Asia Plus says TSMC's August sales up 35%, reinforcing strong AI outlook, recommends gradual buying

AnalystEarningsIndustry Impact 4
โดย Kaohoon·TW·Read original
Summary · why it matters

Asia Plus Securities stated that Taiwan Semiconductor Manufacturing Company, or TSMC, reported August 2026 sales of 510 billion Taiwan dollars, up 10% from the previous month and up 35% compared with the same period last year, marking a continuing record high. Total sales in the first two months of the third quarter of 2026 came to 980 billion Taiwan dollars, up 49% from the same period last year, while total sales in the first eight months of 2026 reached 3.4 trillion Taiwan dollars, up 39% compared with the same period last year. Against the company's third-quarter 2026 sales target of approximately 1.44 to 1.48 trillion Taiwan dollars, Asia Plus assesses that in September 2026 TSMC does not need to significantly accelerate sales, since sales of roughly 460 to 500 billion Taiwan dollars would be enough to meet the quarter's target. Asia Plus views TSMC's August 2026 sales growth, which continues to set record highs, not merely as a positive factor specific to TSMC, but also as a reflection that demand for artificial intelligence, or AI, chips remains strong and that AI investment is still moving forward. Because TSMC is the world's largest chipmaker, its growth is regarded as a key indicator for the direction of the semiconductor industry as well as for other players in the supply chain. Asia Plus views TSMC as still one of the companies that benefit directly from the AI semiconductor cycle. However, Asia Plus recommends gradual buying, as it views TSMC's fundamentals as still strong but believes the share price has already priced in some of the positive factors, with TSMC shares up 58% since the start of the year, or year to date. TSMC is the world's largest semiconductor manufacturer, operating as a contract chipmaker, or foundry, for chip design companies that do not have their own fabrication plants, known as fabless firms, such as NVIDIA, AMD, Apple, Qualcomm and Broadcom. On the technical view, Asia Plus assesses TSMC shares as being in a sideways-up pattern, with support at 400 dollars and resistance at 480 dollars.

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