TSMC Q2 Profit Soars 77% to Record, Crushing Estimates on AI Chip Boom
NVDA sits 29% above its 52-week low of $164.07.
Summary
TSMC reported a record Q2 net profit of T$706.6 billion ($21.99 billion), a 77% surge that handily beat the T$632.6 billion consensus. The blowout quarter was driven by insatiable AI processor demand, directly validating the supply chain capacity supporting NVIDIA's explosive growth trajectory. This follows NVIDIA's own record Q1 FY27 revenue of $81.6 billion and $80 billion buyback authorization announced in May, reinforcing that the AI infrastructure buildout remains on a steep upward curve. The magnitude of TSMC's beat suggests NVIDIA's upcoming quarters could see even stronger unit volumes than currently modeled. Apple, also a TSMC customer, benefits as well, but the AI-driven upside is most directly tied to NVIDIA's data center expansion.
At the time of this announcement, NVDA was trading at $211.28 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.1T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.