Taiwan Semiconductor Manufacturing Co. (TSM), or TSMC, the world’s leading contract chip maker, is scheduled to announce its first-quarter results on Thursday, April 16. Over the past 12 months, TSM stock has surged more than 137%, primarily due to strong demand for advanced chips and rising orders from key clients like Apple (AAPL) and Nvidia (NVDA). According to TipRanks’ Options Tool, options traders expect about a 7.13% move in either direction in TSM stock in reaction to Q1 2026 earnings.
Claim 30% Off TipRanks
Trade NVDA with leverageThis implied move is lower than TSMC stock’s average post-earnings move (in absolute terms) of 2.36% over the past four quarters.
What to Expect on April 16
Ahead of the print, Wall Street remains upbeat, with analysts expecting the company to report earnings of $3.30 per share, up more than 50% from a year ago. Meanwhile, revenue is forecast at $35.35 billion, up from $25.52 billion in the same quarter last year.
Analysts’ Take Ahead of the Q1 Print
Heading into Q1 earnings results, TSM received a new street-high price target from Aletheia Capital. The firm’s analyst Stefan Chang raised his price target to $600.00 from $500.00 and maintained a Buy rating, citing the company’s push to expand capacity, including faster rollout of advanced chips and growth in packaging technologies.
He expects most of the new capacity to come online in 2027 and 2028, supporting further growth. Chang also sees earnings rising sharply over the next few years, supported by solid demand and strong cash generation, with near-term revenue expected to grow around 8% to 10% sequentially.
Likewise, Bank of America analyst Haas Liu raised his price target to NT$2,530 from NT$2,360 and maintained a Buy rating, pointing to strong demand for high-performance computing and AI chips. He expects second-quarter sales to grow by around 7% to 9% sequentially, with margins improving slightly on strong demand for advanced chips. Liu added that TSMC’s leading position in advanced technology and solid demand outlook continue to support the stock.
What Is TSM’s Stock Price Target?
According to TipRanks, TSM stock has a Strong Buy consensus rating based on six Buys and one Hold assigned in the last three months. At $423.50, TSMC’s average stock price target implies an upside of 14.6% from the current level.
