
TSM Stock Forecast & Price Target
TSM Analyst Ratings
Bulls say
Taiwan Semiconductor Manufacturing Company (TSMC) reported a notable 26% year-over-year revenue increase to $33.7 billion for the fourth quarter of 2025, with advanced process nodes (3nm, 5nm, and 7nm) contributing 77% of wafer revenue. The company anticipates a sequential revenue growth of approximately 4% for the first quarter of 2026, driven by strong demand from high-performance computing (HPC) customers amidst a typical seasonal downturn in smartphone demand. Furthermore, TSMC's earnings per American Depositary Share (ADS) forecast for the full year 2026 has been raised from $12.13 to $12.61, bolstered by an accelerated compounded annual growth rate (CAGR) for AI revenue in the mid- to high-50% range, contributing to an overall revenue CAGR expectation nearing 25%.
Bears say
Taiwan Semiconductor Manufacturing Company faces significant challenges that could adversely impact its financial outlook. The company's reliance on foreign currency exchange rates, particularly the USD/NTD, poses a risk, with potential fluctuations negatively affecting its consolidated revenue and operating margin. Additionally, concerns over capital expenditure management and capacity utilization indicate that even minor reductions in utilization could lead to substantial declines in gross margins, further straining profitability.
This aggregate rating is based on analysts' research of Taiwan Semiconductor Manufacturing and is not a guaranteed prediction by Public.com or investment advice.
TSM Analyst Forecast & Price Prediction
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