TSMC Q2 Revenue Beats at $39.62B Amid Iran-Driven Market Sell-Off

TSM-2.94%

On Monday, TSMC shares fell 0.2% despite robust second-quarter results, as a broader market sell-off linked to U.S.-Iran escalation dampened investor sentiment. Revenue in the April-June period reached NT$1.27 trillion ($39.62 billion), beating Reuters estimates of NT$1.264 trillion, with June sales surging 37% to NT$401.26 billion.

According to Koyfin data, 33 out of 34 analysts rate TSMC 'Buy' or higher. The company will release its full results and guidance on Thursday.

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