Taiwan Semiconductor Manufacturing Co Ltd

2330: XTAI (TWN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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TSMC Earnings: Lifting Fair Value Estimate as Buoyant Guidance Backed by Voracious AI Demand

Phelix Lee

Jan 15, 2026

Taiwan Semiconductor Manufacturing guided its 2026 USD revenue to grow by 30% and capital expenditure as high as USD 56 billion. Its December quarter revenue topped TWD 1 trillion (USD 33.7 billion), up 6% sequentially. Gross margin grew 287 basis points from the prior quarter to 62.3%.

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Taiwan Semiconductor Manufacturing Co Ltd

TSMC Earnings: Lifting Fair Value Estimate as Buoyant Guidance Backed by Voracious AI Demand

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