TSMC Quarterly Revenue US $36 billion (up 41% YoY)

TSMC Q1 2026 Quarterly Results

Revenue = US $35.9 billion (up 40.6% YoY)
* Guidance was US $34.6 to US $35.8 billion

Gross Margin = 66.2% (up 12.6% YoY)
* Guidance was 63% to 65%

Net Income = US $18.1 billion (up 65.3% YoY)
* Net Profit Margin = 50.5% (up 17.2% YoY)

Earnings Per Share = US $3.49 (up 64.6% YoY)

Free Cash Flow = US $11 billion (up 23% YoY)

Efficiency Metrics
* Accounts Receivable Turnaround Days = 26 (down 7.1% YoY)
Bullish signal: customers paying on time; no cash flow or product quality red flags
* Inventory Turnaround Days = 80 (down 3.6%YoY) Bullish signal: high demand and efficient production.

Revenue by Platform (Top 3)
* High Performance Computing = 61% (YoY growth rate +4%)
* Smartphone = 26% (YoY growth rate -7%)
* Internet of Things = 6% (YoY growth rate +20%)

Average Exchange Rate NTD/USD = 31.59 (down 1% YoY)

Position: Long TSM. NFA