---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000797082.md"
description: "TSMC 2nd quarter (Q2) conference on Thursday (7/16), media report expectations:Q2 revenue NT$1.27 trillion (already known, US$ not known)-Net profit seen up 59% to NT$632.6 billion (US$19.6B), 10th straight quarter of growth-Gross margin could exceed 68%-Operating margin seen hitting new high-R&D expense seen hitting record high due to advanced process investmentsQ3 revenue forecast seen +9%-12% vs Q2 in USD terms (some 15% estimates)Full Year-Raise full year revenue to mid-30s% increase from current ‘above 30%’ growth, most bullish scenario sees 40%-Unlikely to raise 2026 capex (some see $58B-$60B) but could discuss plan for next 3-years5-year CAGR forecast 2024-2029:-AI semiconductor revenue CAGR for 2024–2029 seen raised to 70%-80% from mid-to-high 50% nowTSMC Official Q2 Guidance-Revenue US$39.0B to $40.2B-Gross Margin: 65.5% to 67.5% -Operating Margin: 56.5% to 58.5%-Exchange rate forecast NT$31.7 per US dollar.What investors want to know:-Overall AI demand health-CoWoS packaging capacity expansion-N2/N3 ramp and pricing-Is memory shortage hurting demand for logic chips?-Update on global construction projects-Update on advanced processes and packaging (CoPoS, SoIC, etc) R&D-TSMC view on intensified competition from Intel, Samsung-Will TSMC raise prices again in 2027? (5%-10% increase expected)-Gross margin projections for 2026 and 2027-Capex strategy for next 3-years-Semiconductor industry outlookLinks:Source: Dan Nystedt"
datetime: "2026-07-15T07:41:53.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000797082.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000797082.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000797082.md)
author: "[AI Gossip](https://longbridge.com/en/profiles/17581203.md)"
generator: "portal-rs"
---

# TSMC 2nd quarter (Q2) conference on Thursday (7/16…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**