87/100BTaiwan Semiconductor Manufacturing Company stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Taiwan Semiconductor Manufacturing Company is 585.57, 48.5% above the current price of 394.35. Their targets range from 500.00 to 700.00.
Of the 8 firms that rated Taiwan Semiconductor Manufacturing Company in the past 12 months, 7 rate it buy or strong buy, 1 hold and 0 sell or strong sell (each firm at its latest rating): a Strong buy consensus.
Analysts' 1-year price targets range from 500.00 to 700.00, with an average of 585.57.
| Buy | 7 | |
| Hold | 1 | |
| Sell | 0 |
12-month price target
| Highest target | 700.00 |
| Average target | 585.57 |
| Lowest target | 500.00 |
| Current price | 394.35 |
Taiwan Semiconductor Manufacturing Company price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Taiwan Semiconductor Manufacturing Company price target and rating?
How analysts rate Taiwan Semiconductor Manufacturing Company, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
7 of 8 firms rate it buy now, against 4 of 4 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Taiwan Semiconductor Manufacturing Company analyst upgrades, downgrades and price targets
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 16 Oct 2026 | Barclays Simon Coles | Reiterated · Overweight | 650.00 → 670.00 | +3.1% | 422.25 |
| 15 Oct 2026 | Needham Charles Shi | Reiterated · Buy | 530.00 → 560.00 | +5.7% | 430.00 |
| 1 Sept 2026 | Stifel Nicolaus | — | 515.00 | — | 414.00 |
| 11 Aug 2026 | Bernstein Mark Li | Reiterated · Outperform | 554.00 | — | 423.67 |
| 27 Jul 2026 | Needham Charles Shi | Reiterated · Buy | 480.00 → 530.00 | +10.4% | 403.41 |
| 17 Jul 2026 | D.A. Davidson | — | 450.00 → 500.00 | +11.1% | 409.74 |
| 17 Jul 2026 | Barclays | Reiterated · Overweight | 625.00 → 650.00 | +4.0% | 409.74 |
| 16 Jul 2026 | Susquehanna | Reiterated · Positive | 575.00 → 600.00 | +4.3% | 419.48 |
| 29 Jun 2026 | Barclays Simon Coles | — | 450.00 → 625.00 | +38.9% | 432.35 |
| 22 Jun 2026 | Susquehanna Mehdi Hosseini | Reiterated · Positive | 400.00 → 575.00 | +43.8% | 468.86 |
| 16 Jun 2026 | Jefferies | — | 700.00 | — | 441.40 |
| 16 Apr 2026 | Needham | Reiterated · Buy | 410.00 → 480.00 | +17.1% | 368.13 |
| 12 Feb 2026 | D.A. Davidson | — | 450.00 | — | 368.10 |
| 16 Jan 2026 | Barclays | Reiterated · Overweight | 355.00 → 450.00 | +26.8% | 341.64 |
| 15 Jan 2026 | Needham | Reiterated · Buy | 360.00 → 410.00 | +13.9% | 349.35 |
| 7 Dec 2025 | UBS | — | 330.00 | — | 294.72 |
Taiwan Semiconductor Manufacturing Company EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Taiwan Semiconductor Manufacturing Company's EPS to grow 41.3% a year until 2028, faster than over the last 5 years (28.3% a year) and the last 3 years (18.6%).
Analysts expect Taiwan Semiconductor Manufacturing Company's revenue to grow 35.9% a year until 2028, faster than over the last 5 years (23.3% a year) and the last 3 years (18.9%).
Revenue
EPS
Does Taiwan Semiconductor Manufacturing Company beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 5.7% off the result, either way, and their revenue estimate 1.3%, over the last 12 quarters.
- EPS beats
- 75 / 111
- Revenue beats
- 81 / 109
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +5.6%
- Since
- March 1998
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 15 Oct 2026 | 4.45 | 4.60 | +3.4% | 45.67B | 46.06B | +0.9% |
| Q2 FY2026 | 16 Jul 2026 | 3.81 | 4.22 | +10.8% | 39.83B | 40.20B | +0.9% |
| Q1 FY2026 | 15 Apr 2026 | 3.31 | 3.49 | +5.4% | 35.35B | 35.98B | +1.8% |
| Q4 FY2025 | 15 Jan 2026 | 2.90 | 3.09 | +6.6% | 33.01B | 33.14B | +0.4% |
| Q3 FY2025 | 16 Oct 2025 | 2.63 | 2.92 | +11.0% | 32.07B | 32.36B | +0.9% |
| Q2 FY2025 | 17 Jul 2025 | 2.38 | 2.50 | +5.0% | 30.21B | 31.75B | +5.1% |
| Q1 FY2025 | 15 May 2025 | 2.07 | 2.14 | +3.4% | 25.46B | 25.80B | +1.4% |
| Q4 FY2024 | 16 Jan 2025 | 2.20 | 2.19 | -0.5% | 26.24B | 26.38B | +0.5% |
| Q3 FY2024 | 14 Nov 2024 | 1.79 | 1.95 | +8.9% | 23.31B | 23.60B | +1.3% |
| Q2 FY2024 | 14 Aug 2024 | 1.41 | 1.47 | +4.3% | 20.33B | 20.66B | +1.6% |
| Q1 FY2024 | 18 Apr 2024 | 1.30 | 1.34 | +3.1% | 18.32B | 18.32B | +0.0% |
| Q4 FY2023 | 18 Jan 2024 | 1.38 | 1.46 | +5.8% | 19.68B | 19.80B | +0.6% |
Taiwan Semiconductor Manufacturing Company stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Taiwan Semiconductor Manufacturing Company's earnings grow at the 38.6% a year analysts expect to FY2028, then 15.0% a year, it would earn about 37.51 a share in FY2030. At the P/E it has traded at over the last five years (11.5 to 29.2) that is 430.85 to 1,094.46 a share, or 899.88 at its average P/E of 24.0. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 16.55 | 190.08 | 396.99 | 482.83 |
| FY2027 | 22.27 | 255.79 | 534.24 | 649.75 |
| FY2028 | 28.37 | 325.79 | 680.44 | 827.57 |
| FY2029 (extrapolated) | 32.62 | 374.65 | 782.50 | 951.70 |
| FY2030 (extrapolated) | 37.51 | 430.85 | 899.88 | 1,094.46 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 15.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (11.5, 24.0, 29.2).
Is Taiwan Semiconductor Manufacturing Company stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Taiwan Semiconductor Manufacturing Company's P/E of 26.4 is around the middle of its 5-year range (12.7 to 40.2, median 26.9). It is in line with its own history. Buyers pay less for each point of growth than usual: a PEG of 0.6 on expected growth against 1.0 on its median P/E and past five years' growth. At its usual P/E (31.6 × EPS of 14.92), Taiwan Semiconductor Manufacturing Company's fair value is 471.04; the price, 394.35, is 16.3% below it. Its forward P/E, on the consensus for FY2026, is 23.8.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (23.0 and 40.2). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 26.44
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 26.93
- Five-year P/E range
- 12.7 – 40.2
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 23.83
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 0.68
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +48.5%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.