TSMC (TSM.US) 's 3M26 consolidated revenue was TWD1.134 trillion, up 8% QoQ and 35% YoY, slightly above the Company's guidance, HSBC Global Research issued a research report saying. The broker expected the Group's 1Q26 gross margin to be 65%, at the high end of guidance. Benefiting from higher revenue and margins, HSBC Global Research now forecasted TSMC (2330.TW)'s Taiwanese stock to post EPS of TWD20.71 for 1Q26, up 6% QoQ.Related NewsEIA Crude Oil Stocks Change for May/08 in the United States is -4.306M, lower than the previous value of -2.313M. The forecast was -2.10M.HSBC Global Research raised its 2026 capital expenditure forecast for the Group from US$54 billion to US$56 billion, and maintained an aggressive view on 2027 capital expenditure, increasing its estimation from US$64 billion to US$70 billion, above market consensus.Therefore, the broker elevated its target prices for TSMC's Taiwanese stock/ US stock from TWD2,400/ US$456.23 to TWD2,700/ US$502.03, with both ratings kept at Buy.(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
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