# TSMC: August revenue grows, packaging capacity still needs separate evidence

> Agent-assisted, human-reviewed Constraint Alpha research note. Confidence: medium.

Published: 2026-09-20T19:42:19Z  
Research as of: 2026-09-20  
Scope: company / TSMC (TSM / 2330)

## Summary

TSMC reports unaudited August revenue of NT$514.806 billion, up 53.3% year over year. January-August revenue totals NT$3,386.870 billion, up 39.3%.

## What changed

- The monthly table reports July revenue of NT$467.580 billion and August revenue of NT$514.806 billion; the approximately 10.1% sequential increase is calculated from those figures.
- Values are consolidated revenue in New Taiwan dollars, not US dollars or AI-only revenue. The source labels 2026 figures unaudited.
- September revenue was blank when checked on September 20. The source date below denotes August period end rather than the announcement date.

## Why it matters

The release updates demand and revenue context for the NVDA/AMD shared-foundry example. It does not measure CoWoS utilization, packaging lead times, customer allocation or HBM supply.

## Evidence

- [TSMC: 2026 monthly revenue table](https://investor.tsmc.com/english/monthly-revenue/2026) — August reporting period and unaudited January-August totals; as_of denotes period end, not publication date. Accessed September 20. (as of 2026-08-31)

Member-only thesis, risk, catalyst, falsification, and score fields are intentionally excluded.  
Canonical URL: https://constraintalpha.com/research/tsmc-august-2026-revenue