Taiwan Semiconductor Manufacturing Company (TSMC) reported record revenue for May 2026. Net sales reached approximately NT$416.98 billion (US$13.2 billion). This figure represents a 30.1% increase year-over-year. Monthly revenue rose 1.5% compared to April. Total revenue for the first five months of 2026 climbed 30% over the previous year.
UBS designated TSMC as a top semiconductor stock pick following the report. Analysts expect the emergence of agentic AI to drive demand for a broad range of processors. The firm highlighted TSMC’s essential role in manufacturing advanced chips. UBS anticipates that rising investments in chip factories will benefit the company as the AI cycle extends.