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, 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. 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, 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.
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.