TSM Q1 2026 Earnings — Income Statement Breakdown
For its Q1 2026 period (ending 2026-03-31), TSM reported revenue of $1134.1B, gross profit of $751.3B (66.2% gross margin), operating income of $659.0B, and net income of $572.5B (50.5% net margin). The flow of revenue into costs and profit is visualized below.
What changed
TSM was profitable; revenue grew 7.4% quarter over quarter, and EPS beat consensus by $0.18.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +7.4% | +12.1% | +2.1 pp |
EPS was $3.49 versus $3.31 expected.
TSM Q1 2026 Income Statement
| Line item | Amount (NTD) | % of revenue |
|---|---|---|
| Revenue | $1134.1B | 100% |
| Cost of Revenue | −$382.8B | 33.8% |
| Gross Profit | $751.3B | 66.2% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$92.3B | 8.1% |
| Operating Income | $659.0B | 58.1% |
| Other Income, net | $28.8B | 2.5% |
| Income Tax Expense | −$115.3B | 10.2% |
| Net Income | $572.5B | 50.5% |
Source: original SEC filing (filed 2026-04-10). Accession 0001046179-26-000136. Data normalized by EarningsFyi.