Tiger Brokers

TSMC's Guidance Beat to Prompt Consensus Upgrades -- Market Talk

Dow Jones
Jan 15

1017 GMT - Expect a "massive revision" to consensus projections after TSMC provided a 2026 outlook that beat market estimates, says tech analyst Nicolas Baratte, who publishes on Smartkarma. The Taiwanese contract chip maker supplying the likes of Nvidia and Apple guided for annual revenue growth of around 30% and 1Q gross profit margin of 63%-65%. By comparison, consensus was for revenue growth of 21% and gross margin of 59% this year, the analyst says. Given TSMC's higher revenue guidance and capital-expenditure intensity, with spending tipped to rise 27%-37% this year, 2026-2028 capex could reach $200 billion, he says in a brief note after the record 4Q earnings. "The recent Taiwan chatter was estimating $150 billion of capex over 2026-28," he notes. (farah.elias@wsj.com)

(END) Dow Jones Newswires

January 15, 2026 05:17 ET (10:17 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10