TSMC Quarterly Revenue US $36 billion (up 41% YoY)

**TSMC Q1 2026 Quarterly Results** Revenue = US $35.9 billion (up 40.6% YoY) * *Guidance was US $34.6 to US $35.8 billion* Gross Margin = 66.2% (up 12.6% YoY) * *Guidance was 63% to 65%* Net Income = US $18.1 billion (up 65.3% YoY) * *Net Profit Margin = 50.5% (up 17.5% YoY)* Earnings Per Share = US $3.49 (up 64.6% YoY) Free Cash Flow = US $11 billion (up 23% YoY) Efficiency Metrics * Accounts Receivable Turnaround Days = 26 (down 7.1% YoY) *Bullish signal: customers paying on time; no cash flow or product quality red flags* * Inventory Turnaround Days = 80 (down 3.6%YoY) *Bullish signal: high demand and efficient production.* Revenue by Platform (Top 3) * High Performance Computing = 61% (YoY growth rate +4%) * Smartphone = 26% (YoY growth rate -7%) * Internet of Things = 6% (YoY growth rate +20%) *Average Exchange Rate NTD/USD = 31.59 (down 1% YoY)* ---------- Position: Long TSM. NFA