Key insights
- TSMC reported April revenue up 17.5% YoY but down 1.1% MoM. Revenue for the first four months of 2026 increased by 29.9% YoY. The company also disclosed intra-company lending and guarantees, including significant amounts to TSMC Arizona. While the monthly dip is a slight concern, the overall strong growth in revenue, particularly the large YoY increase, suggests continued demand for semiconductors, which is moderately bullish for US equity markets, especially the tech sector.
Taiwan Semiconductor Manufacturing Co. (TWSE:2330, NYSE:TSM) reported consolidated net revenue for April 2026 of approximately NT$410.73 billion, according to a press release statement filed with the SEC. This represents a 1.1% decrease from March 2026, when revenue was NT$415.19 billion, but a 17.5% increase compared to April 2025, when revenue was NT$349.57 billion.
For the first four months of 2026, TSMC’s total revenue reached NT$1,544.83 billion, marking a 29.9% increase from NT$1,188.82 billion in the same period in 2025.
The company also disclosed information on intra-company lending and guarantees. As of the end of April, TSMC China, a wholly-owned subsidiary, had an outstanding loan balance of NT$7.87 billion, and TSMC Development had an outstanding loan balance of NT$2.85 billion. In terms of guarantees, TSMC provided NT$2.63 billion to TSMC North America, NT$170.93 billion to TSMC Global, and NT$345.92 billion to TSMC Arizona, all wholly-owned subsidiaries.
Additionally, the filing included data on financial derivative transactions. TSMC reported that, as of April 2026, the outstanding notional amount of derivatives not applying hedge accounting was NT$189.92 billion, with a mark-to-market value of NT$542.09 million and a cumulative unrealized profit of NT$3.56 billion. For derivatives applying hedge accounting, TSMC Global reported an outstanding notional amount of NT$1.11 billion and a mark-to-market value of NT$9.79 million.
The information in this article is based on a press release statement included in a SEC filing.
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