,629 | 158,353,291,144 |
| Cash flow | ||
| Operating cash flow | 24,789,873,418 | 16,008,695,652 |
| Capex | -15,696,202,532 | -9,572,302,738 |
| Cash dividends paid | -4,923,734,177 | -3,758,454,106 |
| Free cash flow | 9,093,670,886 | 6,436,392,915 |
| Conversion | ||
| Currency | TWD | TWD |
| Average | ||
| Twd per USD | 31.60 | 31.05 |
| Ads ratio | 5.0 | 5.0 |
| Closing | ||
| Twd per USD | 31.918 | 29.154 |
- Accounting basis. Taiwan-IFRS (IAS 34 interim statements reviewed, not audited)
- Conversion: average source, Q2 FY2026. Q2 2026 earnings presentation (accession 0001046179-26-000451): Average Exchange Rate--USD/NTD 31.60 for 2Q26
- Conversion: average source, Q2 FY2025. Q2 2026 earnings presentation (accession 0001046179-26-000451): Average Exchange Rate--USD/NTD 31.05 for 2Q25
- Conversion: closing source, Q2 FY2026. Q2 2026 consolidated financial statements (accession 0001046179-26-000541), Note 35: USD exchange rate 31.918 at June 30, 2026
- Conversion: closing source, Q2 FY2025. Q2 2026 consolidated financial statements (accession 0001046179-26-000541), Note 35: USD exchange rate 29.154 at June 30, 2025
TSM year-to-date income statement and cash flow
| First half FY2026 (six months ended June 30, 2026) | First half FY2025 (six months ended June 30, 2025) | |
|---|---|---|
| Period start | 2026-01-01 | 2025-01-01 |
| Period end | 2026-06-30 | 2025-06-30 |
| Period type | six months | six months |
| Source accession | 0001046179-26-000541 | 0001046179-26-000541 |
| Income statement | ||
| Net revenue | 76,051,855,857 | 55,636,642,029 |
| Cost of revenue | 25,078,070,282 | 22,978,354,074 |
| Gross profit | 50,973,785,575 | 32,658,287,955 |
| Research and development | 4,456,641,244 | 3,697,316,450 |
| General and administrative | 1,366,401,033 | 1,375,633,866 |
| Marketing | 281,002,364 | 251,913,672 |
| Total operating expenses | 6,104,044,642 | 5,324,863,989 |
| Other operating income and expenses net | 219,836,015 | -17,744,056 |
| Operating income | 45,089,576,947 | 27,315,679,911 |
| Total non operating income and expenses | 3,942,925,012 | 1,676,467,209 |
| Income before income tax | 49,032,501,959 | 28,992,147,119 |
| Income tax expense | 8,560,360,897 | 5,199,665,492 |
| Net income | 40,472,141,063 | 23,792,481,627 |
| Net income attributable to shareholders of the parent | 40,455,044,319 | 23,843,037,970 |
| Diluted EPS | 7.7998 | 4.5970 |
| Diluted shares | 25,931,544,000 | 25,928,771,000 |
| Cash flow | ||
| Depreciation expense | 11,372,002,751 | 11,265,493,497 |
| Amortization expense | 140,659,629 | 131,315,326 |
| Operating cash flow | 46,885,243,155 | 35,227,406,094 |
| Capex | -26,782,477,534 | -19,707,747,597 |
| Net cash used in investing activities | -26,874,184,074 | -16,275,754,758 |
| Cash dividends paid | -9,022,479,525 | -6,916,552,797 |
| Net cash used in financing activities | -9,633,105,362 | -6,412,835,154 |
| Free cash flow derived | 20,102,765,621 | 15,519,658,497 |
| Conversion | ||
| Currency | TWD | TWD |
| Average | ||
| Twd per USD | 31.616371 | 31.868306 |
| Ads ratio | 5.0 | 5.0 |
- Accounting basis. Taiwan-IFRS (IAS 34 interim statements reviewed, not audited)
- Conversion: average source, First half FY2026 (six months ended June 30, 2026). FRED DEXTAUS, average of 124 daily rates 2026-01-01 to 2026-06-30
- Conversion: average source, First half FY2025 (six months ended June 30, 2025). FRED DEXTAUS, average of 124 daily rates 2025-01-01 to 2025-06-30
Adjustments
| Splits applied | none |
|---|---|
| ADR ratio | 5 |
| Per share basis | Diluted EPS is stated per American Depositary Share (one ADS represents five common shares, as the FY2025 Form 20-F states), converted to US dollars. Diluted share counts are the weighted average ordinary common shares as filed, not ADSs. |
| FX | TSMC reports in New Taiwan dollars (NT$). Every money figure is converted to US dollars: income statement and cash flow figures at the average rate for the period, balance sheet figures at the rate on the balance sheet date. Rates the filings state are used where they exist: FY2025 average NT$31.11 and FY2024 average NT$32.13 per US$ (FY2025 Form 20-F, Item 5); December 31, 2025 NT$31.37 per US$ (Form 20-F Note 3); Q2 2026 average NT$31.60 and Q2 2025 average NT$31.05 (Q2 2026 earnings presentation); June 30, 2026 NT$31.918 and June 30, 2025 NT$29.154 (Q2 2026 consolidated financial statements, Note 35). Where no filing states a rate (FY2024 year-end, FY2023 average, and the two six-month averages) the Federal Reserve's H.10 daily NT$/US$ series is used. The rate applied to each period is recorded with that period under 'conversion'. The Form 20-F's own convenience-translation US$ column is not used. |
Notes
- Template: standard industrial schema for a semiconductor foundry: net revenue, cost of revenue, gross profit, operating expenses, operating income, net income and diluted EPS; cash, receivables, inventories, property, plant and equipment, borrowings and equity; operating cash flow, capital expenditures and free cash flow. Line items follow TSMC's own captions.
- Periods: FY2023, FY2024 and FY2025 come from the FY2025 Form 20-F (accession 0001628280-26-025362); its balance sheet presents only December 31, 2024 and December 31, 2025, so FY2023 carries no balance sheet. The quarter ended June 30, 2026 and the year-ago quarter ended June 30, 2025, plus the six-month year-to-date views, come from TSMC's reviewed Q2 2026 consolidated financial statements furnished on Form 6-K (accession 0001046179-26-000541, filed August 14, 2026), which supplement the Q2 2026 results release and earnings presentation furnished on Form 6-K (accession 0001046179-26-000451, filed July 16, 2026). The release's headline figures (net sales NT$1,270,381 million, net income NT$706,562 million, EPS NT$27.25) agree with the reviewed statements.
- Accounting basis: the annual figures follow IFRS Accounting Standards as issued by the IASB, as presented in the Form 20-F. The interim figures follow the Taiwan-endorsed IFRS (with IAS 34) used in TSMC's interim reports. The two bases are not identical: at December 31, 2025 the interim report shows total equity of NT$5,460,795.3 million and income tax payable of NT$202,337.9 million, while the Form 20-F shows NT$5,396,219.2 million and NT$266,732.6 million for the same date. Quarterly and annual figures are therefore not strictly additive, and no trailing-twelve-month view is published here because it would combine the two bases.
- Net income: 'net_income' is consolidated net income including non-controlling interests; 'net_income_attributable_to_shareholders_of_the_parent' is the figure TSMC headlines as net income and the numerator of its EPS.
- Quarterly cash flows: TSMC's interim statements of cash flows cover the six months only. Operating cash flow, capital expenditures, cash dividends and free cash flow for Q2 2026 and Q2 2025 are taken from the cash flow slide of the Q2 2026 earnings presentation (accession 0001046179-26-000451), printed in NT$ billions to two decimals, where TSMC defines free cash flow as cash from operating activities less capital expenditures. The Q2 2026 slide figures plus the Q1 2026 column on the same slide (NT$698.97 billion operating cash flow, NT$350.76 billion capital expenditures) sum to the six-month statement totals.
- Capital expenditures ('capex') is the statement line 'Acquisitions of property, plant and equipment', shown as a negative outflow. Free cash flow labelled '_derived' is operating cash flow less that line, computed from the printed statement figures; the quarterly 'free_cash_flow' is TSMC's own printed figure.
- Borrowings are shown as the statement lines print them: bonds payable and long-term bank loans (non-current) and long-term liabilities - current portion. No single total debt line is printed, so none is reported.
- Q2 2026 non-operating income includes other gains and losses, net of NT$65,162.6 million (Q2 2025: NT$11,260.2 million). The six-month statement of cash flows shows a NT$63,202.3 million gain on disposal of investments accounted for using the equity method, and the earnings presentation's recap of recent major events lists 'TSMC Sold 8.1% of Vanguard International Semiconductor (2026/05/15)'.
- No stock splits occurred in the periods presented.
Uncertainties
- Quarterly cash flow figures are rounded to NT$10 million (two decimals of NT$ billions) because they come from the earnings presentation rather than a full quarterly statement of cash flows.
- The FY2024 year-end rate, the FY2023 average rate and the two six-month average rates are not stated in the filings and come from the Federal Reserve's H.10 series; the six-month US$ figures therefore use a slightly different rate from the one TSMC itself would apply.
- Annual (IFRS as issued by the IASB) and interim (Taiwan-endorsed IFRS) figures are prepared on different bases, so changes between a quarter and a fiscal year mix a basis difference with business change.
Company details
| Name | Taiwan Semiconductor Manufacturing Co Ltd |
|---|---|
| Ticker | TSM |
| CIK | 0001046179 |
| Exchange | NYSE |
| State | |
| Incorporation | |
| SIC | 3674 |
| Office | Manufacturing |
| Industry | Semiconductors & Related Devices |
Fiscal period
| Fiscal year | 2026 |
|---|---|
| Fiscal period | Q2 |
| Tag | FY26Q2 |
| Period end | 2026-06-30 |
| Form | 6-K |
| Accession | 0001046179-26-000451 |
| Fiscal year end | 1231 |
| Source | derived |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Source |
|---|---|---|---|---|---|---|---|---|---|
| annual | no | 20-F | 2025 | FY | FY25 | 2025-12-31 | 2026-04-16 | 0001628280-26-025362 | reported |
| quarterly | yes | 6-K | 2026 | Q2 | FY26Q2 | 2026-06-30 | 2026-07-16 | 0001046179-26-000451 | derived |
FAQ · Taiwan Semiconductor Manufacturing financial statements
How much revenue did TSMC make in Q2 FY2026?
Taiwan Semiconductor Manufacturing Company (TSMC) reported $40.20 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026. That is up 33.7% from $30.07 billion in the same quarter a year earlier, measured in US dollars.
What was TSMC's net income in Q2 FY2026?
TSMC's net income attributable to shareholders was $22.36 billion in Q2 FY2026, up 74.3% in US dollar terms from $12.83 billion a year earlier. The quarter included a one-time gain on the partial sale of its stake in Vanguard International Semiconductor, which makes net income growth look stronger than the underlying business.
What was TSMC's earnings per ADS in Q2 FY2026?
TSMC earned $4.31 per diluted American Depositary Share in Q2 FY2026, the quarter ended June 30, 2026, compared with $2.47 in the same quarter a year earlier.
How much did TSMC's operating income grow in Q2 FY2026?
TSMC's operating income was $24.26 billion in Q2 FY2026, up 62.5% in US dollar terms from $14.93 billion a year earlier. Operating income excludes the one-time gain on the Vanguard International Semiconductor stake sale, so it is the cleaner measure of how the foundry business performed.
Where can I get Taiwan Semiconductor Manufacturing Company Ltd. (TSM) financial data in machine-readable form?
Ticker Scout publishes Taiwan Semiconductor Manufacturing Company Ltd.'s financial statements as JSON at https://tickerscout.ai/tsm/financials.json, free, with no API key and no signup. The 20-F and 6-K narrative and the 6-K events digest are published as Markdown at https://tickerscout.ai/tsm/narrative.md and https://tickerscout.ai/tsm/events.md. Taiwan Semiconductor Manufacturing Company Ltd.'s SEC CIK is 0001046179. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Taiwan Semiconductor Manufacturing Company Ltd. (TSM) next file with the SEC?
Taiwan Semiconductor Manufacturing Company Ltd. (TSM) is expected to file its next Form 6-K with the SEC on or around October 15, 2026. That date is a projection rather than a company-announced date: it is derived from Taiwan Semiconductor Manufacturing Company Ltd.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 6-K for Q2 FY2026, the period ended 2026-06-30, SEC accession 0001046179-26-000451.
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How this page was built
This page was built from three of Taiwan Semiconductor Manufacturing Company Ltd.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names three such gaps.
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