Taiwan Semiconductor Manufacturing Co Ltd ADR

TSM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	xN>	LOCK\|LC	LOCK\|^Yj@qS!

TSMC Earnings: Raise Fair Value Estimate by 27% to TWD 3,440 After a Beat-and-Raise Quarter

Phelix Lee

Jul 16, 2026

Taiwan Semiconductor Manufacturing Company raised its 2026 capex budget by USD 8 billion to USD 62 billion at the midpoint and full-year revenue growth target to over 40% in US dollars. It announced plans to invest an additional USD 100 billion in Arizona, cumulatively totaling USD 265 billion.

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Taiwan Semiconductor Manufacturing Co Ltd ADR

TSMC Earnings: Raise Fair Value Estimate by 27% to TWD 3,440 After a Beat-and-Raise Quarter

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