TSMC Q1 Net Income Up 58%, CapEx Reaches $56B Amid AI Cycle Revival

TSMC reported Q1 revenue of $35.9B (+40.6% year-over-year) and net income up 58%, beating consensus and raising 2026 revenue guidance to 30%+ growth with CapEx expanding to $52-56B. High-performance computing—AI and 5G—now represents 61% of quarterly sales, marking a record for infrastructure demand in a single quarter.