Why did TSMC raise spending even after a record quarter?
Even after beating estimates on both revenue and profit, TSMC raised its 2026 capital-expenditure guidance to $60-64 billion from $52-56 billion and announced $100 billion more in Arizona spending, bringing that commitment to $265 billion. The higher spending pressures near-term free cash flow, and total three-year capex is now set to exceed the prior three-year period.
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TSMC Posted a Record Profit — Chip Stocks Had a Brutal Week AnywayTSMC's Q2 profit jumped 77.4% to a record NT$706.6B and it raised 2026 capex to $60-64B, the same week Micron's CXMT scare sent chip stocks lower.
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