Taiwan Semiconductor (TSM), the world’s largest dedicated semiconductor foundry and one of the most valuable chip companies, handed investors two major reasons to pay attention this week.
On Thursday, July 16, TSMC reported Q2 FY2026 earnings that comfortably cleared Wall Street's expectations. Net profit jumped 77.4% year-over-year (YOY) to NT$706.6 billion ($21.9 billion), surpassing Street’s estimate of NT$632.6 billion ($19.6 billion). This proved once again that the artificial intelligence (AI) boom is flowing straight into the company's bottom line.