Taiwan Semiconductor Manufacturing (TSM · NYSE)
TSM · MARKET VIEW
Market view · as of Sep 21, 2026
Price (last ~year)
Taiwan Semiconductor reported its fourth straight earnings beat in the June 2026 quarter, with EPS of $4.31 versus $3.87 expected, and quarterly revenue climbing to $1.27T from $989.92B four quarters earlier. Growth remains strong — revenue up 36.0% and earnings up 77.4% year over year — with margins of 64.2% gross and 49.9% net, ROE of 40.0%, and modest leverage at 0.3x debt/EBITDA against $3.13T in cash. August revenue surged over 53% year over year to a record $16.35B on AI-driven demand, though the company reportedly can't keep up with demand. The stock closed at $434.67, up 4.8% over the past month but 8.7% below its 52-week high, trading at a P/E of 32.46 against an analyst target of $552.26.
Valuation
- Market cap
- $2.25T
- P/E
- 32.46
- PEG
- 0.83
- P/B
- 11.18
- P/S
- 0.508
- EV/EBITDA
- 18.19
- Beta
- 1.247
- Analyst target
- $552.26
Quality & returns
- Gross margin
- 64.2%
- Operating margin
- 60.3%
- Profit margin
- 49.9%
- ROE
- 40.0%
- ROA
- 19.0%
Price movement
- Last
- $434.67
- 1-month
- +4.8%
- 3-month
- -1.1%
- RSI (14)
- 61
- vs SMA200
- +15.2%
- 52-wk position
- 80.6% -8.7% vs high
Quarterly trajectory
Revenue by quarter (oldest → newest)
| Quarter | Revenue | Op income | Net income | EBITDA |
|---|---|---|---|---|
| 2026-06-30 | $1.27T | $766.60B | $706.56B | $896.27B |
| 2026-03-31 | $1.13T | $657.29B | $572.48B | $853.25B |
| 2025-12-31 | $1.06T | $569.13B | $510.52B | $760.11B |
| 2025-09-30 | $989.92B | $500.69B | $452.30B | $688.16B |
Recent news
- Neutral There's a Good Reason to Choose GLOBALFOUNDRIES Over Taiwan Semiconductor Manufacturing · 2026-09-18
- Somewhat-Bullish Taiwan Semiconductor Is a No-Brainer Buy On Repeat And Not For The Reason You Think · 2026-09-16
- Somewhat-Bullish ASML Vs. Taiwan Semiconductor Manufacturing: One Is More Misunderstood · 2026-09-16
- Neutral What Is Taiwan’s “Silicon Shield”—and Does It Still Protect Taiwan in 2026? · 2026-09-15
- Somewhat-Bullish Taiwan Semiconductor September Revenue Surges 53% and Can’t Keep Up With Demand · 2026-09-10
- Bullish World’s largest contract chipmaker TSMC sees August revenue surge over 53% to record high · 2026-09-10
Sources this view read
- fundamentals Company overview & valuation (Alpha Vantage OVERVIEW)
- filing Quarterly financial statements (Alpha Vantage INCOME/BALANCE/CASH)
- earnings Reported earnings history (Alpha Vantage EARNINGS)
- prices Adjusted daily prices (Alpha Vantage TIME_SERIES_DAILY_ADJUSTED)