TSMC Q2 Net Profit Surges 77% YoY, DRAM Price Growth Expected to Peak in Q4 2026

TSMC reports record Q2 profit but stock drops on CAPEX fears. Goldman Sachs forecasts DRAM price growth peaking in Q4 2026. US jobless claims fall short of expectations.

Woofun AI data shows that TSMC reported a 77% year-on-year increase in net profit to 706.6 billion New Taiwan dollars for the second quarter of 2026, a historical high that surpassed market expectations. Despite the strong financial results, TSMC’s U.S. stock declined by 4.5% in pre-market trading as investors reacted negatively to anticipated significant increases in future capital expenditures. Morgan Stanley expects the growth rate of DRAM contract prices to peak in the fourth quarter of 2026, followed by a significant year-on-year decline, and notes that storage company valuations await reassessment.

Meanwhile, initial jobless claims in the U.S. for the week ending July 11 were 208,000, lower than the expected 217,000.

BlackRock CEO Larry Fink stated he is no longer concerned about excessive leverage in the Bitcoin and cryptocurrency markets and expressed being "very optimistic" about the market outlook for the next 12 months. In South Korea, nearly 320,000 leveraged retail accounts were liquidated in the past month, resulting in total losses of about 21.5 trillion Korean won. The U.S. Senate unanimously passed a resolution stating that FTX founder Sam Bankman-Fried should not receive a presidential pardon or commutation under any circumstances.