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TSMC Posts Double-Digit February Revenue Growth Year-on-Year Despite Monthly Drop

Story Highlights
  • TSMC reported February 2026 consolidated revenue of NT$317.66 billion, down 20.8% from January but 22.2% higher than a year earlier.
  • Cumulative revenue for January–February 2026 rose 29.9% year-on-year, while intra-group loans and guarantees highlighted TSMC’s continued global expansion and capital support.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
TSMC Posts Double-Digit February Revenue Growth Year-on-Year Despite Monthly Drop

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TSMC ( (TSM) ) has issued an update.

On March 10, 2026, TSMC reported that consolidated net revenue for February 2026 reached NT$317.66 billion, down 20.8% from January but up 22.2% versus February 2025, with January–February revenue climbing 29.9% year-on-year to NT$718.91 billion. The filing also detailed intra-group financing and guarantees, including outstanding loans to wholly owned subsidiaries in Nanjing and Washington and sizable guarantees for TSMC North America and TSMC Global, underscoring the scale of its ongoing global expansion and capital deployment despite month-on-month volatility in sales.

The most recent analyst rating on (TSM) stock is a Buy with a $450.00 price target. To see the full list of analyst forecasts on TSMC stock, see the TSM Stock Forecast page.

Spark’s Take on TSM Stock

According to Spark, TipRanks’ AI Analyst, TSM is a Outperform.

The score is driven primarily by excellent financial performance (elite margins, improving growth momentum, strong balance sheet) and a constructive earnings outlook with strong AI-led guidance. These positives are moderated by an extended technical setup (overbought signals) and a relatively rich valuation (P/E ~32 with low dividend yield), plus execution and margin-dilution risks tied to elevated CapEx and global/advanced-node ramp-ups.

To see Spark’s full report on TSM stock, click here.

More about TSMC

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a leading pure-play semiconductor foundry that manufactures integrated circuits for global chip designers across sectors such as smartphones, high-performance computing and automotive electronics. Listed in Taiwan and on the NYSE, the company’s scale and advanced process technologies make its monthly revenue trends a key barometer for the broader semiconductor cycle.

Average Trading Volume: 13,189,192

Technical Sentiment Signal: Buy

Current Market Cap: $1477.3B

Learn more about TSM stock on TipRanks’ Stock Analysis page.

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