Taiwan Semiconductor Manufacturing Company is expected to deliver a fifth consecutive quarter of record earnings as demand for artificial intelligence chips and advanced packaging remains strong.

Reuters reports that analysts expect second-quarter net profit to rise 59% year on year to $19.65 billion. Quarterly revenue has already increased 36% to a new record.

The result matters beyond $TSM. TSMC manufactures advanced chips for major technology companies, including its 3-nanometre and 2-nanometre processes and CoWoS packaging.

Investors will focus on whether management raises its full-year growth outlook and increases 2026 capital spending. Guidance is near the upper end of $52 billion to $56 billion, while some analysts see $58 billion.

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