Business Context and Reporting Period
This Form 6-K filing by Taiwan Semiconductor Manufacturing Company Limited (TSMC) reports financial data for the month of January 2026. The report was signed on February 10, 2026, by Wendell Huang, Senior Vice President and Chief Financial Officer. The filing covers consolidated revenue, funds lent to subsidiaries, endorsements and guarantees, and financial derivative transactions.
Key Financial Metrics
- Net Revenue: NT$401.26 billion (NT$401,255 million) for January 2026.
- Profitability: The filing does not provide net income, operating profit, or margin data for the period.
- Cash Flow: The filing does not provide cash flow statement data.
- Liquidity and Debt: The filing does not provide total debt or liquidity ratios. However, it discloses outstanding guarantees totaling approximately NT$2.86 billion (sum of outstanding amounts for TSMC North America, TSMC Global, and TSMC Arizona).
- Derivatives: Outstanding notional amounts for forward margin payments across entities (TSMC, TSMC China, TSMC Nanjing, JASM) total approximately NT$242.6 billion.
Material Changes vs. Prior Period
- Month-over-Month (vs. December 2025): Net revenue increased by 19.8%, rising from NT$335.00 billion to NT$401.26 billion.
- Year-over-Year (vs. January 2025): Net revenue increased by 36.8%, rising from NT$293.29 billion to NT$401.26 billion.
- Derivative Realized P/L: Cumulative realized profit/loss on expired contracts varied by entity, with TSMC reporting a loss of NT$2.98 billion, while TSMC China, TSMC Nanjing, and JASM reported net gains.
Guidance, Outlook, and Risks
Guidance and Outlook: The filing text does not provide forward-looking guidance, revenue forecasts, or management commentary regarding future market conditions.
Risks and Contingencies:
- Related Party Lending: TSMC has outstanding loans to wholly-owned subsidiaries TSMC China (NT$15.36 billion) and TSMC Development (NT$1.88 billion).
- Guarantees: Significant guarantees are outstanding for subsidiaries including TSMC North America, TSMC Global, and TSMC Arizona.
- Derivative Exposure: The company holds significant outstanding notional amounts in forward margin payments, with a cumulative unrealized profit/loss of approximately NT$2.79 billion for the main TSMC entity.
Investor Verification Checklist
- Verify the sustainability of the 36.8% year-over-year revenue growth rate in subsequent monthly reports.
- Review the full annual report (Form 20-F) for detailed profitability margins and cash flow data not included in this monthly filing.
- Monitor the outstanding notional amounts of financial derivatives and their impact on future earnings volatility.
- Confirm the status of guarantees provided to international subsidiaries (North America, Arizona, Global) for potential contingent liabilities.