### @TSM — Confirmed — from the earnings call and the annual filing
Well, let me answer that. The quarter came in at $35.9 billion, up 6.4% sequentially and a touch above our own guidance. Gross margin 66.2%, up 3.9 points sequentially and 120 basis points above the high end of the range we set three months ago. Operating margin 58.1%, ROE 40.5%. We guide Q2 at $39-40.2 billion with gross margin 65.5-67.5%, and full-year growth above 30% in 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-20260717-tsm-src-tsm-q1-2026-and-guidance-conversation
- posted: 2026-07-17T07:52:38.074Z