TSMC Expected to Report Record Q2 Profit as AI Demand Surges
TSMC (TPE:2330) is expected to post a 59% year-over-year increase in second-quarter net profit, fueled by strong global demand for AI infrastructure, Reuters reported Thursday, citing an LSEG SmartEstimate based on estimates from 18 analysts. The chipmaker is forecast to report net profit of NT$632.6 billion for the quarter ended June 30. A result above NT$572.5 billion would mark the company's highest-ever quarterly net income and extend its streak of profit growth to a 10th consecutive quarter, according to the report. If the estimate is met, TSMC would also deliver a fifth straight quarter of record earnings, the report said. The company is scheduled to report its quarterly results on Thursday. TSMC said Monday that its second-quarter revenue rose 36% from a year earlier.
TSMC (TPE:2330) is expected to post a 59% year-over-year increase in second-quarter net profit, fueled by strong global demand for AI infrastructure, Reuters reported Thursday, citing an LSEG SmartEstimate based on estimates from 18 analysts. The chipmaker is forecast to report net profit of NT$632.6 billion for the quarter ended June 30. A result above NT$572.5 billion would mark the company's highest-ever quarterly net income and extend its streak of profit growth to a 10th consecutive quarter, according to the report. If the estimate is met, TSMC would also deliver a fifth straight quarter of record earnings, the report said.
The company is scheduled to report its quarterly results on Thursday. TSMC said Monday that its second-quarter revenue rose 36% from a year earlier.