TSMC prints in a few hours. We think TSMC could raise its FY2026 capex guidance rises from $52-56B to $56-60B. Current mgmt guidance: $52-56B (set April 16) Why we think so: - Revenue is running 31% year over year against guidance set in April, and TSMC’s recent spending trajectory ($29.8B in 2024

TSMC prints in a few hours. We think TSMC could raise its FY2026 capex guidance rises from $52-56B to $56-60B. Current mgmt guidance: $52-56B (set April 16) Why we think so: - Revenue is running 31% year over year against guidance set in April, and TSMC’s recent spending trajectory ($29.8B in 2024

TSMC prints in a few hours. We think TSMC could raise its FY2026 capex guidance rises from $52-56B to $56-60B. Current mgmt guidance: $52-56B (set April 16) Why we think so: - Revenue is running 31% year over year against guidance set in April, and TSMC’s recent spending trajectory ($29.8B in 2024

TSMC 3Q26 Guidance Revenue $44.6bn ~ $45.8bn vs. $43.11bn GPM 65% ~ 67% vs. 65.88%

TSMC Q2: $40.2B revenue (top of guide) and 67.7% gross margin (above the range). The real signal is Q3 guidance: $44.6-45.8B, another ~12% QoQ step. AI demand is still accelerating into H2 $TSM

TSMC Q2: $40.2B revenue (top of guide) and 67.7% gross margin (above the range). The real signal is Q3 guidance: $44.6-45.8B, another ~12% QoQ step. AI demand is still accelerating into H2 $TSM https://t.co/aY9EbFTNSR