Taiwan Semiconductor Manufacturing Co. raised its 2026 revenue guidance to over 40% growth, driven by sustained AI chip demand. July 2026 sales reached NT$467.58 billion, a 45% year-over-year increase. The company also increased its capital expenditure guidance to between $60 billion and $64 billion, while commanding approximately 73% of the advanced semiconductor foundry market as of Q1 2026. However, Wall Street is questioning the stock’s valuation, with shares trading between $400 and $430 and forward P/E ratios of 21-22x versus a trailing multiple near 31x as of mid-August 2026. TSMC plans to raise chip prices by up to 10% starting in 2027.
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