TSMC's profit growth accelerates to 77% as AI chip demand turns structural

TSMC posted Q2 2026 net profit of roughly USD 22 billion (T$706.6 billion), up 77% year-on-year and beating already elevated forecasts, per Reuters on July 16. Growth steepened from 58% in Q1. Revenue rose 36% to a record high. Two consecutive quarters of accelerating profit suggest AI chip demand is becoming a structural driver rather than a capacity-constrained burst.