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TSM

Taiwan Semiconductor Manufacturing Company Limited

TSM

NYSE·Technology·Semiconductors·Mkt cap $2.3T

$434.16

▼ -2.27%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$223.70 - $479.00

P/E

—

Fwd P/E

—

Beta

1.25

Div Yield

0.88%

Avg Vol

13.7M

Shares Out

5.2B

Mkt Cap

$2.3T

Price action

Price chart

Up 90.2% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

6 reasons

  • Industry-leading process technology and manufacturing capabilities
  • Largest independent foundry with unmatched scale and production capacity
  • Diversified global customer base across multiple industries and geographies
  • Vertically integrated operations from R&D through manufacturing and distribution
  • Significant barriers to entry due to capital intensity and technical expertise
  • Strategic partnerships with major technology companies worldwide
▼

Bear Case

1 risk

  • Average volatility.

Growth

Strong growth ahead

Increasing demand for advanced semiconductors in AI and high-performance computing

Value

Valuation data unavailable

Momentum

Hot

+31.0% over 3m

Quality

Excellent

High-growth business (500% revenue growth, 62% gross margin). Profitable with strong growth momentum.

Dividend

Modest

0.88% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Jul 16, 2026

“
Q2 26 RECAP

APR 16, 2026

Reported EPS of $3.49 vs $3.31 consensus (+5.4% surprise). Revenue of $36.0B vs $35.4B expected (+1.8%). Beat on both top and bottom lines.

EPS beat +5.4%
Rev beat +1.8%
Double beat

EPS surprise · last 4Q

2 of 2 beats

Q2 26

+5.4%

Q2 26

+5.4%

Next: Jul 16, 2026

Revenue trend · last 8Q

—

—

-96%

+42%

+39%

+30%

+22%

+4167%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$677.3M

$764.0M

$873.3M

$844.0M

$29.7B

$31.4B

$33.5B

$36.0B

Margins · last 8Q

Gross

66.2%

Operating

58.0%

Profit

50.5%

View full earnings history →

Wall Street consensus

6 analysts · 83% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

5

83%

Hold

1

17%

Sell

0%

Median Price Target

$552.50

▲ +27.3% vs $434.16

Low $480.00
Median $552.50
High $625.00

Latest: Barclays · $625.00 · Jun 29, 2026

2 analysts covering

View full analyst page →

vs Industry

How TSM stacks vs Semiconductors

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.