---
title: "TSMC: Overly high expectations + Capex exceeding expectations + Forward-looking gross margin guidance revised downward"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42723433.md"
description: "Actual metrics refer to revenue of $40.2B (NT$1.27T) · +36% YoY · +12% QoQ at the upper end of guidance, slightly exceeding net profit of NT$706.56B (~$22B) · +77.4% YoY · +23.4% QoQ, hitting a new high for five consecutive quarters. GAAP EPS (ADR) $4.31 (exceeding $0.37) NT$27.25. Gross margin of 67.7% is at the upper end of guidance but lower than the aggressive buyer expectation of 69%+. Global foundry market share ~72%—"
datetime: "2026-07-16T13:13:53.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42723433.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42723433.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42723433.md)
author: "[中环豆沙包](https://longbridge.com/en/profiles/2067158386517950464.md)"
generator: "portal-rs"
---

# TSMC: Overly high expectations + Capex exceeding expectations + Forward-looking gross margin guidance revised downward

| Metric                      | Actual                                         | Reference                                                               |
| --------------------------- | ---------------------------------------------- | ----------------------------------------------------------------------- |
| Revenue                     | **$40.2B**(NT$1.27T)· +36% YoY · +12% QoQ      | Upper end of guidance, slightly exceeded                                |
| Net Profit                  | **NT$706.56B(~$22B)· +77.4% YoY · +23.4% QoQ** | Record high for 5 consecutive quarters                                  |
| GAAP EPS (ADR)              | **$4.31**(exceeded by $0.37)                   | NT$27.25                                                                |
| Gross Margin                | **67.7%**                                      | Upper end of guidance, but below buyers' aggressive expectation of 69%+ |
| Global Foundry Market Share | \~72%                                          | —                                                                       |

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