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AI Chips & Compute

TSMC July Sales Surge 44.7% on AI Demand, Beating Annual Growth Target

TSMC July sales surged 44.7% on AI demand, beating its 40% annual growth target.

AI News Feed · 2026-08-14 22:50

The company said in its second-quarter earnings report last month that 2026 revenue would rise by slightly above 40% in U.S. dollar terms. Ben Barringer, head of technology research at Quilter Cheviot, told CNBC that July's numbers put TSMC ahead of that forecast. "This is no mean feat and highlights that for now demand is still there and takes the pressure off August and September somewhat," he said. He cautioned that semiconductor demand can shift quickly and monthly numbers can jump around, but noted the company is continuing to expand with additional investments.

TSMC does not comment on monthly revenue figures. In its second-quarter earnings, high-performance computing, the segment where TSMC books AI chip sales, accounted for 66% of revenue. Chairman C.C. Wei said, "AI-related demand continues to be extremely robust." The company also raised its 2026 capital expenditure projection to between $60 billion and $64 billion.

European semiconductor stocks rose on Monday, with ASML up more than 2% and Infineon and STMicro also trading higher. In the United States, the PHLX Semiconductor index remains about 15% below its June high after a recent sell-off but is still roughly 72% higher for the year. TSMC's shares are up 50% in 2026.