TSM · NYSE · Semiconductors

TSMC (ADR) (TSM)

Manufactures customer-designed chips through a dedicated foundry and advanced-packaging platform.

$448.08
vs last close+2.94 (+0.66%)
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Taiwan Semiconductor Manufacturing Company LimitedTSM
Information Technology

Manufactures customer-designed integrated circuits as a dedicated foundry without selling competing branded chips. Process technologies and advanced packaging support chip designers, with Taiwan at the production core and manufacturing capacity expanding internationally.

Manufactures integrated circuits designed by customers as a dedicated foundry and does not market semiconductor products under its own name. Process technologies and advanced packaging give chip designers a manufacturing route from design work to high-volume production.

Taiwan remains the production center, while the manufacturing network is extending into the United States, Japan and Germany. The customer-partner model rests on not competing with chip-design customers and on combining technology, manufacturing and service.

Operations depend on reliable water and electricity, recovery from earthquakes and other disruptions, cybersecurity across facilities and suppliers, and government permissions affecting customers, equipment and technology transfers.

Company facts

CEOC.C. Wei
ListedOct 8, 1997
ExchangeNYSE
HeadquartersHsinchu City, Taiwan
CountryTaiwan
Employees83,000
CIK0001046179
ISINUS8740391003

Market cap$2.31T
EPS (ttm)$13.76
P/E (ttm)32.36
ROE39.5%
P/B11.35
P/S16.40
Dividend yieldDiv yield0.85%
Beta2.17vs XLK 1.02

Price target$554.00+24.5%Average of 25 analysts
ConsensusBuy18 of 25 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 1, 2026UBSInitiate
Rating:
Rating: Buy
Sep 1, 2026Stifel NicolausTarget
Target:
Target: $515
Aug 11, 2026BernsteinReiterate
Rating: Target: $200
Rating: OutperformTarget: $554
Jul 27, 2026Goldman SachsInitiate
Rating:
Rating: Buy
Jul 27, 2026NeedhamReiterate
Rating: Target: $480
Rating: BuyTarget: $530

Next report
Oct 15, 26
in 23 days
EPS estimate
$4.40
Revenue estimate
$45.23B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Jan '25May '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$2.19$2.14$2.50$2.92$3.09$3.49$4.31Pending
Estimate$2.20$2.07$2.38$2.63$2.90$3.31$3.87$4.40
Surprise−0.5%+3.4%+5.0%+11.0%+6.6%+5.4%+11.4%

RevenueReportedEstimate

Jan '25May '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$26.38B$25.80B$31.75B$32.36B$33.14B$35.98B$39.36BPending
Estimate$26.24B$25.46B$30.21B$32.07B$33.01B$35.35B$39.83B$45.23B
Surprise+0.5%+1.4%+5.1%+0.9%+0.4%+1.8%−1.2%
Estimate$4.40
ReportedDue Oct 15, 2026
Estimate$45.23B
ReportedDue Oct 15, 2026
View details

Debt to equity16.60%
Current ratio245.80%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$24.01B$27.45B$26.53B$29.51B$31.29B$33.38B$35.85B$40.15B
Net income$10.28B$11.37B$11.43B$12.59B$14.30B$16.14B$18.09B$22.33B
Net margin42.8%41.4%43.1%42.7%45.7%48.3%50.5%55.6%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$11.40B$13.46B$12.87B$14.65B$15.83B$17.99B$20.78B$24.23B
YoY growth+58.2%+63.6%+63.5%+61.7%+38.8%+33.7%+61.5%+65.4%

Balance sheet, Jun 30, 2026Cash & short-term investments $111.20B · Total debt $33.77B · Total assets $296.34B · Shareholders' equity $203.32B

Revenue
$40.15B
Operating income
$24.23B
Net income
$22.33B

Reported in TWD, converted at the latest exchange rate

View details

Dividend yield
0.85%
Next ex-date
Dec 10, 26
in 79 days
Annual dividend
$3.78
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26Dec '26
Dividend$0.5354$0.6164$0.822$0.7954$0.939$0.9393$1.1075$1.0854
Annual yield1.12%0.99%0.94%0.91%0.92%0.83%0.91%0.91%
Ex-dateMar 18Jun 12Sep 16Dec 11Mar 17Jun 11Sep 16Dec 10
Payment dateApr 10Jul 10Oct 9Jan 8Apr 9Jul 9Oct 8Jan 7
View details

Institutions14.76%765.63M ADS
3,759 holders · as of Jun 30, 2026
Insiders0.18%9.47M ADS
34 holders · as of Sep 9, 2026
Strategic holders6.38%330.74M ADS
1 holder · as of Mar 18, 2026
Other78.68%4.08B ADS
remainder

5.19B ADS (1 ADS = 5 ordinary shares) as of Sep 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Dec 2023 annual report; nothing newer is on file here.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
National Development Fund, Executive YuanStrategicdirector
6.38%1.65B ordinaryfiled Mar 18, 2026
FMR LLCInstitution
1.14%58.94M ADSas of Jun 30, 2026
Capital World InvestorsInstitution
0.66%34.37M ADSas of Jun 30, 2026
Sanders Capital, LLCInstitution
0.50%26.15M ADSas of Jun 30, 2026
JPMorgan Chase & CoInstitution
0.46%23.83M ADSas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 7, 2026Shien-Yang Wuofficer: SVP+57$76.20
Sep 7, 2026Yuh-Jier Miiofficer: EVP and Co-COO+71$76.20
Sep 7, 2026Lipen Yuanofficer: VP+41$76.20
Sep 7, 2026Kevin Xiaoqiang Zhangofficer: SVP and Deputy Co-COO+61$76.20
Sep 7, 2026Choh Fei Yeapofficer: SVP+54$76.20
View details

Compare

CompanyPriceChange
TSMC (ADR)$448.08+0.66%$2.31T32.429.516.4+24.0%
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