Quick Overview
- Taiwan Semiconductor logged May 2026 revenue of NT$416.98 billion ($13.19 billion), marking a 30.1% increase year-over-year
- Monthly revenue climbed 1.5% compared to April, supported by robust AI chip orders
- Cumulative revenue for the first five months of 2026 reached NT$1.96 trillion, reflecting 30% annual growth
- TSM shares declined approximately 2.2% in Taiwan trading session despite impressive figures
- Company insiders executed net sales totaling $14 million during the previous three-month period
Taiwan Semiconductor Manufacturing (TSM) delivered May 2026 revenue figures of NT$416.98 billion, translating to approximately $13.19 billion. This represents a substantial 30.1% increase compared to the corresponding month in 2025 and reflects a 1.5% sequential gain over April.
Taiwan Semiconductor Manufacturing Company Limited, TSM
The primary catalyst behind these impressive figures remains the surging demand for artificial intelligence processors. TSMC serves as the manufacturing backbone for industry giants including Nvidia and Apple, both of whom are at the forefront of the AI semiconductor revolution.
For the year thus far, TSMC has accumulated NT$1.96 trillion in revenue across the first five months of 2026 — representing a 30.0% surge versus the equivalent period last year.
Interestingly, TSM shares retreated roughly 2.2% during Wednesday’s trading session in Taiwan despite the stellar revenue report. Market observers attribute this decline primarily to profit-taking following an extended period of share price appreciation.
Looking back to April, TSMC had already projected second-quarter revenue ranging from $31.4 billion to $32.4 billion. The May performance keeps the company firmly on pace to meet or exceed that forecast.
Evaluating Current Valuation Metrics
TSMC currently trades at a price-to-earnings multiple of 35.55x, representing a premium relative to its long-term historical average. This elevated valuation reflects market expectations for sustained expansion in the coming years.
According to GuruFocus analysis, TSMC earns an impressive GF Score of 94 out of 100. The semiconductor manufacturer achieves perfect 10/10 ratings in both profitability and growth categories, complemented by a 9/10 score for financial strength. These metrics paint a picture of fundamental excellence.
TSMC controls approximately 70% of the worldwide contract chip manufacturing market. Its customer roster — Apple, Nvidia, AMD — encompasses the most demanding buyers of cutting-edge semiconductor technology.
Recent Insider Trading Activity
One notable development deserves attention: insider selling activity has been evident. Throughout the most recent three-month period, TSMC insiders recorded net dispositions totaling $14 million, with zero insider purchases reported during the same timeframe.
While this doesn’t negate the compelling revenue narrative, it represents a factor that market participants typically monitor carefully.
TSMC maintains a Piotroski F-Score of 8, indicating exceptionally solid financial health. The company’s total market capitalization stands at approximately NT$2.22 trillion, equivalent to roughly $71.5 billion.
Established in 1987, the company has systematically constructed a virtually irreplaceable position within the global semiconductor manufacturing ecosystem.
TSMC’s second-quarter revenue projection of $31.4 billion to $32.4 billion, originally announced in April, was established against a complex backdrop of international trade tensions and tariff uncertainties. The May results suggest these potential obstacles have not materially impacted customer order volumes.
With NT$1.96 trillion booked through the first five months of 2026, TSMC remains squarely on trajectory to deliver another year of exceptional performance.
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