Bernstein — Taiwan Semiconductor Manufacturing Co Ltd (2330.TT): 2Q26 Monthly Revenue Tracking Slightly Ahead of Guidance Mid-Point
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Bernstein reports that Taiwan Semiconductor Manufacturing Company posted April 2026 revenue of NT$236 billion, representing a sequential decline of 13.4% but a robust year-over-year surge of 48.5%. Cumulative revenue for the first four months of 2026 reached NT$926 billion, up 41.6% compared to the same period last year. This performance positions the monthly revenue trajectory slightly ahead of the company's stated second-quarter guidance mid-point of NT$745 billion.
Despite the favorable tracking data, TSMC has maintained its official second-quarter revenue guidance range of NT$730 billion to NT$760 billion. Bernstein attributes the strong year-over-year revenue growth primarily to sustained demand related to artificial intelligence applications, which continues to act as the principal catalyst for the company's top-line expansion.
The report methodically compares the officially announced April revenue figures against TSMC's second-quarter guidance mid-point to establish its positive tracking observation. However, the analysis stops short of providing a precise quantification of the beat percentage or issuing any adjustments to existing ratings, target prices, or forward-looking estimates. Investors are left to monitor upcoming monthly disclosures to gauge whether this momentum persists and to assess the full realization of the second-quarter revenue target.
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