The Revenue LinesWide moat

TSMC (TSM) — moat facet

Five platforms and one factory: high-performance computing supplied 78% of TSMC's 2025 growth, and the smaller lines are being left behind rather than shrinking.

TSMC sells one thing, a processed wafer, and reports one business. Its filing says so without ornament: the company "has only one operating segment, the foundry segment."1 The five lines on the revenue chart are TSMC's own sorting of its customers by end market, not five divisions with their own factories and their own profit statements. That shapes everything on these pages. There is no margin by line to read, so the question of which line earns the profit has to be answered from which wafers each line buys.

Increase in revenue by platform, 2025 (NT$ billion)High-perf. computing+716.0Smartphone+105.7Automotive+47.3Internet of Things+25.5Others+20.1Consumer electronics+0.04TSMC Form 20-F FY2025, net revenue by platform
Of a NT$914.7 billion increase in 2025, high-performance computing supplied 78%; consumer electronics added almost nothing.

The split is stark. In 2025 high-performance computing brought in NT$2,192.9 billion of NT$3,809.1 billion of revenue, 57.6% of the total, and smartphones NT$1,110.8 billion, or 29.2%.23 The three smaller lines together came to about 13%: internet of things NT$191.0 billion, automotive NT$186.7 billion, and consumer electronics with the unclassified remainder NT$127.6 billion.4 Eight years earlier the order ran the other way. In 2017 smartphones were 51.6% of revenue and high-performance computing 27.2%.56

Growth is more lopsided than size. Revenue rose NT$914.7 billion in 2025 and high-performance computing supplied NT$716.0 billion of the increase, about 78%; in 2024 it supplied NT$542.1 billion of a NT$732.6 billion rise, about 74%.78 Over 2017 to 2025 high-performance computing compounded at 30.2% a year, automotive at 19.8%, internet of things at 17.7% and smartphones at 10.4%, while consumer electronics shrank at 3.4% a year and sold less in 2025 than in 2017.910 Management's own summary of 2025 put high-performance computing up 48%, smartphones up 11%, internet of things 15% and automotive 34%, with consumer electronics flat.11 By the June 2026 quarter high-performance computing was 66% of revenue and smartphones 22%, and customers based in North America, where most of the AI-chip designers sit, accounted for 78% of revenue.12

Profit follows the node rather than the platform, and the node table is published. Wafers at 7 nanometres and below were 74% of wafer revenue in 2025, up from 69%.13 The high-performance computing line is described in the filing entirely in terms of those technologies, from 7-nanometre FinFET down to the 2-nanometre nanosheet; the internet-of-things line is described with planar processes back to 55 nanometres.14 Gross margin went from 54.4% in 2023 to 56.1% in 2024 and 59.9% in 2025, the same three years in which high-performance computing rose from 43% to 58% of revenue.15 That is a coincidence of timing, not an allocation, and TSMC itself explains its margin with utilisation, cost and pricing. But on inference, the line that buys the newest wafers is the one that pays for most of the capital budget and earns most of the margin, and the lines that buy mature wafers ride on factories that were paid for years ago.

The pages that follow take the five lines in the order of the chart. High-performance computing is the company now, and the reasons its buyers changed are told under Major Clients, in The Customers Who Stopped Being Chip Companies, with the concentration risk in AI Concentration Is a Boom That Can Bust. Smartphones are the line that built TSMC and the only large one with a pronounced season. Internet of things and automotive are each about a twentieth of revenue and move with the mature nodes rather than the leading edge; automotive is the one that grew fastest outside computing. Consumer electronics is the only line that is smaller than it was eight years ago.

What would change the picture is not the size of the big line but whether the small ones keep up. In the June 2026 quarter the four lines other than high-performance computing were 34% of revenue, against 72.8% in 2017.1617 If that share stops falling, TSMC has a second engine again; if it keeps falling toward a quarter, the whole company is one bet on data-centre spending, however many platforms the chart shows.

Moat trajectory: Widening

The profit-rich line is growing fastest: high-performance computing went from 43% of revenue in 2023 to 66% by mid-2026, and it is the line that buys the most expensive wafers.

The number that tests this moat
Moat Explorer calc
Share of revenue from the four lines other than high-performance computing, latest quarter
34% in 2Q26, against 42.4% for 2025 and 72.8% for 2017

The other lines are growing in money but shrinking as a share. If the share stops falling, TSMC has a second engine; if it keeps falling toward a quarter, the company is one bet on data-centre spending.

How it's calculated: 100% less HPC's share: 66% in 2Q26; 2,192,931/3,809,054 = 57.6% in 2025; 265,394/977,447 = 27.2% in 2017.
Source: TSMC 2Q26 Management Report and Forms 20-F FY2019 and FY2025 (Moat Explorer calc) ↗
Dig deeper
DIG DEEPER 01
High-Performance Computing
The data centre is TSMC now: 58% of 2025 revenue, 66% by mid-2026, and the part of the company that buys every new node first.
DIG DEEPER 02
Smartphone
The line that built TSMC has halved as a share and doubled in money since 2017; phones still pay for new nodes, but no longer set the company's pace.
DIG DEEPER 03
Internet of Things
A low-power, mostly mature-node line that boomed in 2022, fell 17% in 2023 and has still not climbed back to its peak.
DIG DEEPER 04
Automotive
Small, sticky and on the car industry's calendar: the only line that grew through the 2023 downturn, and a quadrupling since 2017 that still leaves it…
DIG DEEPER 05
Consumer Electronics & Other
Televisions, set-top boxes and an unexplained remainder: the only line that sells less than it did in 2017, and a remnant of the old TSMC rather than…
References
  1. ReportedIts filing says so without ornament: the company "has only one operating segment, the foundry segment."
    TSMC Form 20-F FY2025 - net revenue by platform 2023-2025 (NT$ millions): HPC 934,769 / 1,476,891 / 2,192,931; smartphone 814,914 / 1,005,130 / 1,110,816; IoT 161,917 / 165,516 / 191,047; automotive 133,654 / 139,323 / 186,667; digital consumer electronics 47,000 / 47,961 / 47,997; others 69,482 / 59,487 / 79,596; total 2,161,736 / 2,894,308 / 3,809,054; increases from HPC of NT$716,040 million (48%) and NT$542,122 million (58%) and from smartphone of NT$105,686 million (11%) and NT$190,216 million (23%); platform descriptions; only one operating segment, the foundry segment; gross margin 54.4%, 56.1% and 59.9%; 7-nanometer and below 74% of wafer revenue in 2025, up from 69%; ESMC in Dresden (Fab 24) and up to EUR5 billion of German state aid agreed December 2024 — FY2023-FY2025 · publ. April 2026 · source ↗
  2. ReportedIn 2025 high-performance computing brought in NT$2,192.9 billion of NT$3,809.1 billion of revenue, 57.6% of the total, and smartphones NT$1,110.8 billion, or 29.2%.
    TSMC Form 20-F FY2025 - net revenue by platform 2023-2025 (NT$ millions): HPC 934,769 / 1,476,891 / 2,192,931; smartphone 814,914 / 1,005,130 / 1,110,816; IoT 161,917 / 165,516 / 191,047; automotive 133,654 / 139,323 / 186,667; digital consumer electronics 47,000 / 47,961 / 47,997; others 69,482 / 59,487 / 79,596; total 2,161,736 / 2,894,308 / 3,809,054; increases from HPC of NT$716,040 million (48%) and NT$542,122 million (58%) and from smartphone of NT$105,686 million (11%) and NT$190,216 million (23%); platform descriptions; only one operating segment, the foundry segment; gross margin 54.4%, 56.1% and 59.9%; 7-nanometer and below 74% of wafer revenue in 2025, up from 69%; ESMC in Dresden (Fab 24) and up to EUR5 billion of German state aid agreed December 2024 — FY2023-FY2025 · publ. April 2026 · source ↗
  3. Moat Explorer calcIn 2025 high-performance computing brought in NT$2,192.9 billion of NT$3,809.1 billion of revenue, 57.6% of the total, and smartphones NT$1,110.8 billion, or 29.2%.
    Moat Explorer calculation from TSMC's Forms 20-F FY2019, FY2022 and FY2025 and quarterly management reports: platform shares of revenue (HPC 2,192,931/3,809,054 = 57.6% in 2025 and 265,394/977,447 = 27.2% in 2017; smartphone 29.2% in 2025 and 51.6% in 2017; IoT 5.0% and 5.3%; automotive 4.9% and 4.5%; consumer electronics 1.3% and 6.5%; the four non-HPC lines 72.8% in 2017 and 34% in 2Q26); 2025 revenue increase NT$914,746 million, of which HPC 78.3%, and 2024 NT$732,572 million, of which 74.0%; 2017-2025 compound annual growth HPC 30.2%, automotive 19.8%, IoT 17.7%, smartphone 10.4%, consumer electronics -3.4%; year-on-year changes HPC +28.8%, -7.6%, +39.3%, +33.6%, +58.6%, +0.3%, +58.0%, +48.5% (2018-2025), smartphone 2023 -8.3% and 2020 +23.2%, IoT 2023 -17.4% and 2024 +2.2%, automotive 2022 +73.5%, 2023 +14.8%, 2024 +4.2%, 2025 +34.0%, company revenue 2023 -4.5%; IoT 2025 of NT$191.0 billion 2.6% below 2022's NT$196.1 billion; consumer electronics 2025 23.9% below 2017 while company revenue grew 3.9 times, and 1/46 of HPC in 2025 against 24% in 2017; consumer electronics and others NT$127.6 billion (3.3%); 2Q26 HPC revenue about 66% x NT$1,270.38 billion against 60% x NT$933.79 billion, about half as much again, on rounded platform shares — 2017 to 2Q26 · publ. 2026-09-23 · source ↗
  4. ReportedThe three smaller lines together came to about 13%: internet of things NT$191.0 billion, automotive NT$186.7 billion, and consumer electronics with the unclassified remainder NT$127.6 billion.
    TSMC Form 20-F FY2025 - net revenue by platform 2023-2025 (NT$ millions): HPC 934,769 / 1,476,891 / 2,192,931; smartphone 814,914 / 1,005,130 / 1,110,816; IoT 161,917 / 165,516 / 191,047; automotive 133,654 / 139,323 / 186,667; digital consumer electronics 47,000 / 47,961 / 47,997; others 69,482 / 59,487 / 79,596; total 2,161,736 / 2,894,308 / 3,809,054; increases from HPC of NT$716,040 million (48%) and NT$542,122 million (58%) and from smartphone of NT$105,686 million (11%) and NT$190,216 million (23%); platform descriptions; only one operating segment, the foundry segment; gross margin 54.4%, 56.1% and 59.9%; 7-nanometer and below 74% of wafer revenue in 2025, up from 69%; ESMC in Dresden (Fab 24) and up to EUR5 billion of German state aid agreed December 2024 — FY2023-FY2025 · publ. April 2026 · source ↗
  5. ReportedIn 2017 smartphones were 51.6% of revenue and high-performance computing 27.2%.
    TSMC Form 20-F FY2019 - net revenue by platform 2017-2019 on the platform basis adopted in 2019 (NT$ millions): smartphone 504,175 / 466,452 / 523,613; HPC 265,394 / 341,910 / 315,822; IoT 51,776 / 65,092 / 86,343; automotive 43,871 / 51,710 / 47,914; digital consumer electronics 63,097 / 58,470 / 53,733; others 49,134 / 47,840 / 42,560; total 977,447 / 1,031,474 / 1,069,985; 2019 increases from smartphone NT$57,161 million (12%) and IoT NT$21,251 million (33%), offset by HPC down NT$26,088 million (8%); 2018 increases from HPC NT$76,516 million (29%) and IoT NT$13,316 million (26%), offset by smartphone down NT$37,723 million (7%) — FY2017-FY2019 · publ. April 2020 · source ↗
  6. Moat Explorer calcIn 2017 smartphones were 51.6% of revenue and high-performance computing 27.2%.
    Moat Explorer calculation from TSMC's Forms 20-F FY2019, FY2022 and FY2025 and quarterly management reports: platform shares of revenue (HPC 2,192,931/3,809,054 = 57.6% in 2025 and 265,394/977,447 = 27.2% in 2017; smartphone 29.2% in 2025 and 51.6% in 2017; IoT 5.0% and 5.3%; automotive 4.9% and 4.5%; consumer electronics 1.3% and 6.5%; the four non-HPC lines 72.8% in 2017 and 34% in 2Q26); 2025 revenue increase NT$914,746 million, of which HPC 78.3%, and 2024 NT$732,572 million, of which 74.0%; 2017-2025 compound annual growth HPC 30.2%, automotive 19.8%, IoT 17.7%, smartphone 10.4%, consumer electronics -3.4%; year-on-year changes HPC +28.8%, -7.6%, +39.3%, +33.6%, +58.6%, +0.3%, +58.0%, +48.5% (2018-2025), smartphone 2023 -8.3% and 2020 +23.2%, IoT 2023 -17.4% and 2024 +2.2%, automotive 2022 +73.5%, 2023 +14.8%, 2024 +4.2%, 2025 +34.0%, company revenue 2023 -4.5%; IoT 2025 of NT$191.0 billion 2.6% below 2022's NT$196.1 billion; consumer electronics 2025 23.9% below 2017 while company revenue grew 3.9 times, and 1/46 of HPC in 2025 against 24% in 2017; consumer electronics and others NT$127.6 billion (3.3%); 2Q26 HPC revenue about 66% x NT$1,270.38 billion against 60% x NT$933.79 billion, about half as much again, on rounded platform shares — 2017 to 2Q26 · publ. 2026-09-23 · source ↗
  7. ReportedRevenue rose NT$914.7 billion in 2025 and high-performance computing supplied NT$716.0 billion of the increase, about 78%; in 2024 it supplied NT$542.1 billion of a NT$732.6 billion rise, about 74%.
    TSMC Form 20-F FY2025 - net revenue by platform 2023-2025 (NT$ millions): HPC 934,769 / 1,476,891 / 2,192,931; smartphone 814,914 / 1,005,130 / 1,110,816; IoT 161,917 / 165,516 / 191,047; automotive 133,654 / 139,323 / 186,667; digital consumer electronics 47,000 / 47,961 / 47,997; others 69,482 / 59,487 / 79,596; total 2,161,736 / 2,894,308 / 3,809,054; increases from HPC of NT$716,040 million (48%) and NT$542,122 million (58%) and from smartphone of NT$105,686 million (11%) and NT$190,216 million (23%); platform descriptions; only one operating segment, the foundry segment; gross margin 54.4%, 56.1% and 59.9%; 7-nanometer and below 74% of wafer revenue in 2025, up from 69%; ESMC in Dresden (Fab 24) and up to EUR5 billion of German state aid agreed December 2024 — FY2023-FY2025 · publ. April 2026 · source ↗
  8. Moat Explorer calcRevenue rose NT$914.7 billion in 2025 and high-performance computing supplied NT$716.0 billion of the increase, about 78%; in 2024 it supplied NT$542.1 billion of a NT$732.6 billion rise, about 74%.
    Moat Explorer calculation from TSMC's Forms 20-F FY2019, FY2022 and FY2025 and quarterly management reports: platform shares of revenue (HPC 2,192,931/3,809,054 = 57.6% in 2025 and 265,394/977,447 = 27.2% in 2017; smartphone 29.2% in 2025 and 51.6% in 2017; IoT 5.0% and 5.3%; automotive 4.9% and 4.5%; consumer electronics 1.3% and 6.5%; the four non-HPC lines 72.8% in 2017 and 34% in 2Q26); 2025 revenue increase NT$914,746 million, of which HPC 78.3%, and 2024 NT$732,572 million, of which 74.0%; 2017-2025 compound annual growth HPC 30.2%, automotive 19.8%, IoT 17.7%, smartphone 10.4%, consumer electronics -3.4%; year-on-year changes HPC +28.8%, -7.6%, +39.3%, +33.6%, +58.6%, +0.3%, +58.0%, +48.5% (2018-2025), smartphone 2023 -8.3% and 2020 +23.2%, IoT 2023 -17.4% and 2024 +2.2%, automotive 2022 +73.5%, 2023 +14.8%, 2024 +4.2%, 2025 +34.0%, company revenue 2023 -4.5%; IoT 2025 of NT$191.0 billion 2.6% below 2022's NT$196.1 billion; consumer electronics 2025 23.9% below 2017 while company revenue grew 3.9 times, and 1/46 of HPC in 2025 against 24% in 2017; consumer electronics and others NT$127.6 billion (3.3%); 2Q26 HPC revenue about 66% x NT$1,270.38 billion against 60% x NT$933.79 billion, about half as much again, on rounded platform shares — 2017 to 2Q26 · publ. 2026-09-23 · source ↗
  9. ReportedOver 2017 to 2025 high-performance computing compounded at 30.2% a year, automotive at 19.8%, internet of things at 17.7% and smartphones at 10.4%, while consumer electronics shrank at 3.4% a year and sold less in 2025 than in 2017.
    TSMC Form 20-F FY2019 - net revenue by platform 2017-2019 on the platform basis adopted in 2019 (NT$ millions): smartphone 504,175 / 466,452 / 523,613; HPC 265,394 / 341,910 / 315,822; IoT 51,776 / 65,092 / 86,343; automotive 43,871 / 51,710 / 47,914; digital consumer electronics 63,097 / 58,470 / 53,733; others 49,134 / 47,840 / 42,560; total 977,447 / 1,031,474 / 1,069,985; 2019 increases from smartphone NT$57,161 million (12%) and IoT NT$21,251 million (33%), offset by HPC down NT$26,088 million (8%); 2018 increases from HPC NT$76,516 million (29%) and IoT NT$13,316 million (26%), offset by smartphone down NT$37,723 million (7%) — FY2017-FY2019 · publ. April 2020 · source ↗
  10. Moat Explorer calcOver 2017 to 2025 high-performance computing compounded at 30.2% a year, automotive at 19.8%, internet of things at 17.7% and smartphones at 10.4%, while consumer electronics shrank at 3.4% a year and sold less in 2025 than in 2017.
    Moat Explorer calculation from TSMC's Forms 20-F FY2019, FY2022 and FY2025 and quarterly management reports: platform shares of revenue (HPC 2,192,931/3,809,054 = 57.6% in 2025 and 265,394/977,447 = 27.2% in 2017; smartphone 29.2% in 2025 and 51.6% in 2017; IoT 5.0% and 5.3%; automotive 4.9% and 4.5%; consumer electronics 1.3% and 6.5%; the four non-HPC lines 72.8% in 2017 and 34% in 2Q26); 2025 revenue increase NT$914,746 million, of which HPC 78.3%, and 2024 NT$732,572 million, of which 74.0%; 2017-2025 compound annual growth HPC 30.2%, automotive 19.8%, IoT 17.7%, smartphone 10.4%, consumer electronics -3.4%; year-on-year changes HPC +28.8%, -7.6%, +39.3%, +33.6%, +58.6%, +0.3%, +58.0%, +48.5% (2018-2025), smartphone 2023 -8.3% and 2020 +23.2%, IoT 2023 -17.4% and 2024 +2.2%, automotive 2022 +73.5%, 2023 +14.8%, 2024 +4.2%, 2025 +34.0%, company revenue 2023 -4.5%; IoT 2025 of NT$191.0 billion 2.6% below 2022's NT$196.1 billion; consumer electronics 2025 23.9% below 2017 while company revenue grew 3.9 times, and 1/46 of HPC in 2025 against 24% in 2017; consumer electronics and others NT$127.6 billion (3.3%); 2Q26 HPC revenue about 66% x NT$1,270.38 billion against 60% x NT$933.79 billion, about half as much again, on rounded platform shares — 2017 to 2Q26 · publ. 2026-09-23 · source ↗
  11. ReportedManagement's own summary of 2025 put high-performance computing up 48%, smartphones up 11%, internet of things 15% and automotive 34%, with consumer electronics flat.
    TSMC 4Q25 earnings call transcript - in 4Q25 DCE decreased 22%; for 2025 HPC increased 48% and smartphone, IoT and automotive 11%, 15% and 34%, while DCE remained flat; revenue from AI accelerators accounted for high-teens percent of total revenue in 2025, with AI accelerator revenue growth forecast to approach a mid-to-high-fifties per cent CAGR for 2024-2029; N2 entered high-volume manufacturing in 4Q25 with strong demand from smartphone and HPC/AI; TSMC supplies most high-end smartphones, which are less sensitive to memory prices — 4Q25 call · publ. January 15, 2026 · source ↗
  12. ReportedBy the June 2026 quarter high-performance computing was 66% of revenue and smartphones 22%, and customers based in North America, where most of the AI-chip designers sit, accounted for 78% of revenue.
    TSMC 2Q26 Quarterly Management Report - net revenue NT$1,270.38 billion against NT$933.79 billion in 2Q25; gross margin 67.7%; HPC 66%, smartphone 22%, IoT 5%, automotive 4%, DCE 1%, others 2% of net revenue (2Q25: HPC 60%, smartphone 27%); sequentially, revenue from HPC, IoT, automotive, DCE and others increased 20%, 4%, 15%, 5% and 5%, while smartphone decreased 4%; North America 78% of net revenue; 7nm and below 77% of wafer revenue — 2Q26 · publ. July 16, 2026 · source ↗
  13. ReportedWafers at 7 nanometres and below were 74% of wafer revenue in 2025, up from 69%.
    TSMC Form 20-F FY2025 - net revenue by platform 2023-2025 (NT$ millions): HPC 934,769 / 1,476,891 / 2,192,931; smartphone 814,914 / 1,005,130 / 1,110,816; IoT 161,917 / 165,516 / 191,047; automotive 133,654 / 139,323 / 186,667; digital consumer electronics 47,000 / 47,961 / 47,997; others 69,482 / 59,487 / 79,596; total 2,161,736 / 2,894,308 / 3,809,054; increases from HPC of NT$716,040 million (48%) and NT$542,122 million (58%) and from smartphone of NT$105,686 million (11%) and NT$190,216 million (23%); platform descriptions; only one operating segment, the foundry segment; gross margin 54.4%, 56.1% and 59.9%; 7-nanometer and below 74% of wafer revenue in 2025, up from 69%; ESMC in Dresden (Fab 24) and up to EUR5 billion of German state aid agreed December 2024 — FY2023-FY2025 · publ. April 2026 · source ↗
  14. ReportedThe high-performance computing line is described in the filing entirely in terms of those technologies, from 7-nanometre FinFET down to the 2-nanometre nanosheet; the internet-of-things line is described with planar processes back to 55 nanometres.
    TSMC Form 20-F FY2025 - net revenue by platform 2023-2025 (NT$ millions): HPC 934,769 / 1,476,891 / 2,192,931; smartphone 814,914 / 1,005,130 / 1,110,816; IoT 161,917 / 165,516 / 191,047; automotive 133,654 / 139,323 / 186,667; digital consumer electronics 47,000 / 47,961 / 47,997; others 69,482 / 59,487 / 79,596; total 2,161,736 / 2,894,308 / 3,809,054; increases from HPC of NT$716,040 million (48%) and NT$542,122 million (58%) and from smartphone of NT$105,686 million (11%) and NT$190,216 million (23%); platform descriptions; only one operating segment, the foundry segment; gross margin 54.4%, 56.1% and 59.9%; 7-nanometer and below 74% of wafer revenue in 2025, up from 69%; ESMC in Dresden (Fab 24) and up to EUR5 billion of German state aid agreed December 2024 — FY2023-FY2025 · publ. April 2026 · source ↗
  15. ReportedGross margin went from 54.4% in 2023 to 56.1% in 2024 and 59.9% in 2025, the same three years in which high-performance computing rose from 43% to 58% of revenue.
    TSMC Form 20-F FY2025 - net revenue by platform 2023-2025 (NT$ millions): HPC 934,769 / 1,476,891 / 2,192,931; smartphone 814,914 / 1,005,130 / 1,110,816; IoT 161,917 / 165,516 / 191,047; automotive 133,654 / 139,323 / 186,667; digital consumer electronics 47,000 / 47,961 / 47,997; others 69,482 / 59,487 / 79,596; total 2,161,736 / 2,894,308 / 3,809,054; increases from HPC of NT$716,040 million (48%) and NT$542,122 million (58%) and from smartphone of NT$105,686 million (11%) and NT$190,216 million (23%); platform descriptions; only one operating segment, the foundry segment; gross margin 54.4%, 56.1% and 59.9%; 7-nanometer and below 74% of wafer revenue in 2025, up from 69%; ESMC in Dresden (Fab 24) and up to EUR5 billion of German state aid agreed December 2024 — FY2023-FY2025 · publ. April 2026 · source ↗
  16. ReportedIn the June 2026 quarter the four lines other than high-performance computing were 34% of revenue, against 72.8% in 2017.
    TSMC 2Q26 Quarterly Management Report - net revenue NT$1,270.38 billion against NT$933.79 billion in 2Q25; gross margin 67.7%; HPC 66%, smartphone 22%, IoT 5%, automotive 4%, DCE 1%, others 2% of net revenue (2Q25: HPC 60%, smartphone 27%); sequentially, revenue from HPC, IoT, automotive, DCE and others increased 20%, 4%, 15%, 5% and 5%, while smartphone decreased 4%; North America 78% of net revenue; 7nm and below 77% of wafer revenue — 2Q26 · publ. July 16, 2026 · source ↗
  17. Moat Explorer calcIn the June 2026 quarter the four lines other than high-performance computing were 34% of revenue, against 72.8% in 2017.
    Moat Explorer calculation from TSMC's Forms 20-F FY2019, FY2022 and FY2025 and quarterly management reports: platform shares of revenue (HPC 2,192,931/3,809,054 = 57.6% in 2025 and 265,394/977,447 = 27.2% in 2017; smartphone 29.2% in 2025 and 51.6% in 2017; IoT 5.0% and 5.3%; automotive 4.9% and 4.5%; consumer electronics 1.3% and 6.5%; the four non-HPC lines 72.8% in 2017 and 34% in 2Q26); 2025 revenue increase NT$914,746 million, of which HPC 78.3%, and 2024 NT$732,572 million, of which 74.0%; 2017-2025 compound annual growth HPC 30.2%, automotive 19.8%, IoT 17.7%, smartphone 10.4%, consumer electronics -3.4%; year-on-year changes HPC +28.8%, -7.6%, +39.3%, +33.6%, +58.6%, +0.3%, +58.0%, +48.5% (2018-2025), smartphone 2023 -8.3% and 2020 +23.2%, IoT 2023 -17.4% and 2024 +2.2%, automotive 2022 +73.5%, 2023 +14.8%, 2024 +4.2%, 2025 +34.0%, company revenue 2023 -4.5%; IoT 2025 of NT$191.0 billion 2.6% below 2022's NT$196.1 billion; consumer electronics 2025 23.9% below 2017 while company revenue grew 3.9 times, and 1/46 of HPC in 2025 against 24% in 2017; consumer electronics and others NT$127.6 billion (3.3%); 2Q26 HPC revenue about 66% x NT$1,270.38 billion against 60% x NT$933.79 billion, about half as much again, on rounded platform shares — 2017 to 2Q26 · publ. 2026-09-23 · source ↗
Sources
Generated September 23, 2026