TSMC (2330) Posts Record Q1 Profit on AI Surge: Why Did TSM Stock Slip Despite a 58% Earnings Beat?

Taiwan Semiconductor Manufacturing Co. (TSMC) reported blockbuster first-quarter 2026 results on April 16, with net income skyrocketing 58% year-over-year to NT$572.5 billion. Despite smashing Wall Street targets and raising its full-year revenue guidance, TSMC (TPE: 2330) shares fell 2.40% to NT$2,035.00 on Friday, while its U.S.-listed ADRs (TSM) saw similar downward pressure.