Taiwan Semiconductor Manufacturing (TSM) will report its Q1 earnings next week on April 16, with TSM already reporting strong revenue for the quarter. According to its March report, TSMC’s Q1 revenue climbed approximatley 35% year over year, coming in at $35.71 billion, beating market expectations. The updated revenue report is fueling TSM stock up 2.2% on Friday.
Market experts suggest that the AI boom of 2025 paused early in 2026, but is set to continue. On Wednesday, market research firm Gartner said worldwide semiconductor spending, including GPUs, memory, and storage chips, will reach $1.3 trillion in 2026, marking the largest growth in two decades. TSMC’s continued growth in the AI sector and success can make it one of the biggest beneficiaries of the semiconductor sales spree.
Taiwan Semiconductor Manufacturing (TSM) supplies advanced semiconductors to top tech giants. Customers include Apple (AAPL) and Nvidia (NVDA). Over the past 12 months, TSM stock has surged more than 140%. Looking ahead, TSM’s bullish outlook is backed by continued demand for advanced semiconductors used in AI data centers, high-performance computing, and next-generation smartphones.
Looking Ahead to TSMC Earnings, 2026 Forecast
Ahead of next week’s earnings, analysts expect TSMC to earn $3.27 per U.S. share, up 53% year over year, in Q1. “TSMC’s results generally fit our conversations, suggesting demand for advanced-node foundry production remains extremely healthy due to continued robust AI requirements,” Wedbush Securities analyst Matt Bryson said in a client note. He rates TSM stock as outperform.
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Out of 51 analysts covering TSM stock on Wall Street, 98% of them rate TSMC a buy. The median forecast for the stock over the next few months is $437.50, implying a healthy 17% climb from current prices. On the bullish side, the 1-year high forecast for TSMC suggests it could reach as high as $550.00, implying gains of over 45%.