TSMC raises 2026 revenue growth outlook to more than 40% and lifts capex to US$60-64B

TSMC TSM Pure-play foundry (core business)Wafer capacity (12-inch equivalent)

With its Q2 results TSMC raised its full-year 2026 outlook to revenue growth of more than 40% in US dollar terms, up from more than 30% given in April. It also raised 2026 capital spending to US$60-64 billion from US$52-56 billion, with about 70-80% going to advanced process development. For traders the combination matters: higher growth supports the top line, while the larger capex bill is the main pressure on free cash flow and margins.

2026 revenue growth outlook raised to more than 40% in US dollars (from more than 30% in April)
2026 capex raised to US$60.0-64.0B from US$52.0-56.0B
About 70-80% of capex goes to advanced process development

TSM around the story · hourly24 h reaction ▼ 1.27%

Moves this explains

HOOD−9.43%Jul 15 · Robinhood fell 9.43% on 2026-07-16 in a chip-led selloff: INTC -7.71%, MU -7.11%, AMD -6.42%, TSM -4.07%, while the S&P 500 fell 0.72% and QQQ 1.96%. TSMC raised 2026 capex to US$60-64B alongside a higher revenue outlook, and press reports attribute the chip selloff mainly to that spending guidance; crypto names also fell (COIN -4.03%, MSTR -4.85%).INTC−7.71%Jul 15 · Intel fell 7.71% on a day when TSMC beat expectations but raised its 2026 capex to $60-64B, and chip stocks sold off: Robinhood -9.43%, Micron -7.11%, Oracle -7.00%, AMD -6.42%, TSMC -4.07%, while the Nasdaq-100 fell 1.96% and the S&P 500 fell 0.72%. Investors focused on the higher spending plans rather than the revenue beat.

Source

Focus Taiwan (CNA)

Jul 16, 2026

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