TAIPEI — The world’s largest producer of advanced artificial intelligence chips is poised to announce another record-breaking quarter on Thursday, with analysts forecasting a 59% increase in net profit for the April-through-June period, fueled by surging worldwide demand for AI infrastructure.
Analysts say demand for Taiwan Semiconductor Manufacturing Co.’s cutting-edge 3-nanometer and 2-nanometer chip technologies, along with its advanced chip packaging process known as CoWoS, continues to be robust.
That momentum has pushed Asia’s most valuable company — a critical supplier to both Nvidia and Apple — to remarkable new heights. Its market capitalization now stands at roughly $1.95 trillion, nearly double that of South Korean competitor Samsung Electronics.
According to a SmartEstimate compiled by LSEG from 18 analysts, the company is projected to report a net profit of T$632.6 billion, equivalent to approximately $19.65 billion, for the second quarter. The SmartEstimate methodology gives greater weight to analysts with stronger track records of accuracy.
Any quarterly result exceeding T$572.5 billion would represent the company’s all-time highest quarterly net income and mark its tenth straight quarter of profit growth.
Earlier this week, the company reported a 36% increase in second-quarter revenue, surpassing market expectations and setting a new record high.
An earnings call scheduled for Thursday morning will include third-quarter guidance and an updated forecast for the full year. Analysts are broadly anticipating the company to raise its full-year revenue growth outlook, and many will be watching closely to see whether management also increases its capital spending projections — a key signal of confidence in the staying power of AI demand.
During its most recent earnings call in April, the company indicated that its 2026 capital expenditure would land at the upper end of its previously stated range of $52 billion to $56 billion.
The company is also investing $165 billion to construct chip manufacturing facilities in the U.S. state of Arizona.
Shares of the company listed on the Taipei stock exchange have climbed 57.4% so far this year, keeping pace with the broader market.
