TSMC (ADR)
Manufactures customer-designed chips through a dedicated foundry and advanced-packaging platform.
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Profile
Manufactures customer-designed integrated circuits as a dedicated foundry without selling competing branded chips. Process technologies and advanced packaging support chip designers, with Taiwan at the production core and manufacturing capacity expanding internationally.
Manufactures integrated circuits designed by customers as a dedicated foundry and does not market semiconductor products under its own name. Process technologies and advanced packaging give chip designers a manufacturing route from design work to high-volume production.
Taiwan remains the production center, while the manufacturing network is extending into the United States, Japan and Germany. The customer-partner model rests on not competing with chip-design customers and on combining technology, manufacturing and service.
Operations depend on reliable water and electricity, recovery from earthquakes and other disruptions, cybersecurity across facilities and suppliers, and government permissions affecting customers, equipment and technology transfers.
Company facts
Key statistics
Year to date +30.7% · Average volume (30d) 11.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 11, 2026 | Bernstein | Reiterate | Outperform | $200 | $554 |
| Jul 27, 2026 | Goldman Sachs | Initiate | Buy | ||
| Jul 27, 2026 | Needham | Reiterate | Buy | $480 | $530 |
| Jul 17, 2026 | DA Davidson | Reiterate | Buy | $450 | $500 |
| Jul 17, 2026 | Barclays | Reiterate | Overweight | $625 | $650 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 16, 2026Q2 FY26 | $3.87 | $4.31 | +11.4% | $39.83B | $39.36B | −1.2% | −2.77% |
| Apr 15, 2026Q1 FY26 | $3.31 | $3.49 | +5.4% | $35.35B | $35.98B | +1.8% | −3.13% |
| Jan 15, 2026Q4 FY25 | $2.90 | $3.09 | +6.6% | $33.01B | $33.14B | +0.4% | +0.22% |
| Nov 14, 2025Q3 FY25 | $2.63 | $2.85 | +8.4% | $32.07B | $32.36B | +0.9% | −0.99% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $26.52B | $29.50B | $31.28B | $33.36B | $35.83B | $40.14B | |
| Gross profit | $15.59B | $17.29B | $18.59B | $20.79B | $23.74B | $27.18B | |
| Operating income | $12.86B | $14.64B | $15.82B | $17.98B | $20.77B | $24.22B | |
| Net income | $11.42B | $12.58B | $14.29B | $16.13B | $18.09B | $22.32B | |
| Diluted EPS | $2.22 | $2.29 | $2.80 | $3.11 | $3.52 | $4.30 | |
| Gross margin | 58.8% | 58.6% | 59.5% | 62.3% | 66.2% | 67.7% | |
| Operating margin | 48.5% | 49.6% | 50.6% | 53.9% | 58.0% | 60.3% |
Fiscal years (4-quarter sums)FY21 $50.15B · FY22 $71.52B · FY23 $68.30B · FY24 $91.44B · FY25 $120.65B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $111.15B · Total debt $33.76B · Total assets $296.21B · Shareholders' equity $203.23B
Dividends
Raised for 3 straight years — most recently to $0.9393 from $0.939 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 11, 2026 | Jun 11 | Jul 9 | $0.9393 | raised from $0.939 |
| Mar 17, 2026 | Mar 17 | Apr 9 | $0.939 | raised from $0.7954 |
| Dec 11, 2025 | Dec 11 | Jan 8 | $0.7954 | cut from $0.822 |
| Sep 16, 2025 | Sep 16 | Oct 9 | $0.822 | raised from $0.6164 |
| Jun 12, 2025 | Jun 12 | Jul 10 | $0.6164 | raised from $0.5354 |
| Mar 18, 2025 | Mar 18 | Apr 10 | $0.5354 | raised from $0.4804 |
| Dec 12, 2024 | Dec 12 | Jan 9 | $0.4804 | cut from $0.4936 |
| Sep 12, 2024 | Sep 12 | Oct 9 | $0.4936 | raised from $0.4265 |
Ownership
Shares outstanding 5.19B · Float —
Float — provider float is below the insider stake.
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FMR LLC | 58.94M | 1.14% | 13F | Aug 13, 2026 |
| Capital World Investors | 34.37M | 0.66% | 13F | Aug 12, 2026 |
| Sanders Capital, LLC | 26.15M | 0.50% | 13F | Aug 10, 2026 |
| JPMorgan Chase & Co | 23.83M | 0.46% | 13F | Aug 12, 2026 |
| BlackRock, Inc. | 20.11M | 0.39% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Lipen Yuan | officer: VP | +1,350 | $74.26 |
| Aug 19, 2026 | Lipen Yuan | officer: VP | +1,000 | $73.77 |
| Aug 7, 2026 | Lipen Yuan | officer: VP | +42 | $73.31 |
| Aug 7, 2026 | Kevin Xiaoqiang Zhang | officer: SVP and Deputy Co-COO | +63 | $73.31 |
| Aug 7, 2026 | Choh Fei Yeap | officer: SVP | +57 | $73.31 |
Peers
- Intel
External foundry services in advanced-node logic and packaging
- GlobalFoundries
Differentiated-process foundry in specialty and mature-node chips
- United Microelectronics (ADR)
Logic and specialty foundry services across major electronics sectors
- Tower Semiconductor
Specialty analog foundry with customizable process platforms
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TSMC (ADR) | $418.89 | +0.30% | $2.17T | 30.4 | 27.4 | 14.1 | +24.0% |
| Intel | $89.24 | −0.21% | $451.29B | — | 53.8 | 7.9 | +25.4% |
| GlobalFoundries | $44.90 | +0.49% | $24.56B | 35.0 | 20.9 | 3.5 | +5.8% |
| United Microelectronics (ADR) | $19.83 | +0.15% | $49.36B | 18.8 | 26.0 | 6.5 | +4.5% |
| Tower Semiconductor | $209.97 | +0.89% | $23.47B | 82.2 | 40.8 | 14.5 | +23.7% |
| Median | 35.0 | 33.4 | 7.2 | +14.7% |