TSMC Q1 Net Profit +58% on AI

TSMC reported record Q1 net profit of T$572.48 bn ($18.15 bn), a 58.3% YoY increase, beating Bloomberg estimate of T$542.38 bn.
Revenue rose 35% year‑on‑year to T$1.134 trillion, driven primarily by heightened demand for AI‑focused advanced chips.
The company remains a key AI supply‑chain player, supplying Nvidia and industrial and consumer electronics manufacturers despite a lagging consumer electronics division.