Business Context and Reporting Period
Taiwan Semiconductor Manufacturing Company Limited (TSMC) filed a Form 6-K reporting financial results for the month of March 2026 and the first quarter (January through March 2026). The report was signed on April 10, 2026, by Wendell Huang, Senior Vice President and Chief Financial Officer.
Key Financial Metrics
| Metric | March 2026 | Q1 2026 (Jan-Mar) |
|---|---|---|
| Net Revenue | NT$415.19 billion | NT$1,134.10 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 |
Note: This filing is a monthly revenue report and does not contain full income statement, balance sheet, or cash flow data.
Material Changes vs. Prior Period
- Month-over-Month (March vs. February 2026): Net revenue increased by 30.7%, rising from NT$317.66 billion to NT$415.19 billion.
- Year-over-Year (March 2026 vs. March 2025): Net revenue increased by 45.2%, rising from NT$285.96 billion to NT$415.19 billion.
- Quarter-over-Quarter (Q1 2026 vs. Q1 2025): Net revenue for the first three months increased by 35.1%, totaling NT$1,134.10 billion compared to NT$839.25 billion in the prior year period.
Outlook, Risks, and Contingencies
Management Commentary: The filing contains no forward-looking guidance, outlook statements, or management commentary beyond the announcement of revenue figures.
Contingencies and Related Party Transactions:
- Funds Lent: Outstanding loans to subsidiaries include NT$11.14 billion to TSMC China (Nanjing) and NT$2.89 billion to TSMC Washington.
- Guarantees: Outstanding guarantees provided to subsidiaries include NT$2.67 billion to TSMC North America, NT$208.42 billion to TSMC Global, and NT$350.41 billion to TSMC Arizona.
- Derivatives: The company holds financial derivative contracts (forwards and futures) for currency hedging. As of March 2026, there were cumulative unrealized losses of approximately NT$26.6 million on non-hedge accounting contracts and NT$12.2 million in unrealized gains on hedge accounting contracts.
Investor Verification Checklist
- Verify the 45.2% year-over-year revenue growth for March 2026 against analyst consensus estimates.
- Confirm the Q1 2026 total revenue of NT$1,134.10 billion and its impact on full-year guidance (not included in this filing).
- Review the outstanding guarantees totaling over NT$560 billion to subsidiaries for potential contingent liabilities.
- Monitor the currency exposure indicated by the derivative notional amounts (approx. NT$205 billion outstanding) given the significant unrealized losses on non-hedge contracts.
- Check subsequent filings for gross margin and net income figures, which are absent from this revenue-only report.