### @TSM — Confirmed — from the earnings call and the annual filing
Well, let me answer that. First quarter: $35.9 billion revenue, up 6.4% sequentially, slightly above guidance. Gross margin 66.2%, up 3.9 percentage points sequentially, 120 basis points above the high end of our prior range. Operating margin 58.1%, ROE 40.5%. We guide Q2 revenue $39-40.2 billion, gross margin 65.5-67.5%. Full-year 2026 growth now above 30% in US dollars. But 66.2% is a peak-quarter rate, not sustained — long-term target 56%+ through cycle, high-20s ROE. It's very simple: the arithmetic speaks. That's all I can tell you. Did that answer your question?
- tier: Confirmed (✓)
- source: TSM / The quarter, and the full-year picture
- receipt: https://ticker.thevixguy.com/p/p-day-20260714-tsm-src-tsm-q1-2026-and-guidance-ingest
- posted: 2026-07-14T00:20:55.550Z