30-day average of 19 articles · scale −100 to +100
Across 19 scored articles from Oct 16 to Nov 14, 2026 (UTC),
the average sentiment of Taiwan Semiconductor Manufacturing Company news is Somewhat Bullish (+42)
on a scale from −100 to +100.
That is down 19 points from the previous 30 days (+61).
💎 TSM posted fiscal 2025 revenue of $115.8B with a 44.6% net margin.
🚀 Wall Street expects TSM revenue to grow 42% in fiscal 2026.
Bullish +65
Dell Technologies vs. Taiwan Semiconductor: Which Technology Stock Is a Better Buy for 2027?
AI-generated analysis
Key insights
📊 Dell Technologies reported fiscal 2026 revenue of $113.5 billion with a net margin of 5.2% and free cash flow of $8.6 billion.
💎 Taiwan Semiconductor Manufacturing Co. achieved fiscal 2025 revenue of $115.8 billion with an exceptional 44.6% net margin and $30.2 billion in free cash flow.
🚀 TSM is expected to see revenue grow 42% and net income increase 63% in fiscal 2026 according to Wall Street consensus estimates.
📈 Dell sales are projected to rise a staggering 51% to $171.3 billion in fiscal 2027, driven by AI server demand.
🏭 TSM's 3-nanometer and 5-nanometer chips underpin AI technologies, ensuring continued beat of estimates as token usage exceeds projections.
🇺🇸 TSM is constructing $165 billion in plants in Arizona to sidestep tariffs and focus on AI research and development.
💰 Dell's management expects more than $60 billion in AI server sales in FY 2027, almost triple the prior year.
📉 The article recommends Dell as the better buy for investors right now due to its forward P/E and P/S ratios pricing it at near-value levels.
📈 Bullish signals
💎Taiwan Semiconductor Manufacturing Co. reported a dominant 44.6% net margin in fiscal 2025, demonstrating a strong position in advanced node production.
💎The company generated approximately $30.2 billion in free cash flow in fiscal 2025, providing ample capital to invest in next-generation silicon facilities.
🚀Wall Street consensus estimates project TSM's net income to leap 63% in fiscal 2026 as AI demand continues to outpace projections.
🇺The construction of $165 billion in plants in Arizona will help the business sidestep tariffs and focus on AI research and development.
📈TSM is uniquely positioned to capture AI acceleration as agentic AI expands silicon demand beyond accelerators to CPUs and networking chips.
📉 Risk factors
📉The company operates in a highly capital-intensive industry that requires constant investment in new production nodes to maintain its technological lead.
Article
The article compares Dell Technologies (NYSE:DELL) and Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) as investment plays on the artificial intelligence hardware boom. It highlights that while Dell provides essential AI-optimized servers and storage solutions, TSM acts as the critical foundry manufacturing advanced chips for global tech giants.
Financial data reveals significant divergence in performance between the two companies. In the fiscal year ended Jan. 30, 2026, Dell reported revenue of $113.5 billion with a net margin of 5.2% and free cash flow of $8.6 billion. Conversely, TSM achieved revenue of $115.8 billion in the fiscal year ended Dec. 31, 2025, boasting a dominant 44.6% net margin and $30.2 billion in free cash flow.
Analyst consensus estimates project substantial growth for both entities driven by AI demand. Wall Street expects TSM's revenue to rise 42% and net income to leap 63% in fiscal 2026, supported by its 3nm and 5nm chip production capabilities. Dell is forecasted to see sales surge 51% to $171.3 billion in fiscal 2027, with AI server sales alone projected to exceed $60 billion.
The article concludes that while both stocks are strong AI-driven growers, Dell appears the better buy for investors currently due to its lower valuation metrics, specifically a forward P/E and price-to-sales ratio that prices it near value levels compared to TSM.
Sector and industry come from company profile data. Sentiment is the AI score of the news articles on this page, averaged per day. Not investment advice.
Taiwan Semiconductor Manufacturing (TSM) has gained renewed attention following MediaTek's selection of TSMC's 2-nanometer process for the Dimensity 9600 Pro chip, while retaining its 3nm technology for the broader 9600M line. This strategic win highlights TSMC's continued technological supremacy and monopoly status in advanced node fabrication, driven by decades of accumulated knowledge that remains largely irreproducible by competitors.
Despite a strong year-to-date share price increase of 34.62% and a one-year total shareholder return of 61.47%, TSMC stock has cooled over the past 90 days, dropping 6.89% to trade around $430.26. Valuation models suggest the stock is currently trading at a premium to its fair value estimate of $378.29, implying it may be roughly 14% overvalued based on discounted cash flow analysis that incorporates a higher discount rate to reflect permanent geopolitical risks.
The article presents a mixed outlook for TSMC, noting that while the company trades at a lower P/E ratio of 28.4x compared to wider semiconductor peers and a fair value anchor of 43.3x, suggesting a potential quality premium, significant headwinds remain. Key risks include rising competition from rival foundries targeting leading nodes and persistent geopolitical tensions surrounding Taiwan, which could impact long-term cash flow assumptions used in intrinsic value calculations.
📈 Shares rose 61.47% over one year but pulled back 6.89% recently.
💰 DCF models suggest current price is roughly 14% overvalued at $378.29 fair value.
📉 TSMC trades at 28.4x P/E, lower than peers indicating a quality premium.
⚠️ Risks include Taiwan geopolitical tensions and rising competition from rival foundries.
📱 MediaTek selected TSMC's 2nm process for the Dimensity 9600 Pro, reinforcing TSMC's technological dominance and monopoly position in advanced node manufacturing.
📈 TSMC shares are up 34.62% year-to-date with a 61.47% one-year total shareholder return, though the stock has pulled back 6.89% over the last 90 days to $430.26.
💰 Valuation models peg TSMC's fair value at $378.29, suggesting the current price represents a mid-teens premium or roughly 14% overvaluation based on discounted cash flow analysis.
📉 The stock trades at a 28.4x P/E ratio, which is lower than wider semiconductor peers (44.8x) and closer competitors (57.6x), indicating a potential quality premium not fully priced in.
⚠️ Significant risks include permanent geopolitical tensions around Taiwan and rising competition from rival foundries targeting leading technology nodes.
📊 Analyst assumptions for the overvaluation narrative include a 50% profit margin, above-30% revenue growth inputs, and a future P/E anchor of 20x.
Bullish Signals
MediaTek chose TSMC's 2nm process for Dimensity 9600 Pro chip.
Decades of atomic-scale mastery built an irreproducible competitive advantage.
Risk Factors
Stock trades ~14% above fair value of $378.29.
Geopolitical risks cap valuation multiples via higher discount rates.
Bullish Signals
MediaTek chose TSMC's 2nm process for the new Dimensity 9600 Pro chip, validating its technological supremacy and monopoly status in advanced fabrication.
The company has built an essentially irreproducible competitive advantage through decades of perfecting atomic-scale manipulation and cumulative fabrication knowledge.
Risk Factors
Valuation models indicate TSMC is trading at a premium to its fair value estimate of $378.29, implying the stock could be roughly 14% overvalued at current levels.
Permanent geopolitical risk surrounding Taiwan necessitates a higher discount rate in cash flow models, creating a structural ceiling on valuation multiples.
GlobalFoundries (GFS) and Taiwan Semiconductor Manufacturing Company (TSMC) presented contrasting business models following recent quarterly results. While TSMC reported a massive 36% year-over-year revenue surge driven by leading-edge AI silicon, GlobalFoundries grew revenue by 5.8%, with its data-center specialty segment jumping 62%. The article highlights that GFS posted $1.786 billion in Q2 2026 revenue, significantly outpacing TSMC on a percentage basis within specific niche segments despite the market dominance of the Taiwanese giant.
The two companies are diverging sharply regarding capital expenditure and geopolitical strategy. TSMC has committed $265 billion to Arizona and faces annual capex exceeding $60 billion, with overseas fabs expected to dilute gross margins by 3 to 4 percentage points. In contrast, GlobalFoundries slashed its spending from $3 billion in 2022 to just $722 million in 2025. CEO Tim Breen noted that GFS can expand photonics capacity tenfold within existing facilities, offering a lower-cost alternative for customers seeking to mitigate Taiwan-based geopolitical risks.
Valuation and future catalysts further differentiate the two foundries. GlobalFoundries trades at a forward P/E of 17 compared to TSMC's 20, with GFS shares down nearly 20% in a month while TSMC approaches record highs. Key near-term catalysts for GFS include doubling silicon-photonics revenue in 2026 and converting a $375 million quantum grant into manufacturing revenue. Conversely, TSMC faces margin pressure from its 2nm ramp and potential softness in AI orders given its significant one-year stock run.
📈 TSMC Q2 revenue hit $40.2B with 67.7% gross margin driven by HPC.
⚡ TSMC raised full-year growth guidance to above 40% on 36% revenue surge.
🌍 TSMC serves as a geopolitical hedge for customers avoiding Taiwan supply risks.
📉 TSMC trades at forward P/E of 20 versus GlobalFoundries' 17.
📈 GlobalFoundries Q2 2026 revenue reached $1.786 billion, with the Communications Infrastructure and Datacenter segment specifically jumping 62%.
🚀 CEO Tim Breen stated that silicon-photonics revenue for GlobalFoundries should more than double in 2026 following seven optical-networking design wins.
💰 TSMC reported Q2 revenue of $40.20 billion with a gross margin of 67.7%, driven by HPC accounting for 66% of total revenue.
🏗️ GlobalFoundries slashed annual capex from $3.06 billion in 2022 to $722 million in 2025, contrasting with TSMC's massive spending commitments.
🌍 GlobalFoundries is positioning itself as a geopolitical hedge for customers seeking to mitigate Taiwan-based supply chain risks.
📉 GlobalFoundries shares dropped nearly 20% in the past month while trading at a forward P/E of 17 versus TSMC's 20.
⚡ TSMC raised its full-year growth guidance to slightly above 40% following a 36% year-over-year revenue surge.
🔬 GlobalFoundries silicon germanium capacity is already oversubscribed through 2027, providing immediate AI exposure without leading-edge capital risk.
📉 TSMC's 2nm commercial debut contributed 3% of wafer revenue but is guided to dilute Q3 gross margin by 3 to 4 percentage points.
🏭 GlobalFoundries plans to 10x its photonics capacity within existing facilities on a global basis without new massive fab builds.
Bullish Signals
Raised full-year growth guidance to slightly above 40%.
Achieved 67.7% gross margin in Q2.
Leading-edge 2nm chips contributed 3% of wafer revenue.
HPC accounted for 66% of Q2 revenue.
Secured $265 billion commitment from Arizona.
Risk Factors
Overseas fabs dilute gross margin by 3-4 percentage points.
2nm ramp dilutes Q3 gross margin by 3-4 percentage points.
Taiwan Semiconductor Manufacturing (TSM) is highlighted as a compelling investment driven by its monopoly-like position in advanced packaging, specifically the CoWoS bottleneck essential for AI accelerators. The company's Q2 2026 financial performance reflects this pricing power, with revenue surging 36% year-over-year to $40.2 billion and gross margins expanding to 67.7%. Management explicitly noted that their packaging capacity is so constrained it limits customer growth, confirming the severity of the supply bottleneck.
TSMC continues to dominate the high-end logic market, with advanced nodes (7nm and below) accounting for 77% of wafer revenue. The company successfully debuted its 2nm process in its first commercial quarter, though management warned this ramp will temporarily dilute Q3 gross margins by 3-4 percentage points. Despite these near-term costs, the firm raised its full-year 2026 growth guidance to slightly above 40% year-over-year and projects a long-term revenue CAGR approaching 25% through 2029.
The stock trades at a forward P/E of 20 with a PEG ratio under 1, presenting an attractive valuation relative to peers like NVIDIA and Intel. TSMC holds $110 billion in cash and marketable securities and has committed significant capital to geographic diversification, including a $265 billion total investment in Arizona to mitigate geopolitical risks. Analysts view the company as the irreplaceable infrastructure toll road for the AI build-out, with expectations of continued increasing cash dividends starting in 2027.
📈 Q2 revenue surged 36% YoY to $40.2B driven by CoWoS pricing power.
As of September 15, 2026, Taiwan Semiconductor Manufacturing Company Ltd. (TSM) trades at $418.01, with analysts projecting a fair value of $536.00, representing a potential upside of 28.2%. The stock currently exhibits neutral technical indicators with an RSI of 55 and is trading slightly below its 50-day moving average of $418.61.
Fundamental performance for TSM remains robust, with current year revenue growth estimated at +43.00% and next year projected at +34.00%, driven by strong demand for advanced semiconductors. The company has a demonstrated track record of beating analyst earnings per share (EPS) expectations, most recently exceeding them by 10.8% in the quarter ending June 2026.
Insider activity reflects positive sentiment toward TSM's future prospects, with net insider purchases totaling $346.4K recorded recently. Long-term simulations suggest significant growth potential, with a base case projection of a $10,000 investment growing to approximately $43,553 by 2036, though these are statistical outcomes rather than guarantees.
📈 TSM trades at $418 with $536 consensus target (28.2% upside).
🚀 Revenue estimated +43% this year and +34% next year.
💰 Exceeded EPS expectations by 10.8% in quarter to June 2026.
🤝 Insiders made net purchases totaling $346.4K.
🔮 Monte Carlo projects base case price near $753 by 2030.
📈 TSM trades at $418.01 with a Wall Street consensus target of $536.00, implying 28.2% upside potential.
🚀 Revenue growth is estimated at +43.00% for the current year and +34.00% for next year due to advanced semiconductor demand.
💰 TSM exceeded analyst EPS expectations by 10.8% in the quarter to June 2026, highlighting operational strength.
🤝 Insiders have made net purchases totaling $346.4K, signaling confidence in the company's future.
📉 The stock is trading below its 50-day and 20-day moving averages, suggesting a period of consolidation.
🔮 Monte Carlo simulations project a base case price near $753 by 2030, representing an 1.8x return over four years.
Bullish Signals
Trades at $418.01 vs $536.00 fair value (28.2% upside).
Revenue growth estimated +43.00% this year, +34.00% next.
Beat EPS expectations by 10.8% in Q2 2026.
Insiders net purchased $346.4K, signaling confidence.
Risk Factors
Stock trades below 50-day and 20-day moving averages.
Bullish Signals
TSM trades at $418.01 with a consensus fair value of $536.00, indicating a 28.2% upside potential according to CleaRank Financial AI.
Revenue growth is estimated at +43.00% for the current year and +34.00% for next year, driven by strong demand for advanced semiconductors.
The company recently exceeded analyst EPS expectations by 10.8% in the quarter to June 2026, demonstrating consistent operational strength.
Insiders have made net purchases totaling $346.4K, indicating positive sentiment and belief in the company's future prospects.
Risk Factors
The stock is currently trading below its 50-day and 20-day moving averages, which may indicate temporary consolidation or a need for further price discovery.
Taiwan Semiconductor Manufacturing Company (TSMC) has significantly widened its lead over rivals in the global foundry market, with its market share climbing to 72.5% in the second quarter according to TrendForce data. This growth occurred while the company operated its advanced 3-nanometer and 5-nanometer production lines at full capacity specifically for high-demand AI server chips, demonstrating robust operational execution.
TSMC's foundry sales surged to nearly $40.2 billion in the quarter, representing a 12.1% sequential increase driven largely by early inventory building for iPhones. While competitors like Samsung Electronics saw their market share slip and China-based SMIC grew from below, TSMC extended its dominance without needing rivals to stumble, effectively pulling away as the industry leader.
Despite record-breaking industry revenue and strong operational metrics, TSMC's stock price recently dipped slightly, though analysts maintain a consensus Strong Buy rating with an average 12-month price target of $552.38, implying significant upside. The company is further bolstered by its massive $265 billion investment in Arizona manufacturing, which positions it uniquely to benefit from potential new U.S. semiconductor tariffs that would exempt domestic production.
📈 TSMC global foundry market share rose to 72.5% driven by AI chip demand.
💰 Foundry sales hit $40.2B with strong iPhone inventory buildup support.
🏆 Lead over Samsung widened as competitors struggled with yield improvements.
🇺🇸 Arizona buildout creates tariff-exempt policy moat for domestic manufacturing.
📈 TSMC's global foundry market share increased to 72.5% in the second quarter, up from 72.3% previously, driven by full capacity utilization of advanced 3nm and 5nm lines for AI chips.
💰 Foundry sales reached nearly $40.2 billion, a 12.1% sequential rise supported by early iPhone inventory buildup and strong demand.
🏆 The gap between TSMC and its nearest rival, Samsung Electronics, widened to 66.6 percentage points as the leader continued building while competitors struggled with yield improvements.
🇺🇸 TSMC's $265 billion Arizona buildout places it on the right side of potential new U.S. semiconductor tariffs that exempt domestic manufacturing, creating a policy-backed moat.
📉 Despite record revenue and market dominance, shares closed down 1.68% as investors weighed near-term spending concerns against long-term growth prospects.
🔭 Analysts maintain a consensus Strong Buy rating with an average 12-month price target of $552.38, suggesting over 25% upside from current levels.
The Taiwan government announced a major initiative to expand semiconductor research infrastructure and develop homegrown chip-design software through 2033. The Executive Yuan plans to invest NT$300 billion (US$9.51 billion) in next-generation chip design, advanced processes, and talent cultivation to maintain the nation's technological edge.
Two key projects under the Taiwan Chip-based Industrial Innovation Program will run from 2024 to 2028. These include subsidizing seven university semiconductor institutes for equipment linked via a single service platform and establishing an atomic-scale process verification line for sub-1-nanometer processes at National Institutes of Applied Research.
Taiwan Semiconductor Manufacturing Co (TSMC) is highlighted as having already begun high-volume production using its 2-nanometer process in the fourth quarter of last year, marking the most advanced semiconductor process currently in mass production. The government aims to leverage this ecosystem while developing independent electronic design automation (EDA) tools.
Under the software initiative, universities will develop key EDA tools for advanced packaging, while the Industrial Technology Research Institute (ITRI) will build an intelligent EDA cloud platform. This effort seeks to integrate industry and research tools into a complete chip-design toolchain, addressing areas where international dominance is currently strong but emerging opportunities exist.
The broader plan also includes support for SMEs to adopt digital technologies and AI, aiming to help at least 1 million small businesses integrate these advancements. While the article discusses defense spending and F-16 jet deliveries, the core financial and strategic focus remains on TSMC's role within the expanding national semiconductor ecosystem.
🚀 TSMC launched high-volume 2-nanometer production last quarter.
🏭 Taiwan invests NT$300B in semiconductor R&D infrastructure through 2033.
💻 Government aims to develop independent EDA tools for advanced packaging.
🔬 Seven university institutes receive subsidies for advanced manufacturing equipment.
⚛️ National Institutes will build atomic-scale verification lines for sub-1nm processes.
📈 The Taiwan government plans to invest NT$300 billion (US$9.51 billion) through 2033 in semiconductor research infrastructure and homegrown chip-design software.
🔬 Two projects under the Taiwan Chip-based Industrial Innovation Program will focus on research infrastructure and EDA tools from 2024 to 2028.
🏭 Seven university semiconductor institutes will receive subsidies for equipment linked through a single service platform to support advanced manufacturing.
⚛️ An atomic-scale process verification line for sub-1-nanometer processes will be established by the National Institutes of Applied Research.
💻 The government aims to enhance independent development of electronic design automation (EDA) tools, traditionally held by international companies.
🤝 Universities will develop key EDA tools for advanced packaging while ITRI builds an intelligent EDA cloud platform.
🚀 TSMC has already begun high-volume production using its 2-nanometer process in the fourth quarter of last year.
🛠️ The Industrial Technology Research Institute (ITRI) will build a pilot line for start-ups and SMEs needing low-volume, high-mix trial production.
🎓 Premier Cho Jung-tai emphasized the need to continue investing in advanced technology R&D and cultivating high-level talent.
🌐 The initiative seeks to consolidate advantages in the chip industry by developing tools for emerging areas like advanced packaging.
The Taiwan government announced a major initiative to expand semiconductor research infrastructure and develop homegrown chip-design software through 2033. Cabinet spokesperson Michelle Lee stated that NT $300 billion (US$9.51 billion) will be invested in next-generation chip design and advanced processes to maintain the nation's technological edge. This strategic push aims to consolidate advantages in the global chip industry by cultivating high-level talent and investing in advanced technology research and development.
Under the hardware component of this program, seven university semiconductor institutes will receive subsidies for equipment linked through a single service platform. Additionally, research institutes under the National Institutes of Applied Research plan to establish an atomic-scale process verification line for sub-1-nanometer processes. Taiwan Semiconductor Manufacturing Co. (TSMC) is noted as having begun high-volume production using its 2-nanometer process in the fourth quarter of 2025, highlighting the industry's current advanced capabilities.
On the software front, the government aims to strengthen independent development of electronic design automation (EDA) tools, which are traditionally dominated by international companies. The Industrial Technology Research Institute (ITRI) will build an intelligent EDA cloud platform and integrate tools from industry and research institutions into a complete chip-design toolchain. This effort specifically targets emerging areas like advanced packaging where EDA tools remain underdeveloped, presenting a significant opportunity for local innovation.
The initiative also includes support for startups and SMEs through an advanced semiconductor pilot line for low-volume, high-mix trial production. While the article discusses broader government support for SMEs adopting digital technologies and AI, the core focus remains on enhancing Taiwan's semiconductor ecosystem to ensure long-term competitiveness in chip manufacturing and design.
🏛️ Taiwan Cabinet invests NT$300B in chip design and processes through 2033.
🔬 Seven university institutes receive subsidies via new industrial innovation platform.
⚛️ Atomic-scale verification line established for sub-1-nanometer semiconductor processes.
🏭 TSMC begins high-volume production of 2-nm process in Q4 2025.
💻 Government develops homegrown EDA tools to reduce international vendor reliance.
🏛️ The Taiwanese Cabinet plans to invest NT $300 billion (US$9.51 billion) through 2033 in next-generation chip design and advanced semiconductor processes.
🔬 Seven university semiconductor institutes will receive subsidies for equipment linked via a single service platform under the Taiwan Chip-based Industrial Innovation Program.
⚛️ Research institutes plan to establish an atomic-scale process verification line specifically for sub-1-nanometer semiconductor processes.
🏭 TSMC has begun high-volume production using its 2-nanometer process in the fourth quarter of 2025, marking a milestone in advanced manufacturing.
💻 The government aims to develop homegrown electronic design automation (EDA) tools to reduce reliance on international vendors for chip layout and verification.
☁️ ITRI will build an intelligent EDA cloud platform to integrate industry-developed tools into a complete chip-design toolchain.
🚀 An advanced semiconductor pilot line is being built for startups and SMEs to support low-volume, high-mix trial production needs.
🎯 The initiative targets emerging areas like advanced packaging where EDA tools are currently underdeveloped, creating new market opportunities.
🤝 Universities will develop key EDA tools for advanced packaging while industry partners contribute to the broader toolchain ecosystem.
Bullish Signals
2nm process high-volume production started Q4 2025.
NT$300B government investment supports ecosystem through 2033.
Atomic-scale line supports sub-1nm roadmap advancement.
Pilot line aids low-volume high-mix innovation.
Bullish Signals
Taiwan Semiconductor Manufacturing Co. (TSMC) has successfully begun high-volume production using its 2-nanometer process in the fourth quarter of 2025, demonstrating leadership in advanced semiconductor manufacturing.
The government's NT $300 billion investment through 2033 will directly support TSMC's ecosystem by funding research infrastructure and next-generation chip design capabilities.
ITRI's development of an intelligent EDA cloud platform and integration of industry tools will strengthen the local supply chain, reducing dependency on foreign EDA vendors for TSMC's design needs.
The establishment of an atomic-scale process verification line for sub-1-nanometer processes provides critical infrastructure that supports TSMC's roadmap toward even more advanced nodes.
The creation of a pilot line for low-volume, high-mix trial production offers a flexible testing environment that benefits TSMC's innovation and customer development cycles.
Taiwan Semiconductor Manufacturing (TSM) reported consolidated net revenue of $16.35 billion for August 2026, representing a 53.3% year-over-year surge that significantly exceeded its own full-year guidance of approximately 40%. This acceleration continued a strong trend from the second quarter, where revenue grew 36% year over year, and through August, total revenue for the first nine months rose 39.3% compared to the same period last year.
Management highlighted that while demand is accelerating rapidly, supply constraints remain severe, particularly in packaging capacity which they describe as 'so tight' that it is currently constraining customer growth. The company noted a 'very big gap' between unconstrained demand and available supply, necessitating significant capital expansion with 20 fabs under construction simultaneously to meet the surging requirements of advanced nodes.
Financial performance indicates strong pricing power alongside volume growth, as Q2 operating income increased 65% and net income jumped 77%, both outpacing revenue growth. The mix shifted heavily toward high-margin advanced nodes, with 7nm and below accounting for 77% of wafer revenue in the second quarter, while high-performance computing (HPC) made up 66% of total Q2 revenue.
Looking forward, TSMC maintains a 'very high' conviction in the multi-year AI cycle extending through 2030 and has lifted its 2026 capital budget to $64 billion. The company provided Q3 revenue guidance between $44.6 billion and $45.8 billion, with August's run rate suggesting the top end of this range is achievable despite ongoing capacity constraints.
🚀 HPC segment grew 20% QoQ, comprising 66% of total Q2 revenue.
📈 TSM posted August 2026 consolidated net revenue of $16.35 billion, a 53.3% year-over-year increase that outpaces its full-year guidance.
💰 Q2 operating income grew 65% and net income rose 77%, signaling compounding pricing power alongside volume expansion.
🏭 Management stated packaging capacity is 'so tight' it is constraining customers, creating a 'very big gap' in supply versus demand.
🔬 Advanced nodes at 7nm and below accounted for 77% of Q2 wafer revenue, with 3nm contributing 30% and 5nm contributing 33%.
🚀 HPC segment grew 20% quarter-over-quarter in Q2 and comprised 66% of total revenue for the period.
💸 TSMC lifted its 2026 capital budget to $64 billion, including a disclosed $265 billion planned investment in Arizona.
📅 The company expects strong demand from the current day through 2029-2030 based on management's conviction in the AI cycle.
💵 TSMC holds $110 billion in cash and marketable securities, providing ample liquidity to fund its aggressive buildout.
📉 Shares are up 42.35% year-to-date and 73.39% over one year as of the September 10, 2026 reference date.
🎯 Q3 revenue guidance is set at $44.6 billion to $45.8 billion, with August's performance suggesting the top end is in play.
Bullish Signals
Revenue surged 53.3% to $16.35B, beating guidance.
Operating income grew 65%, showing strong pricing power.
High-margin advanced nodes now account for 77% of revenue.
Management sees AI demand extending through 2030.
Lifted 2026 capex to $64B with $110B cash.
Risk Factors
Packaging capacity is tight, constraining customer growth.
Production capacity cannot keep up with surging orders.
Bullish Signals
TSM posted August 2026 consolidated net revenue of $16.35 billion, a 53.3% year-over-year surge that significantly outpaces its own full-year guidance of approximately 40%.
Q2 operating income grew 65% and net income rose 77%, both metrics outpacing revenue growth to demonstrate strong pricing power in the current market environment.
The company's mix shifted heavily toward high-margin advanced nodes, with 7nm and below accounting for 77% of Q2 wafer revenue and HPC comprising 66% of total Q2 revenue.
Management maintains 'very high' conviction in the multi-year AI cycle extending through 2030, expecting strong demand to continue from this day forward.
TSMC lifted its 2026 capital budget to $64 billion and disclosed a massive $265 billion planned investment in Arizona, validating the real demand behind the spend.
With $110 billion in cash and marketable securities at quarter end, TSMC can fund its aggressive buildout without straining its balance sheet.
Risk Factors
Management stated that packaging capacity is 'so tight' it is currently constraining customer growth, describing the gap between unconstrained demand and available supply as 'very big'.
Roughly 20 fabs are being worked on simultaneously at about 5x the historical pace, indicating that current production capacity cannot keep up with the surging order book.
Diamond Hill Capital's International Fund reported a 7.76% return in Q2 2026, underperforming its benchmark but driven by stock selection in health care and consumer discretionary sectors. The fund highlighted Taiwan Semiconductor Manufacturing Company (TSM) as a notable contributor to performance, noting that international equities advanced significantly due to AI-related semiconductor demand, with Taiwan outperforming other regions.
On September 4, 2026, TSM shares closed at $428.91, reflecting a 2.49% gain over the past month and a substantial 73.51% increase over the last 52 weeks. The company holds a market capitalization of $1.97 trillion and is recognized as the world's largest dedicated chip foundry with approximately 70% market share in advanced semiconductor manufacturing.
According to the fund's Q2 2026 investor letter, TSM shares outperformed following an announcement of strong demand for its manufacturing services. This positive sentiment was driven by increased revenue outlooks specifically linked to AI and high-performance computing chips, positioning TSM as a key beneficiary of the current technological infrastructure boom.
📈 Diamond Hill Capital Fund credited TSM for Q2 2026 performance gains.
🚀 TSM shares rose 73.51% over 52 weeks to $428.91 on Sept 4, 2026.
💼 TSM holds a $1.97T market cap with ~70% global foundry share.
📊 Strong AI and HPC chip demand drove recent TSM stock outperformance.
🏦 Hedge fund holdings rose to 249 portfolios in Q2 2026 from 234.
📈 Diamond Hill Capital's International Fund identified Taiwan Semiconductor Manufacturing Company (TSM) as a notable contributor to its Q2 2026 performance.
🚀 TSM shares gained 73.51% over the past 52 weeks, closing at $428.91 per share on September 4, 2026.
💼 The company holds a market capitalization of $1.97 trillion and maintains approximately 70% market share as the world's largest dedicated chip foundry.
📊 TSM shares outperformed after announcing strong demand for semiconductor manufacturing services driven by AI and high-performance computing chips.
🔍 The company is ranked 6th on a list of 40 most popular stocks among hedge funds heading into 2026.
🏦 As of Q2 2026, 249 hedge fund portfolios held TSM shares, an increase from the previous quarter's 234 holdings.
Bullish Signals
Shares outperformed on strong semiconductor demand and raised revenue outlook.
Bullish Signals
Shares outperformed after the company announced strong demand for its semiconductor manufacturing services and increased its revenue outlook.
The company is benefiting significantly from surging demand for AI and high-performance computing chips, driving positive investor sentiment.
TSM holds approximately 70% market share as the world's largest dedicated chip foundry with advanced manufacturing capabilities.
TSMC (NYSE: TSM) is trading at $426.62 ahead of its Q2 2026 earnings release scheduled for July 16, supported by robust revenue growth. The company reported June 2026 revenue of NT$442.68 billion, a 67.9% year-over-year increase, bringing the first-half 2026 total to NT$2,404.48 billion, up 35.6% from the prior year. Analysts expect Q2 full earnings revenue between $39.5 and $40.2 billion with EPS of $3.83, representing a 55% year-over-year increase.
Market focus for the upcoming earnings call centers on gross margins amid high-cost capacity expansion in Arizona, where operating costs are initially higher than in Taiwan. Key variables include Q3 growth guidance relative to a full-year target of over 30% growth, capital expenditure trajectories which signal management's view on AI demand through 2027-2028, and progress on advanced N2 and CoWoS production ramps for customers like Nvidia, Apple, and AMD.
Technical indicators show the stock trading above a trendline at $422.87 with neutral RSI at 44, facing resistance at $437.98. Investors are weighing whether AI-driven momentum can sustain the stock's 52% year-to-date gain despite a recent 10% pullback from highs. The company maintains a 73% market share in advanced foundry demand for Q1 2026, and updates on CoWoS capacity will be critical for determining H2 2026 shipment potential.
📅 Q2 2026 earnings release scheduled for July 16 at 2:00 PM Taiwan time.
💰 Analysts forecast Q2 revenue of $39.5-$40.2B with EPS up 55%.
🏭 Arizona facility ramp-up pressures gross margins due to higher initial costs.
🚀 N2 process volume production ramps for Apple, Nvidia, and AMD customers.
📈 TSMC reported June 2026 revenue of NT$442.68 billion, up 67.9% year-over-year, contributing to a first-half total of NT$2,404.48 billion (35.6% YoY growth).
📅 The company is scheduled to release full Q2 2026 earnings results at 2:00 PM Taiwan time on Thursday, July 16.
💰 Analysts expect Q2 revenue between $39.5 and $40.2 billion with EPS of $3.83, up 55% from the prior year.
🏭 TSMC faces scrutiny on gross margins as it ramps up new Arizona facilities which have higher initial operating costs compared to Taiwan plants.
🚀 The company has begun volume production ramp for the N2 2-nanometer process for major customers including Apple, Nvidia, and AMD.
📉 Technical analysis shows TSMC trading at $426.62 with resistance at $437.98 and support near $418.95 ahead of earnings.
⚙️ CoWoS advanced packaging capacity remains a critical bottleneck, with demand exceeding supply since 2024 for AI processors.
📊 TSMC holds a 73% market share in advanced foundry demand for Q1 2026, reinforcing its position as the global leader.
💸 Management will address capital expenditure levels which range from $38 billion to $42 billion annually to signal AI infrastructure outlook.
📈 CEO C.C. Wei may discuss potential price increases for advanced nodes in 2027 to boost gross margins.
Bullish Signals
Revenue surged 67.9% YoY to NT$442.68B in June.
Holds 73% advanced foundry market share for Q1 2026.
Analysts project Q2 EPS of $3.83, up 55% YoY.
Stock gained 52% YTD while trading above 200-period EMA.
N2 process volume production ramps successfully for major clients.
Risk Factors
Arizona facility ramp-up pressures gross margins due to high costs.
Stock down ~10% from $474.71 high, trading at $426.62.
Taiwan Semiconductor Manufacturing (TSM) delivered robust Q2 2026 financial results with revenue reaching $40.20 billion, a 36% year-over-year increase, and gross margins expanding to 67.7%. Despite these strong fundamentals and significant earnings growth of 77.4%, the stock trades at a forward P/E of roughly 24x, which is notably lower than its major customers like NVIDIA and AMD.
Analysts and market models project TSM shares could reach $534 to $614 by 2027 based on current momentum, though a more aggressive target of $650 requires specific catalysts. Achieving this higher price point depends on the successful ramp-up of 2nm technology without margin erosion, sustained capital expenditure from hyperscalers, and flawless execution of expansion projects in Arizona and Japan.
The primary risks to TSM's growth trajectory include potential demand softening if AI spending normalizes faster than expected, geopolitical tensions involving the Taiwan Strait, and the dilutive impact of new process node introductions. Wall Street consensus remains overwhelmingly bullish with 18 out of 19 analysts rating the stock as Buy or Strong Buy, citing a significant valuation gap relative to peers.
Management maintains high conviction in the multi-year AI megatrend, supported by a projected long-term revenue CAGR of 25% through 2029. However, reaching the $650 target necessitates a forward P/E multiple expansion into the high 30s, implying that current earnings power alone may not be sufficient without additional valuation re-rating or sustained market share gains.
📈 Q2 2026 revenue hit $40.2B with 36% YoY growth and 67.7% gross margins.
💰 Trades at ~24x forward P/E, discounting peers NVIDIA and AMD despite enabling their AI chips.
🚀 Analyst consensus target price is $554.45, implying 35.2% upside from current levels.
⚠️ 2nm node ramp expected to dilute gross margins by 3 to 4 percentage points.
🏗️ Capex projected between $60B and $64B for 2026, including $100B Arizona investment.
📈 TSM reported Q2 2026 revenue of $40.20 billion with a 36% year-over-year increase and gross margins hitting 67.7%.
💰 The stock trades at a forward P/E of approximately 24x, significantly discounting its peers NVIDIA and AMD despite enabling their AI chips.
🚀 Analyst consensus target price is $554.45, implying 35.2% upside from the current trading level of roughly $410.
⚠️ The 2nm process node ramp is expected to dilute gross margins by 3 to 4 percentage points in the near term.
🏗️ Capex for 2026 is projected between $60 billion and $64 billion, including a major $100 billion investment in Arizona.
🌍 Geopolitical risk regarding the Taiwan Strait remains a critical factor that could derail the company's expansion plans.
📉 The stock has underperformed recently with a 4.84% drop over the past week despite a 77.93% one-year return.
🔮 A bull case scenario targeting $650 by 2027 requires successful margin recovery and sustained hyperscaler capital expenditure.
📊 Of 19 analysts covering TSM, only one holds a Hold rating while none rate it as a Sell.
🎯 Management projects a long-term revenue CAGR of 25% from 2024 to 2029, supporting the AI megatrend thesis.
Bullish Signals
TSM delivered exceptional Q2 2026 results with $40.20 billion in revenue and a 36% year-over-year growth rate.
Gross margins expanded to 67.7%, demonstrating strong pricing power and operational efficiency despite high-volume production.
Wall Street consensus is overwhelmingly bullish, with 18 out of 19 analysts rating the stock as Buy or Strong Buy.
The company acts as the essential operating system for major AI chipmakers like NVIDIA, AMD, and Apple, securing a dominant market position.
Management maintains very high conviction in the multi-year AI megatrend with a projected 25% revenue CAGR through 2029.
The stock trades at a significant valuation discount to its customers, creating a potential bull case for multiple expansion.
Risk Factors
The introduction of the 2nm process node is expected to dilute gross margins by approximately 3 to 4 percentage points in coming quarters.
Geopolitical tensions involving the Taiwan Strait pose a severe existential risk that could derail expansion and operations.
There is a risk of a demand air pocket in 2027 if hyperscaler AI capex normalizes faster than management expects.
The stock recently experienced a short-term pullback, dropping 4.84% over the past week despite strong long-term performance.
Taiwan Semiconductor Manufacturing Co.'s (TSM) Arizona operations are projected to see a significant profit surge in 2026, driven by robust demand for advanced AI chips. The facility generated approximately NT$36.1 billion ($1.13 billion) in cumulative profit during the first half of 2026, a substantial increase from the NT$16.1 billion ($504.6 million) recorded for the entire year of 2025. This performance was bolstered by strong customer orders and improved supply-chain coordination.
TSMC is accelerating its U.S. expansion with the third wafer fab in Arizona beginning construction in May, targeting mass production around 2028 for 2nm and A16 technologies. The second fab, designed for 3nm production, is expected to receive equipment in the second half of 2026 with mass production starting later that year. Chairman CC Wei has committed an additional $100 billion to U.S. investment, raising the total planned Arizona commitment to $265 billion.
The company reported consolidated revenue of approximately NT$467.58 billion in July, representing a 44.7% year-over-year increase and a 5.6% rise from June. Advanced node demand remains strong, with 3nm accounting for 30% of wafer revenue and 2nm contributing 3% in the second quarter. While shares dipped slightly recently, analysts maintain positive long-term ratings based on quality metrics and growth momentum.
📈 TSMC's Arizona operations generated NT$36.1 billion ($1.13 billion) in cumulative profit for the first half of 2026, doubling the full-year 2025 figure.
🏭 Construction on the third Arizona wafer fab began in May, with mass production expected around 2028 for advanced 2nm and A16 chips.
💰 Chairman CC Wei confirmed an additional $100 billion investment in U.S. operations, bringing total Arizona commitment to $265 billion.
📊 Consolidated revenue reached NT$467.58 billion in July, marking a 44.7% increase from the same period last year.
🔬 Advanced node demand is strong, with 3nm technology contributing 30% of wafer revenue in the second quarter.
🌍 The Arizona expansion provides customers with a geographically diversified production base to mitigate geopolitical and supply-chain risks.
📉 Shares closed at $426.35 on Friday, down 0.96%, followed by a slight decline in after-hours trading.
🏆 TSMC ranks in the 97th percentile for quality according to Benzinga Edge Rankings with positive price-trend ratings across all timeframes.
Bullish Signals
Arizona profit hit NT$36.1B in H1 2026.
Third Arizona fab accelerates to 2028 mass production.
Revenue surged 44.7% YoY to NT$467.58B in July.
Advanced nodes drive robust demand with 3nm at 30%.
Secured $265B Arizona commitment for AI chip demand.
Risk Factors
Arizona fab equipment delayed until H2 2026, mass production to H2 2027.
Bullish Signals
Arizona operations posted NT$36.1 billion ($1.13 billion) in cumulative profit for H1 2026, significantly outpacing the full-year 2025 total of NT$16.1 billion.
The third Arizona fab is accelerating its timeline to begin mass production around 2028, potentially several quarters earlier than anticipated due to high customer demand.
Consolidated revenue surged 44.7% year-over-year in July to NT$467.58 billion, demonstrating sustained growth momentum through the first seven months of the year.
Advanced node demand remains robust with 3nm accounting for 30% of wafer revenue and 2nm contributing 3% in the second quarter.
The company is securing a $265 billion total commitment to Arizona, driven by multi-year demand from U.S. customers for AI and high-performance computing chips.
Risk Factors
Shares fell 0.96% to close at $426.35 on Friday, with an additional 0.27% decline in after-hours trading.
The second Arizona fab is not expected to receive equipment until the second half of 2026, delaying mass production until the second half of 2027.
Taiwan Semiconductor (TSM) is experiencing a wave of insider buying, with open-market purchases from top executives including the CEO and CFO signaling strong confidence in the company's outlook. This activity coincides with robust Q2 results and guidance that exceeded analyst consensus, driven by demand for advanced technologies and the ramping of 2nm processes which are critical for AI applications.
The company is positioned to benefit from the explosive growth in AI inference infrastructure, a market expected to double model-training capacity over the next decade. Key catalysts include the commercial launch of AMD's MI450X chip on TSMC's 2nm standard and deliveries scheduled for Q3 2026, alongside manufacturing for Cerebras Systems which integrates with AMD's Helios racks.
Analysts have responded positively to these developments, upgrading ratings and raising price targets, with a consensus Buy rating and a high-end target of $650. While concerns regarding front-heavy spending and macroeconomic uncertainty exist, the long-term opportunity in AI capacity building and technology advancement is viewed as outweighing these risks, sustaining business strength for the foreseeable future.
📈 Insiders including CEO/CFO execute open-market buys signaling strong confidence.
💰 Q2 results beat consensus driven by 2nm process ramping demand.
🚀 AMD MI450X launch on 2nm scheduled for Q3 2026 boosts AI share.
📊 Analysts upgrade to Buy with $650 target citing long-term expansion.
📈 Stock maintains robust uptrend supported by AI capacity building trends.
📈 TSMC insiders, including the CEO and CFO, are executing open-market buys, signaling strong confidence in the company's AI-driven outlook.
💰 Q2 results and guidance came in well above consensus, underpinned by robust demand for advanced technologies and the steep ramping of 2nm processes.
🚀 The commercial launch of AMD's MI450X on TSMC's 2nm standard is scheduled for Q3 2026, serving as a major catalyst for immediate AI market share growth.
📊 Analysts have upgraded TSMC to a consensus Buy with an 87.5% buy-side bias and a price target of $650, citing long-term expansion plans.
🔮 The AI inference infrastructure market is forecast to grow at a high double-digit CAGR, potentially doubling the model-training market by the mid-2030s.
🤝 TSMC manufactures chips for Cerebras Systems, which are designed to integrate natively with AMD's Helios racks for lightning-fast token generation.
📉 Despite concerns about front-heavy spending and macroeconomic uncertainty, analyst positives regarding long-term AI capacity outweigh these risks.
📈 The stock remains in a robust uptrend with steady volume, supported by the underlying trend of AI capacity building and technology advancement.
Bullish Signals
Insiders including the CEO and CFO are executing open-market buys, reflecting strong confidence in the company's outlook.
Q2 results and guidance exceeded analyst consensus, driven by robust demand for advanced technologies and the ramping of 2nm processes.
The commercial launch of AMD's MI450X on TSMC's 2nm standard is scheduled for Q3 2026, serving as a major catalyst for immediate AI market share growth.
Analysts have upgraded TSMC to a consensus Buy with an 87.5% buy-side bias and a price target of $650, citing long-term expansion plans.
The AI inference infrastructure market is forecast to grow at a high double-digit CAGR, potentially doubling the model-training market by the mid-2030s.
TSMC manufactures chips for Cerebras Systems, which are designed to integrate natively with AMD's Helios racks for lightning-fast token generation.
The stock remains in a robust uptrend with steady volume, supported by the underlying trend of AI capacity building and technology advancement.
Risk Factors
A vice president of plant operations sold shares in 2026, though this is attributed to vested gains rather than a lack of confidence.
Tran Capital Management L.P. reduced its stake in Taiwan Semiconductor Manufacturing Company (TSMC) by approximately two percent during the second quarter, selling 1,379 shares. This transaction left the firm with a remaining holding of 68,614 shares valued at roughly $32.77 million, which still constitutes about 3.8% of Tran Capital's total portfolio and ranks as its eleventh-largest position.
While Tran Capital trimmed its exposure, other major institutional investors like Tiger Global Management and T. Rowe Price have increased their holdings in the semiconductor giant. Furthermore, internal confidence remains high as company vice presidents have been actively purchasing shares to boost their direct stakes, signaling strong belief in the firm's long-term trajectory amidst global AI demand.
Despite robust tailwinds driven by artificial intelligence applications and advanced chip development, TSMC faces short-term market headwinds including a substantial share sale by SoftBank and broader investor caution regarding peak semiconductor valuations. Wall Street analysts maintain a resilient consensus Buy rating with an average price target of $524.25, reflecting enduring confidence in the company's financial resilience despite cyclical volatility.
📉 Tran Capital sold 1,379 shares, reducing stake by roughly two percent.
💰 Remaining holding valued at $32.77 million and represents 3.8% of portfolio.
📈 Tiger Global and T. Rowe Price increased their TSMC positions recently.
🤝 Company vice presidents actively purchased shares to boost direct stakes.
🧠 Relentless global AI demand drives TSMC's primary market status.
📉 Tran Capital Management L.P. sold 1,379 shares of TSMC in Q2, reducing its stake by roughly two percent.
💰 The remaining Tran Capital holding is valued at approximately $32.77 million and represents 3.8% of their portfolio.
📈 Tiger Global Management and T. Rowe Price are among the prominent institutions that have increased their TSMC positions.
🤝 Company vice presidents have actively purchased shares recently, boosting their direct stakes in the firm.
🧠 The primary driver for TSMC's status is relentless global demand tied to artificial intelligence applications.
💸 SoftBank executed a substantial share sale, contributing to temporary market headwinds for the stock.
⚖️ Broader investor caution regarding peak semiconductor valuations has introduced short-term volatility into the sector.
📊 Wall Street analysts maintain a consensus Buy rating with an average price target of $524.25.
Bullish Signals
Tiger Global and T. Rowe Price aggressively expand positions.
Company VPs actively buy shares to boost stakes.
Relentless AI demand drives global powerhouse status.
Wall Street maintains resilient consensus Buy rating.
Risk Factors
Tran Capital trimmed stake by selling 1,379 shares.
SoftBank executed substantial share sale causing headwinds.
Investor caution on peak valuations adds short-term volatility.
Bullish Signals
Other prominent institutional entities like Tiger Global Management and T. Rowe Price are aggressively expanding their positions in TSMC, contrasting with Tran Capital's reduction.
Company vice presidents have actively purchased shares over recent months to significantly boost their direct stakes, highlighting strong internal belief in the company's long-term trajectory.
The core driver behind the company's powerhouse status remains the relentless global demand tied to artificial intelligence applications and advanced chip development.
Wall Street analysts maintain a resilient consensus Buy rating on the stock overall, indicating enduring confidence in the company's financial resilience.
Risk Factors
Tran Capital Management L.P. recently trimmed its stake in TSMC by roughly two percent during the second quarter by selling 1,379 shares.
The stock currently faces temporary market headwinds including a substantial share sale executed by SoftBank.
Broader investor caution regarding peak semiconductor valuations has introduced a layer of short-term volatility.
Taiwan Semiconductor Manufacturing Co. (TSMC) has raised its 2026 revenue guidance to slightly more than 40% growth, primarily driven by surging demand for AI chips from key customers like Nvidia. The company also increased its capital expenditure forecast to between $60 billion and $64 billion, reflecting sustained investment in advanced manufacturing nodes required for large language models and autonomous driving systems.
Recent performance data supports this optimistic outlook, with July 2026 sales reaching NT$467.58 billion, a 45% year-over-year increase. However, the stock currently trades between $400 and $430 with a forward P/E of 21-22x, while the trailing P/E sits near 31x as of mid-August 2026. This discrepancy suggests that Wall Street may already be pricing in flawless execution, leading some analysts to question whether the current valuation fully reflects future risks.
Looking ahead, TSMC plans to implement price hikes of up to 10% starting in 2027 to offset rising costs for materials and equipment. With a dominant 73% market share in advanced nodes, customers have limited alternatives to absorb these increases. Additionally, the company is diversifying its geographic footprint with facilities in Arizona, though this expansion contributes to its ballooning capital expenditure budget.
Despite the strong growth narrative, there are emerging concerns regarding valuation and shareholder activity. SoftBank has reportedly been divesting a significant portion of its TSMC stake, adding a short-term wrinkle to the bullish sentiment. Analysts warn that the stock's elevated multiples depend heavily on TSMC continuing to execute flawlessly as it navigates high costs and intense competition in the AI chip market.
📈 2026 revenue guidance raised to over 40% growth driven by AI demand.
💰 Capex lifted to $60-64 billion for advanced AI manufacturing nodes.
📊 July sales jumped 45% year-over-year to NT$467.58 billion.
⚖️ Stock trades at forward P/E of 21-22x with overvaluation concerns.
💵 Price hikes up to 10% planned for 2027 to offset costs.
📈 TSMC raised its 2026 revenue guidance to slightly more than 40% growth, driven by surging AI chip demand from customers like Nvidia.
💰 Capital expenditure guidance was lifted to between $60 billion and $64 billion to support advanced manufacturing nodes for AI applications.
📊 July 2026 sales reached NT$467.58 billion, representing a 45% jump from the same month last year.
⚖️ The stock trades at a forward P/E of 21-22x but a trailing P/E near 31x, creating debate over whether growth is already priced in.
📉 SoftBank has reportedly been divesting much of its TSMC stake, adding a short-term negative signal to the stock.
💵 TSMC plans price hikes of up to 10% starting in 2027 to offset rising costs for materials and equipment.
🏭 The company maintains a 73% market share in advanced nodes, giving it pricing power despite cost increases.
🌍 Arizona facilities are part of a geographic diversification strategy driven by US policymakers pushing for domestic semiconductor capacity.
⚠️ Analysts flag overvaluation risks as the stock's high multiples depend on flawless execution to meet optimistic growth scenarios.
Bullish Signals
2026 revenue guidance raised to over 40% growth.
July 2026 sales hit NT$467.58 billion, up 45%.
Capital expenditure guidance lifted to $60-$64 billion.
73% market share in advanced nodes ensures pricing power.
Price hikes of up to 10% planned for 2027.
Risk Factors
Shares trade near $400-$430 with forward P/E of 21-22x.
Trailing P/E near 31x reflects dependence on perfect execution.
Elevated multiples price in most optimistic growth scenarios.
Bullish Signals
TSMC raised its 2026 revenue guidance to slightly more than 40% growth, indicating strong demand for its AI chips from major customers like Nvidia.
July 2026 sales reached NT$467.58 billion, a 45% year-over-year increase that validates the company's optimistic outlook.
TSMC lifted its capital expenditure guidance to $60-$64 billion, demonstrating significant investment in advanced manufacturing capabilities required for AI.
With a 73% market share in advanced nodes, TSMC has substantial pricing power and customers have few alternatives to absorb price increases.
The company plans price hikes of up to 10% starting in 2027, which should help offset rising costs for materials and equipment.
Risk Factors
Analysts are questioning whether the stock already prices in flawless execution, given shares trading near $400-$430 with a forward P/E of 21-22x.
The trailing P/E ratio sits near 31x as of mid-August 2026, creating a valuation gap that reflects dependence on continued perfect execution.
SoftBank has reportedly been divesting much of its TSMC stake, adding a short-term negative signal to the stock's momentum.
Some analysts have started flagging overvaluation risks, arguing the stock's elevated multiples already price in the most optimistic growth scenarios.
Shares of chip equipment manufacturers rose significantly following a strong revenue report from Taiwan Semiconductor Manufacturing Company (TSMC). TSMC, the world's largest semiconductor foundry, reported July revenue of approximately $14.51 billion, representing a 5.6% increase from the prior month and a substantial 44.7% year-over-year gain.
The company's financial performance has been robust over the first seven months of 2026, with annualized revenue reaching roughly $89.11 billion, up 37% compared to the same period in 2025. This surge is primarily driven by surging demand for advanced semiconductors used in artificial intelligence applications.
TSMC previously reported record second-quarter revenue of $40.2 billion and has now raised its full-year 2026 revenue growth forecast to exceed 40%. The strong earnings from the industry leader have positively impacted the stock prices of its equipment suppliers, including ASML, Applied Materials, and Lam Research.
📈 July revenue hit $14.51B, up 5.6% month-over-month and 44.7% year-over-year.
💰 First seven months of 2026 annualized revenue reached $89.11B, a 37% increase.
🚀 Full-year 2026 revenue growth forecast raised to over 40%.
🤖 Strong AI semiconductor demand drives the company's business boom.
📈 TSMC reported July revenue of $14.51 billion, marking a 5.6% month-over-month increase and a 44.7% year-over-year surge.
💰 Annualized revenue for the first seven months of 2026 reached approximately $89.11 billion, up 37% from the same period in 2025.
🚀 TSMC raised its full-year 2026 revenue growth forecast to more than 40%, following a record Q2 revenue of $40.2 billion.
🤖 The company's business boom is fueled by strong demand for semiconductors utilized in artificial intelligence technologies.
📉 Chip equipment makers like ASML, Applied Materials, and Lam Research saw their shares rise after TSMC's positive earnings release.
Bullish Signals
TSMC reported July revenue of $14.51 billion, a significant 5.6% increase from the prior month.
The company achieved a massive 44.7% year-over-year revenue jump in July, demonstrating strong market demand.
Annualized revenue for January through July 2026 totaled roughly $89.11 billion, up 37% from the same period in 2025.
TSMC raised its 2026 revenue growth forecast to more than 40%, indicating sustained high-growth expectations.
The company posted record second-quarter revenue of $40.2 billion, up 36% from a year earlier.
Taiwan Semiconductor (TSM) reported record Q2 results with revenue surging 33.7% year-over-year to $40.2 billion and earnings per share reaching $4.31, significantly beating analyst expectations by $0.37. The company achieved a historic gross profit margin of 67.7% and saw its high-performance computing segment account for 66% of total sales, up 20% from the previous quarter.
Management raised its full-year revenue growth guidance for 2026 to slightly above 40%, marking the second upward revision this year. Despite these strong fundamentals, shares dipped approximately 3.4% to trade near $385 as investors digested news of substantial future capital expenditures and a massive $100 billion expansion commitment in the United States.
Analyst sentiment remains largely bullish with Needham raising its price target to $530 and DA Davidson setting a $500 objective, both reaffirming Buy ratings. However, valuation concerns persist as Seeking Alpha notes a D- rating based on current trading multiples of 23x–24x forward earnings, which exceed the five-year historical range. The company also announced a quarterly cash distribution of NT$7.00 per share payable in October.
Looking ahead, TSM projects Q3 revenue between $44.6 billion and $45.8 billion, though gross margins are expected to ease sequentially to 65%–67% due to ramp-up costs for the new 2nm process and international facilities. The Arizona project now totals $265 billion in investment, with production of advanced nodes scheduled to commence in late 2024 and throughout next year.
📈 Q2 revenue hit record $40.2B with HPC at 66% of sales.
💰 EPS reached $4.31, beating estimates by $0.37.
🚀 Management raised 2026 growth expectations to above 40%.
🇺🇸 Announced $100B U.S. expansion, totaling $265B Arizona investment.
💸 Q3 guidance set at $44.6B–$45.8B with margins easing to 65%–67%.
📈 Q2 revenue surged 33.7% YoY to a record $40.2B, driven by high-performance computing which now represents 66% of total sales.
💰 EPS reached $4.31, exceeding analyst projections by $0.37, while gross profit margin hit a record 67.7%.
🚀 Management raised 2026 revenue growth expectations to slightly above 40%, the second upward adjustment this year.
🇺🇸 Announced a $100B expansion in the U.S., bringing total Arizona investment to $265B for four new fabrication facilities.
⚡ The newest 2nm process already contributes 3% of wafer sales in its initial volume quarter, with 3nm generating 30% of revenue.
📈 Analyst Needham raised price objective to $530 and DA Davidson set a $500 target, both maintaining Buy ratings.
💸 Q3 revenue guidance spans $44.6B–$45.8B (approx. 37% YoY growth), with gross margins expected to ease to 65%–67%.
📉 Stock dipped ~3.4% to near $385 as the market priced in substantial future capital spending of $60B–$64B for 2026.
💰 Company announced a quarterly cash distribution of NT$7.00 per share payable on October 8 to record holders.
📊 Seeking Alpha assigns a Hold rating due to valuation concerns, noting current multiples of 23x–24x exceed the 5-year historical range.
Bullish Signals
Record Q2 revenue $40.2B and EPS $4.31 beat expectations.
Gross profit margin hit historic high of 67.7%.
HPC segment grew 20% sequentially to 66% of sales.
Management upgraded 2026 guidance to above 40% growth.
New 2nm process generated 3% of wafer sales in Q1.
Arizona investment totals $265B for four new fabs.
Analysts raised targets to $530 and $500 with Buy ratings.
Q3 guidance implies ~37% YoY revenue growth.
Risk Factors
Price dipped 3.4% to $385 amid priced-in capital expenditures.
Gross margins expected to decline to 65%–67% in Q3.
Trading multiples of 23x–24x exceed historical range of 18.5x–22x.
DCA suggests fair value below current levels with no safety margin.
Bullish Signals
Record Q2 revenue of $40.2B and EPS of $4.31 significantly beat analyst expectations.
Gross profit margin reached a historic high of 67.7% with operating efficiency at 60.3%.
High-performance computing segment grew 20% sequentially to represent 66% of total sales.
Management upgraded 2026 revenue growth guidance to slightly above 40%, the second positive revision this year.
Newest 2nm process is already generating 3% of wafer sales in its first full production quarter.
Major U.S. expansion adds $100B to Arizona investment, totaling $265B for four new fabs and enhanced packaging.
Needham raised price target to $530 and DA Davidson set a $500 target, both reaffirming Buy recommendations.
Q3 revenue guidance of $44.6B–$45.8B implies continued strong demand with ~37% YoY growth.
Risk Factors
Stock price dipped 3.4% to near $385 as investors priced in substantial future capital expenditures.
Gross margins expected to decline sequentially to 65%–67% in Q3 due to 2nm ramp-up expenses and dilutive effects from international facilities.
Seeking Alpha assigns a Hold rating with a D- valuation assessment, citing current trading multiples of 23x–24x forward earnings exceed the five-year historical range of 18.5x–22x.
One analyst noted discounted cash flow analysis suggests fair value below current trading levels, indicating insufficient safety margin.
TSMC reported record quarterly revenue of $40.2 billion with gross margins expanding to 67.7%, driven by advanced-node scarcity where 7nm and below accounted for 77% of wafer revenue. The company successfully ramped its first 2nm production to 3% volume while maintaining strong net income growth of 77.41%. This performance highlights TSMC's dominant position in the AI accelerator market, effectively shielding it from direct competition with Intel through the end of 2026.
In contrast, Intel delivered a revenue beat of $13.58 billion but was overshadowed by a $4.07 billion restructuring charge and Mobileye impairment that resulted in a GAAP loss. While Non-GAAP EPS crushed consensus expectations, the company's foundry ambitions lag behind TSMC by roughly a full node generation. Intel's 18A process node is not expected to reach profitable yields until late 2026 or 2027, triggering institutional downgrades despite recent strategic wins like securing Xeon 6 for NVIDIA systems.
TSMC provided robust guidance for Q3 revenue between $44.6 billion and $45.8 billion, raising its full-year growth forecast to slightly above 40%. The company's market capitalization stands near $2.07 trillion compared to Intel's $477.7 billion, reflecting a stark scale gap. Management flagged potential Q3 gross margin headwinds from 2nm ramp costs, but maintaining margins near the 65% to 67% guidance would keep the investment thesis intact.
The article concludes that TSMC possesses a cleaner fundamental profile with compounding cash flows and an unchallenged lead in advanced manufacturing. Intel's stock has dropped 21.52% in a month due to volatility concerns, though it remains relevant for traders seeking turnaround narratives. Until Intel's 18A yields improve on schedule, TSMC is viewed as the superior business with fewer risks of replacement in the current semiconductor landscape.
📈 TSMC Q2 revenue hit $40.2B with 67.7% gross margins.
📈 TSMC posted record Q2 revenue of $40.2 billion with gross margins expanding to 67.7%, driven by advanced-node scarcity.
💻 Intel reported a GAAP loss due to a $4.07 billion restructuring charge and Mobileye impairment despite beating revenue expectations.
🚀 TSMC's first 2nm ramp reached 3% volume while 7nm and below drove 77% of wafer revenue.
📉 Intel's 18A node is not expected to reach profitable yields until late 2026 or 2027.
💰 TSMC raised full-year growth guidance to slightly above 40% with Q3 revenue guided between $44.6B and $45.8B.
🏦 Market cap disparity is stark, with TSMC near $2.07 trillion versus Intel's $477.7 billion.
🤝 Intel secured a multiyear Xeon and custom IPU deal with a hyperscaler partner for NVIDIA's DGX Rubin NVL8 systems.
⚠️ Management flagged 2nm ramp costs as a possible Q3 gross margin headwind for TSMC.
📊 Intel stock dropped 21.52% in a month despite rising 157.56% year to date due to volatility concerns.
🔍 Advanced-node scarcity allows TSMC to maintain its lead unchallenged through the end of 2026.
Bullish Signals
Record quarterly revenue of $40.2B with gross margins expanding to 67.7%.
First 2nm production ramped to 3% volume by year-end 2026.
Raised full-year growth guidance to slightly above 40%.
Net income surged 77.41% driven by advanced-node manufacturing profitability.
Market cap near $2.07 trillion highlights massive scale advantage.
Risk Factors
Intel 18A profitable yields delayed until late 2026 or 2027.
TSMC 2nm ramp costs threaten Q3 gross margin guidance of 65% to 67%.
Intel GAAP loss of $4.07 billion obscures operational performance.
Intel stock dropped 21.52% in a month showing high volatility.
Scale gap widens as Intel struggles with advanced-node manufacturing.
Bullish Signals
TSMC achieved record quarterly revenue of $40.2 billion with gross margins expanding to 67.7%, demonstrating strong pricing power and operational efficiency.
The company successfully ramped its first 2nm production to 3% volume, establishing a significant technological lead over competitors through year-end 2026.
TSMC raised full-year growth guidance to slightly above 40% and guided Q3 revenue between $44.6 billion and $45.8 billion, indicating robust demand.
Net income surged 77.41%, reflecting the high profitability of advanced-node manufacturing in the AI accelerator market.
Institutional confidence is evident as Intel's foundry ambitions trail by a full node generation, leaving TSMC's position unchallenged.
TSMC maintains a massive market cap near $2.07 trillion compared to Intel's $477.7 billion, highlighting its scale advantage.
Intel secured strategic wins including Xeon 6 selection for NVIDIA systems and joining the Terafab project with major tech firms like SpaceX and Tesla.
Risk Factors
Institutional downgrades were triggered by concerns that Intel's 18A node may not hit profitable yields until late 2026 or 2027.
TSMC management flagged 2nm ramp costs as a possible Q3 gross margin headwind, posing a risk to maintaining the 65% to 67% guidance.
Intel posted a GAAP loss due to a $4.07 billion restructuring charge and Mobileye impairment, obscuring its operational performance.
Intel's stock has dropped 21.52% in a month, reflecting high volatility and investor skepticism despite recent earnings beats.
The scale gap between TSMC and Intel is widening, with Intel struggling to catch up in advanced-node manufacturing capabilities.
Absolute Gestao de Investimentos Ltda. increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. (TSM) by 135.4% in the first quarter, adding 12,190 shares to bring its total holding to 21,190 shares valued at $7.16 million. Other major institutional investors also adjusted their positions significantly; Tiger Global Management LLC boosted its stake by 49.4%, Van ECK Associates Corp raised its holdings by 11.1%, and T. Rowe Price Investment Management Inc. grew its position by 168.6% in the fourth quarter.
The semiconductor giant reported strong financial performance for the quarter ended June 30th, with revenue of $39.89 billion and earnings per share (EPS) of $4.28. The company demonstrated robust profitability metrics, including a return on equity of 40.88% and a net margin of 50.31%. Additionally, TSM announced an increased quarterly dividend of $1.1136 per share, payable on October 8th to shareholders of record on September 16th, representing a yield of 1.1%.
Analyst sentiment remains overwhelmingly positive with multiple firms raising price targets and upgrading ratings. DA Davidson raised its price objective from $450 to $500 with a 'buy' rating, while Zacks Research upgraded the stock to a 'strong-buy'. The consensus average price target stands at $490.00 based on data from MarketBeat.com, reflecting strong institutional confidence in TSM's growth trajectory and market position.
📈 Absolute Gestao increased TSM stake by 135.4% to 21,190 shares.
🐅 Tiger Global boosted holdings by 49.4% to $1.88 billion value.
📊 Q2 revenue hit $39.89B with EPS of $4.28 and 50.31% margin.
💰 Quarterly dividend declared at $1.1136 per share for Oct 8th.
🚀 Analysts raised price targets to average $490 with strong-buy ratings.
📈 Absolute Gestao de Investimentos Ltda. increased its TSM stake by 135.4% in Q1, adding 12,190 shares to a total holding of 21,190 shares.
🐅 Tiger Global Management LLC boosted its TSM holdings by 49.4%, now owning 5,565,074 shares valued at $1.88 billion.
📊 TSM reported Q2 revenue of $39.89 billion and EPS of $4.28 with a net margin of 50.31%.
💰 The company declared a quarterly dividend of $1.1136 per share, payable on October 8th to shareholders of record on September 16th.
📉 VP Tzu-Sou Chuang sold 200,000 shares for $13.97 million, reducing his personal stake by 7.42%.
🚀 DA Davidson raised its price target from $450 to $500 and maintained a 'buy' rating on TSM stock.
🔝 Zacks Research upgraded TSM from a 'hold' to a 'strong-buy' rating in a recent research note.
📈 The average analyst price target for TSM is currently set at $490.00 according to MarketBeat.com data.
🏢 Institutional ownership of TSM stands at 16.51%, indicating strong confidence from major investment firms.
🌐 TSM serves as a leading pure-play foundry providing wafer fabrication services across logic, RF, and advanced nodes.
Bullish Signals
Major investors like Tiger Global significantly increased stakes.
Revenue hit $39.89B with 50.31% net margin.
Quarterly dividend raised to $1.1136 per share.
Analysts upgraded ratings; DA Davidson target set at $500.
Major institutional investors including Tiger Global Management LLC, Van ECK Associates Corp, and T. Rowe Price Investment Management Inc. significantly increased their stakes in the company during recent quarters.
TSM reported exceptional financial results with $39.89 billion in quarterly revenue and a net margin of 50.31%, demonstrating strong operational efficiency.
The company raised its quarterly dividend to $1.1136 per share, signaling confidence in future cash flow generation and shareholder returns.
Multiple analysts have upgraded their ratings or raised price targets, with DA Davidson increasing its target to $500 and Zacks Research issuing a 'strong-buy' rating.
The stock maintains a high return on equity of 40.88%, reflecting superior capital allocation and profitability compared to industry peers.
Risk Factors
VP Tzu-Sou Chuang executed a significant sale of 200,000 shares worth $13.97 million, reducing his personal position by over 7%.
Insider selling activity occurred recently, which some investors may interpret as a signal to reduce exposure despite strong fundamentals.
Arrowstreet Capital Limited Partnership significantly reduced its stake in Taiwan Semiconductor Manufacturing Company Ltd. (TSM) by 46.9% during the first quarter, selling over 1 million shares and retaining a position valued at approximately $387.5 million. While Arrowstreet trimmed its holdings, several smaller institutional investors including Twin City Private Wealth LLC and Financial Life Planners increased their stakes slightly, though these positions remain relatively minor compared to the major reduction by Arrowstreet.
Analyst sentiment remains overwhelmingly positive for TSM, with multiple firms upgrading ratings or raising price targets. Zacks Research upgraded the stock to a 'strong-buy' rating, while Bank of America raised its price objective to $590 and Wall Street Zen also moved to a 'strong-buy'. The consensus rating is currently 'Buy' with an average price target of $490, suggesting strong institutional confidence in the company's future performance despite the hedge fund sell-off.
The company maintains a robust financial profile with a market capitalization of $2.15 trillion and a low debt-to-equity ratio of 0.16. TSM recently announced an increase in its quarterly dividend to $1.1136 per share, payable on October 8th for shareholders of record on September 16th, reflecting a payout ratio of 21.43%. Additionally, insider trading activity shows mixed signals with VP Lipen Yuan buying shares while VP Tzu-Sou Chuang sold a portion of his holdings.
📉 Arrowstreet Capital reduced TSM holdings by 46.9%, selling over 1 million shares.
📈 Zacks Research upgraded TSM to 'strong-buy' alongside major Wall Street analysts.
💰 Quarterly dividend increased to $1.1136 with a yield of 1.1%.
📊 Stock trades at P/E of 29.97 with a market cap of $2.15 trillion.
👔 VP Lipen Yuan bought shares, while VP Chuang sold 200,000 shares.
📉 Arrowstreet Capital Limited Partnership reduced its TSM holdings by 46.9% in Q1, selling 1,012,854 shares while retaining 1,146,708 shares valued at $387.5 million.
📈 Zacks Research upgraded TSM to a 'strong-buy' rating, joining Bank of America and Wall Street Zen in recent bullish upgrades or target price increases.
💰 TSM announced an increased quarterly dividend of $1.1136 per share, payable on October 8th, representing a yield of 1.1% and a payout ratio of 21.43%.
📊 The stock trades at a P/E ratio of 29.97 with a market cap of $2.15 trillion and a current ratio of 2.49, indicating strong liquidity.
👔 Insider VP Lipen Yuan purchased 1,000 shares for $79,190, increasing his personal stake by 25%, while VP Tzu-Sou Chuang sold 200,000 shares.
🏢 Institutional ownership stands at 16.51% of the total float, with other firms like Corus Family Wealth Advisors and Lodestar Private Asset Management increasing positions.
Bullish Signals
Bank of America raised target to $590.
Dividend increased to $1.1136 per share.
Debt-to-equity ratio is only 0.16.
PEG ratio of 0.97 vs P/E of 29.97.
VP Yuan increased stake by 25%.
Risk Factors
Arrowstreet Capital reduced position by nearly half.
VP Tzu-Sou Chuang sold 200,000 shares worth $13.9M.
Bullish Signals
Multiple major analysts have upgraded TSM to 'strong-buy' or raised price targets, including Bank of America raising its target to $590 and Zacks Research upgrading from 'hold'.
The company increased its quarterly dividend to $1.1136 per share, signaling confidence in cash flow generation and rewarding shareholders.
TSM maintains a very strong balance sheet with a debt-to-equity ratio of only 0.16 and a current ratio of 2.49, providing ample liquidity for operations.
The stock has a low PEG ratio of 0.97 relative to its high P/E of 29.97, suggesting the market may be pricing in reasonable growth expectations.
Insider VP Lipen Yuan increased his personal stake by 25% through a direct purchase, demonstrating confidence at the executive level.
Risk Factors
Major institutional investor Arrowstreet Capital Limited Partnership significantly reduced its position by nearly half, which could indicate a shift in strategy or valuation concerns among large funds.
VP Tzu-Sou Chuang sold 200,000 shares worth approximately $13.9 million, representing a 7.42% decrease in his personal ownership of the company.
We use cookies to run the site and, only if you allow it, for live chat, analytics, personalization and ad measurement.
We use cookies to:
Deliver and maintain our services, protect against spam, fraud and abuse
Offer a live chat with our team (Enuchat, optional)
Measure audience engagement and site statistics to understand how our services are used (Google Analytics, optional)
Remember your quiz progress and tailor the knowledge base to your skill level (optional)
Measure how our ads on Facebook and Instagram perform, including whether a visit leads to a confirmed sign-up, matched to your Facebook or Instagram account using hashed contact details you enter (Meta Pixel, optional)
Optional cookies are only set if you allow them. You can accept all, reject all or choose per category, and change your choice at any time via the "Manage Cookies" link in the footer. Google and Meta may process this data in the USA. More in our Privacy Policy.
Manage cookie preferences
Necessary cookiesAlways active
Required for the website to function. These cannot be disabled.
Cookie
Purpose
Duration
PHPSESSID
Session identifier for login, security tokens, and site functionality
Session
cookie_consent
Stores your cookie preferences
1 year
Functional cookies
Show the live chat button so you can message our team. The Enuchat chat widget stores a visitor ID in your browser and sends your chat messages to Enuchat. When this is off, the chat is not loaded.
Cookie
Purpose
Duration
enuchat_visitor_id
Keeps your chat conversation linked to this browser (Enuchat, browser storage)
Until you clear it or turn this off
Analytics cookies
Help us understand how visitors use our website with Google Analytics, provided by Google LLC. Google receives pages visited, device data and an IP address, and may process them in the USA. If you also allow marketing cookies, the Google tag can detect contact details you enter or see on our pages, such as your email address, phone number, name or address, hash them before sending and pass them to Google so it can match your visits to a Google account for measuring our ads. Hashed details are still personal data. See how Google uses information from sites that use its services.
Cookie
Purpose
Duration
_ga
Distinguishes unique visitors (Google Analytics)
2 years
_ga_*
Maintains session state (Google Analytics)
2 years
Personalization cookies
Remember your quiz progress and work out your investing level so we can recommend knowledge-base articles and the right reading depth for you. Stored only on your device.
Cookie
Purpose
Duration
bes_user_level
Your quiz-derived investing level, used to tailor content
1 year
Marketing cookies
Let Meta (Facebook and Instagram) measure how our ads perform, using the Meta Pixel. Meta Platforms Ireland Ltd. receives the pages you visit and, when you confirm the email address of a new account, a "completed registration" event, together with browser identifiers and your IP address. Meta's automatic advanced matching also reads contact details you type into forms on our site, such as your email address or name, hashes them in your browser and sends them with these events so Meta can match them to a Facebook or Instagram account. Hashed details are still personal data. These events are sent from your browser and may also be forwarded to Meta through Meta's Conversions API Gateway. Our own server also sends page visits and completed-registration events directly to Meta's Conversions API, with your IP address, browser user agent and Meta browser identifiers, so Meta can count it once. To help Meta match these visits, your browser and our server also send a random visitor ID from our own cookie and, if you are signed in, your account ID, your confirmed email address and the name, city, postal code and country saved in your profile, all hashed first. We and Meta are joint controllers for collecting and sending this data, and Meta's further use, which may include processing in the USA, is described in the Meta Privacy Policy. When this is off, the Meta Pixel is not loaded and no page visit or registration event is sent to Meta. Together with analytics cookies, this choice also lets Google receive hashed contact details, as described under Analytics cookies.
Cookie
Purpose
Duration
_fbp
Identifies browsers for Meta ad measurement (Meta Pixel)
3 months
_fbc
Stores the Meta ad click that brought you here (Meta Pixel)
3 months
_bes_meid
Random visitor ID, sent to Meta only hashed, so your visits can be matched (Meta Pixel and Conversions API)