TSM · Taiwan Semiconductor Manufacturing Company Limited

TSMC's April 2026 revenue of NT$410.73 billion reflects a typical seasonal decline of 1.1% from March's NT$415.19 billion, while demonstrating robust year-over-year growth of 17.5% from April 2025's NT$349.57 billion, signaling sustained demand in semiconductor manufacturing. The year-to-date figure of NT$1,544.83 billion, up 29.9% from the prior year, underscores strong cumulative performance through the first four months of 2026. These results were announced by Wendell Huang, Senior Vice President and CFO, highlighting TSMC's operational stability amid monthly fluctuations. Beyond revenue, the filing discloses ongoing related-party financing activities, with TSMC China maintaining outstanding loans of NT$7.87 billion to its wholly-owned subsidiary TSMC Nanjing within approved limits, and TSMC Development holding NT$2.85 billion outstanding to TSMC Washington. Guarantee exposures remain significant, totaling over NT$519 billion across wholly-owned subsidiaries: NT$2.63 billion to TSMC North America, NT$170.93 billion to TSMC Global, and NT$345.92 billion to TSMC Arizona, all within board-approved limits. Financial derivative positions, primarily forward contracts not applying hedge accounting, show TSMC's outstanding notional of NT$189.92 billion with a positive mark-to-market of NT$542 million and cumulative unrealized gain of NT$3.56 billion, alongside realized losses on expired contracts. Smaller positions exist at TSMC China, TSMC Nanjing, and Japan Advanced Semiconductor Mfg., Inc., with TSMC Global holding futures under hedge accounting. These disclosures provide transparency into TSMC's liquidity support for subsidiaries and risk management practices, material for investors tracking the company's global expansion and financial health.