TSMC (TSM) Revenue Rises 40.6% to $35.9 Billion in Q1 2026

AI Summary

Taiwan Semiconductor Manufacturing (TSM) reported a revenue increase of 40.6% year over year, reaching $35.9 billion in the first quarter of 2026. Its net income also saw significant growth at 50.5%, totaling $18.1 billion. As the largest semiconductor foundry with a 70% market share, TSMC is positioned to benefit from the rising demand for AI infrastructure and data center expansion among major tech companies. In contrast, Meta Platforms (META) experienced a decline of over 6% year to date, trading at a P/E ratio of 18.9, making it the cheapest among the Magnificent Seven stocks.