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<Research>BofAS Raises TSMC's TP to USD500, Envisions 2Q Sales to Grow 7-9% QoQ
Driven by a strong backlog of high-performance computing (HPC) orders, TSMC (TSM.US) is expected to post 2Q26 sales growth of 7-9% QoQ, according to a report from BofA Securities. ...
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<Research>BofAS Raises TSMC's TP to USD500, Envisions 2Q Sales to Grow 7-9% QoQ
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Driven by a strong backlog of high-performance computing (HPC) orders, TSMC (TSM.US)      is expected to post 2Q26 sales growth of 7-9% QoQ, according to a report from BofA Securities. Meanwhile, the company's gross margin is likely to record a moderate QoQ expansion, rising to around 66% from the 63-65% guidance for 1Q26.

The report also highlighted that TSMC is moving toward its full-year sales growth target of 30% YoY, with 2H26 sales expected to increase by 16% compared with 1H26.

Related NewsInitial Jobless Claims for Apr/18 in the United States is 214K, higher than the previous value of 208K. The forecast was 212K.
Regarding the recent Middle East conflict and Elon Musk's Terafab plan, BofA Securities believes the impact on TSMC's operations and competitive advantages will be limited. The broker has kept a Buy rating for TSMC and raised its target price to USD500 from USD470.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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