FreeJune 16, 2026

TSMC Reports May 2026 Net Revenue of NT$416.98 Billion, Up 30.1% Year-Over-Year

TSMC's June 2026 Form 6-K discloses May 2026 consolidated net revenue of approximately NT$416.98 billion, reflecting a 30.1% increase from the same month in 2025 and a 1.5% sequential gain from April 2026.

Sourced from the primary SEC filing. 6-K filed June 10, 2026 · SEC EDGAR ↗

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Summary

Taiwan Semiconductor Manufacturing Company's latest monthly revenue filing shows continued strong year-over-year growth, with May 2026 consolidated net revenue rising 30.1% compared to May 2025. The five-month cumulative total through May 2026 reached NT$1,961.80 billion, representing a 30.0% increase over the same period in 2025. The filing also discloses subsidiary financing arrangements, intercompany guarantees, and foreign currency derivative positions maintained by the company and several of its wholly-owned subsidiaries.

Key metrics

Net Revenue (Monthly)

416,975NT$ million

+30.1%May 2026

Consolidated net revenue for May 2026; represents a 1.5% increase from April 2026.

Net Revenue (Monthly, Prior Year)

320,516NT$ million

May 2025

Prior-year comparable monthly net revenue used to calculate the 30.1% year-over-year change.

Month-over-Month Revenue Change

1.5%

May 2026 vs. April 2026

Sequential monthly change in consolidated net revenue from April 2026 to May 2026.

Year-over-Year Revenue Change (Monthly)

30.1%

May 2026 vs. May 2025

Year-over-year percentage increase in consolidated net revenue for the month of May.

Net Revenue (January–May Cumulative)

1,961,804NT$ million

+30.0%Jan–May 2026

Consolidated cumulative net revenue for the first five months of 2026.

Net Revenue (January–May Cumulative, Prior Year)

1,509,337NT$ million

Jan–May 2025

Prior-year comparable cumulative net revenue used to calculate the 30.0% year-over-year change.

Year-over-Year Revenue Change (Year-to-Date)

30.0%

Jan–May 2026 vs. Jan–May 2025

Year-over-year percentage increase in cumulative consolidated net revenue for the January-to-May period.

April 2026 Net Revenue

410,726NT$ million

April 2026

Prior month consolidated net revenue disclosed as reference for the month-over-month comparison.

Funds Lent to Other Parties — Outstanding Amount

2,821,950NT$ thousands

May 2026

Outstanding balance of funds lent by TSMC Development to TSMC Washington, a wholly-owned subsidiary, at end of May 2026.

Funds Lent to Other Parties — Board-Approved Amount

3,762,600NT$ thousands

May 2026

Amount approved by the Board of Directors for lending to TSMC Washington.

Endorsements and Guarantees — Outstanding (TSMC North America)

2,609,153NT$ thousands

May 2026

Outstanding guarantee provided by TSMC to TSMC North America, a wholly-owned subsidiary.

Endorsements and Guarantees — Outstanding (TSMC Global)

169,317,000NT$ thousands

May 2026

Outstanding guarantee provided by TSMC to TSMC Global, a wholly-owned subsidiary.

Endorsements and Guarantees — Outstanding (TSMC Arizona)

342,662,116NT$ thousands

May 2026

Outstanding guarantee provided by TSMC to TSMC Arizona, a wholly-owned subsidiary.

Forward Contracts — Outstanding Notional Amount (TSMC)

211,234,354NT$ thousands

May 2026

Notional amount of TSMC's outstanding forward derivative contracts not applying hedge accounting.

Forward Contracts — Mark to Market of Outstanding Contracts (TSMC)

722,513NT$ thousands

May 2026

Mark-to-market value of TSMC's outstanding forward contracts not applying hedge accounting.

Forward Contracts — Cumulative Unrealized Profit/Loss (TSMC)

3,737,709NT$ thousands

Jan–May 2026

Cumulative unrealized gain on TSMC's forward derivative contracts not applying hedge accounting.

Forward Contracts — Cumulative Realized Profit/Loss (TSMC)

(4,296,555)NT$ thousands

Jan–May 2026

Cumulative realized loss on expired TSMC forward derivative contracts not applying hedge accounting.

Extracted from public filings. Figures are presented for educational purposes only.

What the Filing Says

Taiwan Semiconductor Manufacturing Company Limited (TWSE: 2330; NYSE: TSM) filed a Form 6-K with the U.S. Securities and Exchange Commission on June 10, 2026, signed by Senior Vice President and Chief Financial Officer Wendell Huang. The filing covers the month of May 2026 and discloses: (1) monthly and year-to-date net revenue, (2) funds lent to other parties, (3) endorsements and guarantees provided to subsidiaries, and (4) financial derivative transactions. No segment-level revenue breakdown, earnings figures, or forward guidance are included in this particular filing.

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Revenue Performance

Monthly and Year-to-Date Figures

The table below reproduces the consolidated revenue data as reported in the filing (all figures in NT$ millions unless otherwise noted):

| Period | May 2026 | April 2026 | MoM Change | May 2025 | YoY Change | |---|---|---|---|---|---| | Net Revenue (NT$ millions) | 416,975 | 410,726 | +1.5% | 320,516 | +30.1% |

| Period | Jan–May 2026 | Jan–May 2025 | YoY Change | |---|---|---|---| | Cumulative Net Revenue (NT$ millions) | 1,961,804 | 1,509,337 | +30.0% |

May 2026 consolidated net revenue of approximately NT$416.98 billion represents both a sequential monthly increase of 1.5% from April 2026 (NT$410.73 billion) and a year-over-year increase of 30.1% from May 2025 (NT$320.52 billion). The five-month cumulative figure of NT$1,961.80 billion is likewise 30.0% above the NT$1,509.34 billion recorded over the same January-through-May period in 2025.

The filing presents revenue in NT$ thousands in its detailed schedule, confirming May 2026 net revenue of NT$416,975,163 thousand and the January–May 2026 cumulative figure of NT$1,961,803,721 thousand.

Context

This filing reports top-line revenue only on a consolidated basis. TSMC does not provide a technology-node or end-market revenue breakdown in its monthly 6-K revenue reports; such detail is disclosed separately in the company's quarterly earnings releases and annual filings. The 30% year-over-year growth rate is consistent with the trajectory TSMC has reported in prior months of 2026, though readers should note that monthly revenue figures are unaudited and reported in New Taiwan dollars, meaning U.S. dollar equivalents will fluctuate with the NT$/USD exchange rate.

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Subsidiary Financing: Funds Lent to Other Parties

The filing discloses one intercompany lending arrangement (figures in NT$ thousands):

| Lending Entity | Board-Approved Limit | Amount Approved | Outstanding Balance | |---|---|---|---| | TSMC Development | 33,700,918 | 3,762,600 | 2,821,950 |

The borrower is identified as TSMC Washington, described as a wholly-owned subsidiary of TSMC. This arrangement reflects TSMC's ongoing capital support for its U.S. manufacturing expansion, consistent with the company's previously disclosed plans to build advanced fabs in Arizona.

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Subsidiary Guarantees: Endorsements and Guarantees

TSMC discloses three active guarantee arrangements on behalf of wholly-owned subsidiaries (figures in NT$ thousands):

| Guarantor | Beneficiary Subsidiary | Board-Approved Limit | Amount Approved | Outstanding Amount | |---|---|---|---|---| | TSMC | TSMC North America | 2,356,384,101 | 2,609,153 | 2,609,153 | | TSMC | TSMC Global | 169,317,000 | 169,317,000 | 169,317,000 | | TSMC | TSMC Arizona | 470,040,786 | 342,662,116 | 342,662,116 |

The largest outstanding guarantee exposure by value relates to TSMC Arizona, at NT$342.66 billion outstanding against a board-approved limit of NT$470.04 billion. The guarantee to TSMC Global is fully drawn (NT$169.32 billion outstanding equals the approved amount). These guarantees represent contingent obligations of the parent company and are a routine disclosure mechanism under Taiwan securities regulations for foreign private issuers filing with the SEC.

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Financial Derivative Transactions

The filing discloses foreign currency derivative positions across multiple TSMC entities. These instruments are forward contracts used in the ordinary course of managing foreign exchange exposure. The filing separates them into two categories under accounting treatment.

Derivatives Not Applying Hedge Accounting (NT$ thousands)

| Entity | Outstanding Notional Amount | Mark-to-Market (Outstanding) | Cumulative Unrealized P/L | Cumulative Realized P/L (Expired) | |---|---|---|---|---| | TSMC | 211,234,354 | 722,513 | 3,737,709 | (4,296,555) | | TSMC China | 1,387,240 | 3,377 | (13,409) | 36,194 | | TSMC Nanjing | 3,406,120 | 5,591 | (18,885) | 67,425 | | Japan Advanced Semiconductor Mfg. (JASM) | — | — | (4,241) | 20,888 |

TSMC's principal forward book carries an outstanding notional of NT$211.23 billion with a positive mark-to-market of NT$722.5 million as of month-end. The cumulative realized loss on expired contracts at the TSMC parent level stands at NT$4.30 billion year-to-date, partially offset by NT$3.74 billion in cumulative unrealized gains on open positions. None of these instruments are equity price-linked products.

Derivatives Applying Hedge Accounting (NT$ thousands)

| Entity | Margin Payment | Outstanding Notional Amount | Mark-to-Market (Outstanding) | Cumulative Unrealized P/L | Cumulative Realized P/L (Expired) | |---|---|---|---|---|---| | TSMC Global | (9,877) | 319,821 | (3,138) | (2,354) | 17,558 |

TSMC Global maintains a smaller designated hedge book with an outstanding notional of NT$319.8 million. The mark-to-market on open contracts is slightly negative at NT$(3.1) million, while cumulative realized gains on expired contracts total NT$17.6 million.

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Key Observations from the Filing

Revenue growth rate remains elevated. Both the month-over-month (+1.5%) and year-over-year (+30.1%) figures for May 2026 continue the pattern of strong annual growth TSMC has reported in 2026, though the monthly sequential increase is modest.
Cumulative 2026 revenue pace. At NT$1,961.80 billion through five months, the company's 2026 revenue run rate on a cumulative basis is significantly ahead of the comparable 2025 period.
Subsidiary guarantee exposure is material. The NT$342.66 billion outstanding guarantee to TSMC Arizona underscores the scale of financial commitments associated with TSMC's overseas fab construction program.
Derivative positions are a routine FX management tool. The forward contract disclosures reflect TSMC's standard practice of hedging foreign currency revenues and costs; the filing does not indicate any unusual or speculative derivative activity.
No earnings or margin data. This filing is a monthly revenue and disclosure report only. Profitability, capital expenditure, and technology-node details are not included and would be found in TSMC's quarterly earnings materials.

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*This article is general, impersonal commentary based solely on the text of the referenced SEC filing. It does not constitute investment advice or a recommendation to buy, sell, or hold any security. Silicon Signal is not a registered investment adviser.*

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