Business Context and Reporting Period
Taiwan Semiconductor Manufacturing Company Limited (TSMC) filed Form 6-K reporting financial results for the month of June 2026 and the first half of the year (January through June 2026). The report was signed on July 13, 2026, by Wendell Huang, Senior Vice President and Chief Financial Officer.
Key Financial Metrics
| Metric | June 2026 | Jan-Jun 2026 |
|---|---|---|
| Net Revenue | NT$442.68 billion | NT$2,404.48 billion |
| Profit/Loss | Not provided in filing | Not provided in filing |
| Cash Flow | Not provided in filing | Not provided in filing |
| Margins | Not provided in filing | Not provided in filing |
| Debt | Not provided in filing | Not provided in filing |
| Liquidity | Not provided in filing | Not provided in filing |
Derivative Transactions (June 2026):
- Outstanding Notional Amount (Non-Hedge): NT$210.91 billion (TSMC), NT$2.49 billion (TSMC China), NT$7.09 billion (TSMC Nanjing).
- Cumulative Unrealized Profit/Loss (Non-Hedge): NT$621.20 million (TSMC), NT$(25.71) million (TSMC China), NT$(51.15) million (TSMC Nanjing).
- Cumulative Realized Profit/Loss (Non-Hedge): NT$(4.43) billion (TSMC), NT$34.05 million (TSMC China), NT$60.56 million (TSMC Nanjing).
Material Changes vs. Prior Period
- Month-over-Month (June 2026 vs. May 2026): Net revenue increased by 6.2% (from NT$416.98 billion to NT$442.68 billion).
- Year-over-Year (June 2026 vs. June 2025): Net revenue increased by 67.9% (from NT$263.71 billion to NT$442.68 billion).
- Year-to-Date (Jan-Jun 2026 vs. Jan-Jun 2025): Net revenue increased by 35.6% (from NT$1,773.05 billion to NT$2,404.48 billion).
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future outlook, or specific risk factors beyond the disclosure of financial derivative positions and guarantees.
Guarantees and Lending:
- Funds Lent: Outstanding amount of NT$2.87 billion lent to TSMC Washington (wholly-owned subsidiary).
- Endorsements/Guarantees: Total outstanding guarantees of approximately NT$3.18 billion provided to wholly-owned subsidiaries (TSMC North America, TSMC Global, TSMC Arizona).
Investor Verification Checklist
- Verify the 67.9% year-over-year revenue growth for June 2026 against industry benchmarks and competitor performance.
- Confirm the 35.6% year-to-date revenue growth trend and its sustainability into the second half of 2026.
- Review the derivative exposure details, specifically the NT$210.91 billion outstanding notional amount and the associated unrealized losses/gains.
- Check subsequent filings for profit margins and cash flow data, which are absent in this revenue-only report.
- Monitor the status of guarantees provided to subsidiaries (North America, Global, Arizona) for any changes in exposure.