This Thursday, July 15, TSMC will unveil its second-quarter earnings report. According to a FactSet survey, a consensus of 25 analysts forecasts a 53% surge in TSMC's net profit, reaching NT$379.415 billion (approximately US$12.91 billion), marking a new quarterly record. This compares to NT$247.845 billion recorded in the same period last year. In terms of revenue, TSMC's second-quarter earnings, based on monthly data calculations, grew by 39% to NT$933.8 billion (approximately US$31.77 billion), surpassing the company's previous guidance range of US$28.4 billion to US$29.2 billion. TSMC has demonstrated robust performance in the first half of the year and is projected to achieve approximately 20% revenue growth by 2025. However, Citibank cautions that uncertainties related to US tariffs and pre-tariff front-loading activities may prevent TSMC from revising its growth forecast upwards. Analysts advise investors to keep a close eye on TSMC's demand for advanced processes and the clarity of artificial intelligence orders over the next two to three years.