TSMC reported July net revenue of NT$467.58bn on 10 August, up 5.6% from June and 44.7% from July 2025. Revenue for January through July reached NT$2,872.06bn, up 37.0% year on year.
The arithmetic checks out
The cumulative figure reconciles precisely against TSMC's own half-year table: first-half revenue of NT$2,404,484m plus July's NT$467,580m gives exactly the reported total. The year-on-year rate back-solves to a July 2025 base of roughly NT$323.2bn, matching last year's filing. This is the seventh consecutive month above 35% growth.
What the release does not contain
TSMC's monthly filing is two numbers and a comparison. It carries no breakdown by node, platform or customer — no AI figure, no HPC figure, nothing. Coverage reading "AI demand drove July" is importing the 66% HPC share disclosed at the July quarterly call and applying it to a month TSMC has not segmented. The inference is reasonable; it is still an inference.
Ahead of its own raised bar
At the 16 July second-quarter call TSMC lifted full-year 2026 revenue growth guidance to slightly above 40%. July printing at 44.7% puts the monthly run rate above the guide TSMC had just raised, which is the part that matters to anyone modelling accelerator supply for the rest of the year.
Quote it in New Taiwan dollars
TSMC publishes NT$ only. The dollar conversions circulating in wire copy range from US$14.5bn to US$16.0bn purely because outlets picked different exchange rates for the same filing. The figures are also unaudited, as every TSMC monthly report is.