On July 16, TSMC issued its performance outlook for the upcoming quarter, forecasting third-quarter revenue to range between US$44.6 billion and US$45.8 billion. The company also anticipated a gross margin of 65% to 67% and an operating margin of 56% to 58%, all of which surpassed market forecasts. Additionally, TSMC announced an increase in its capital expenditures for 2026, projecting a range of US$60 billion to US$64 billion. In response to these developments, TSMC's American depositary receipts experienced a decline of nearly 2% during after-hours trading.
