Taiwan Semiconductor Manufacturing Company (TSMC) is set to report its Q1 2026 earnings on April 16, with Wall Street expecting earnings per share (EPS) of $3.30, a more than 50% year-over-year increase. The company has already pre-reported Q1 revenue of approximately $35.76 billion, a 35% jump from a year ago, beating analyst consensus of $35.35 billion. This strong performance is largely attributed to sustained demand for artificial intelligence (AI) and high-performance computing chips.
Analyst sentiment is overwhelmingly positive. Aletheia Capital analyst Stefan Chang raised his price target to a street-high of $600, citing TSMC's capacity expansion and advanced chip packaging technologies. All seven analysts tracked by Visible Alpha maintain a Buy rating, with an average price target implying about 14.6% upside. Options markets are pricing in a potential stock move of roughly 5% following the earnings release.
Separately, Advanced Micro Devices (AMD) stock rose over 3% following the ratification of the UALink open accelerator interconnect standard, where AMD holds a leading role. The company is scheduled to report its Q1 2026 results on May 5. GF Securities analyst Jeff Pu forecasts a 28% rise in shipments and a 46% jump in revenue for AMD in 2026, driven by its server segment where it held a 41% value share in Q4 2025. Aletheia Capital also reaffirmed its Buy rating on AMD with a $333 price target.
Both reports highlight the critical role these semiconductor giants play in the global AI infrastructure buildout, with their performance serving as a key indicator for the broader tech and crypto mining hardware sectors.
