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TSMC July Revenue Jumps 45%, Analyst Raises Target

8/11/2026

40 7 Full Breakdown

Summary

Story summary

TSMC posted July revenue of NT$467.58 billion ($14.5 billion), up 44.7% year-on-year.
January-July 2026 sales climbed to NT$2.87 trillion, a 37% rise from the prior year.
The firm raised its 2026 capex target to $60-$64 billion and its revenue growth outlook to just over 40%.
Needham analyst Charles Shi lifted his TSMC price target to $530 from $480, keeping a Buy rating.

History

Historical Context

After the 1976 RCA technology transfer that seeded ITRI’s demo fab and led to UMC’s spin-off, Morris Chang founded TSMC in 1987, pioneering the fabless foundry model. The 1997 Asian-crisis surge saw TSMC launch a 300-mm fab, raising output 30% and striking a $1.5 billion Philips deal. In July 2026 it reported NT$467.58 billion revenue and a $62 billion capex plan, echoing that expansion drive.

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Story summary

TSMC posted July revenue of NT$467.58 billion ($14.5 billion), up 44.7% year-on-year.
January-July 2026 sales climbed to NT$2.87 trillion, a 37% rise from the prior year.
The firm raised its 2026 capex target to $60-$64 billion and its revenue growth outlook to just over 40%.
Needham analyst Charles Shi lifted his TSMC price target to $530 from $480, keeping a Buy rating.

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