TSMC reports record July revenue as N2 production ramps

TSMC reported record July revenue as capacity expansion, customer commitments and execution continued to support growth. Revenue increased 5.6% from June and rose 44.7% year-over-year, pointing to stronger demand in a market where the company was already selling all available wafer capacity amid sustained AI-related expansion.

Revenue from January through July 2026 rose 37.0% compared with the same period in 2025. TSMC began high-volume manufacturing of its N2 process in June, but the node currently accounts for only 3% of revenue, compared with 30% for the 3 nm node and 33% for the 5 nm node.

TSMC’s fabs currently produce about 20,000 wafers per month on the latest 2 nm N2 node. The company is scaling high-volume manufacturing and aims to produce about 100,000 N2 wafers per month by the end of 2026, a shift that could lift the node to more than 10% of overall revenue share as N2 wafers carry higher pricing.