The massive ~US$29.44B capex authorization and ¥282B JV commitment signal TSMC's confidence in long-term demand for advanced nodes and image sensors, but the filing lacks YoY comparisons and forward guidance. Monitor upcoming earnings calls for margin impact of this capex cycle and any demand commentary from key customers like Apple and Nvidia.
Price Chart
Executive Summary
TSMC's board approved Q2 2026 results showing consolidated revenue of NT$1,270.38B and net income of NT$706.56B (diluted EPS NT$27.25), declared a NT$7.0/share cash dividend, authorized massive capital appropriations of ~US$29.44B for capacity expansion, and formed a new JV with Sony Semiconductor Solutions for next-gen image sensors with a subscription commitment of up to ¥282B. The scale of capex and JV investment signals aggressive long-term demand conviction, but the filing provides no YoY comparisons or guidance, making standalone directional assessment impossible.
Key Facts
- Q2 2026 consolidated revenue: NT$1,270.38B
- Q2 2026 net income: NT$706.56B
- Q2 2026 diluted EPS: NT$27.25
- Cash dividend of NT$7.0/share approved for Q2 2026; ex-dividend date Dec 10, 2026
- Capital appropriations of ~US$29,442.50M approved for capacity expansion
- New joint venture with Sony Semiconductor Solutions formed; TSMC to subscribe up to ¥282B
- Six-month H1 2026 net sales: NT$2,404.48B; net income: NT$1,279.58B; basic EPS: NT$49.33
Financial Impact
Q2 revenue NT$1,270.38B, net income NT$706.56B; H1 net sales NT$2,404.48B; capex authorization ~US$29.44B; JV commitment up to ¥282B
Risk Factors
- Capex of ~US$29.44B may pressure near-term free cash flow and margins if demand softens
- JV with Sony involves significant yen-denominated commitment (~¥282B), introducing FX risk
- No YoY financial comparisons provided, limiting assessment of growth trajectory
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001046179-26-000536 |
| Document: 0001046179-26-000536-index-headers.html | 0001046179-26-000536 |
| Document: 0001046179-26-000536-index.html | 0001046179-26-000536 |
| Document: 0001046179-26-000536.txt | 0001046179-26-000536 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Institutional Cluster | $418.51 | awaiting T+20 | — | $436.25 (+4.24%) |
Oct 22, 2026 5d ago | 6-K | $412.35 | awaiting T+20 | — | $436.25 (+5.80%) |
Oct 15, 2026 12d ago | 6-K | $422.25 | awaiting T+20 | — | $436.25 (+3.32%) |
Oct 12, 2026 15d ago | Institutional Cluster | $444.35 | awaiting T+20 | — | $436.25 (−1.82%) |
Oct 8, 2026 19d ago | 6-K | $457.99 | awaiting T+20 | — | $436.25 (−4.75%) |
Sep 24, 2026 4w ago | 6-K | $451.15 $412.35 | ▼ −8.60% | ▼ −8.18% | $436.25 (−3.30%) |
Sep 10, 2026 6w ago | 6-K | $428.03 $457.99 | ▲ +7.00% | ▲ +4.88% | $436.25 (+1.92%) |
Sep 9, 2026 6w ago | Insider Cluster | $435.36 $472.20 | ▲ +8.46% | ▲ +6.52% | $436.25 (+0.20%) |
Sep 4, 2026 7w ago | Insider Cluster | $428.91 $485.80 | ▲ +13.26% | ▲ +12.66% | $436.25 (+1.71%) |
Sep 1, 2026 8w ago | 6-K | $414.00 $456.19 | ▲ +10.19% | ▲ +9.87% | $436.25 (+5.37%) |
US Market Status
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