---
title: "TSMC's Revenue Acceleration Could Drive More Upside"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299339787.md"
description: "TSMC reported record August revenue of NT$514.8 billion, up 53.3% year-over-year, driven by strong demand for leading-edge AI chips. With YTD growth at 39.3% and the stock trading at ~25x earnings, the author maintains a bullish forecast, arguing the valuation is modest for a critical AI infrastructure provider."
datetime: "2026-09-17T14:58:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299339787.md)
  - [en](https://longbridge.com/en/news/299339787.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299339787.md)
generator: "portal-rs"
---

# TSMC's Revenue Acceleration Could Drive More Upside

TSMC (TSM), or Taiwan Semiconductor Manufacturing Company, saw huge revenue acceleration that could drive more upside. August revenue reached a record NT$514.8 billion (about $16.1 billion), rising 53.3% from the same period last year and 10.1% from July 2026. That followed 44.7% growth in July and lifted year-to-date growth to 39.3%. Second-quarter dollar revenue had already increased 33.7% to $40.2 billion.

CFO Wendell Huang credited "strong demand for our leading-edge process technologies," and the latest figures suggest demand has strengthened further. With the stock near $425, TSM trades at about 25x this year's $16.93 consensus earnings per share (EPS). I think that is too modest for a company manufacturing the artificial intelligence (AI) economy's hardest-to-replace chips. Thus, my TSMC stock forecast remains bullish.

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## Related News & Research

- [TSMC weighs Texas chip expansion beyond its $265 billion Arizona commitment](https://longbridge.com/en/news/300858593.md)
- [TSMC to boost 2nm chip output 20% amid surging AI demand](https://longbridge.com/en/news/300398871.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**