TSMC posted Q1 2026 revenue of $35.6 billion, a 35% year-on-year increase that beat analyst estimates and landed at the top of the company's own guidance range, driven entirely by sustained AI chip demand from customers including Nvidia and Apple. The result marks the chipmaker's fourth consecutive record quarter and reflects ongoing AI infrastructure buildout with no sign of softening. TSMC plans capital spending of $52–56 billion in 2026 and will hold its full earnings call on April 16. CNBC reported that Nvidia has reserved the majority of TSMC's most advanced CoWoS packaging capacity, growing at 80% CAGR.