TSMC Q1 Profit Surges 58% as AI Demand Drives Record Growth

TSMC reported record-breaking first-quarter results, with net income reaching NT$572.48 billion, significantly surpassing analyst estimates. This represents a 58% surge in net profit, while Earnings Per Share (EPS) grew by an impressive 64%, outperforming initial Q1 projections. Revenues reached $35.9 billion, driven by relentless demand for AI semiconductors, with advanced nodes (7nm or below) now accounting for nearly three-quarters of total revenue. Following these robust results, the company provided higher guidance for the second quarter, signaling sustained growth. The High-Performance Computing (HPC) segment remained the primary driver, accounting for 61% of total revenue, as the company continues to dominate the global AI infrastructure supply chain.