美银数据：台积电亚利桑那工厂营收持续走高，盈利呈现波动态势 Bank of America: TSMC Arizona Fab Revenue Keeps Climbing, but Profit Pattern Uneven
美国银行数据显示，台积电亚利桑那工厂对集团营收和利润的贡献持续提升，但盈利表现波动；2026年第二季度营收创下新高，利润却环比下滑。 According to Bank of America data, TSMC's Arizona fab is contributing an increasing share of group revenue and profit, though profitability remains volatile; Q2 2026 revenue hit a record high while profit declined.
美国银行（Bank of America）最新数据显示，台积电亚利桑那工厂在整个集团营收和利润中的占比持续提升。该工厂拥有台积电在美国最先进的芯片生产线，但自项目启动以来，美国更高的建设成本一直引发外界担忧。
三阶段规划与封装瓶颈
台积电亚利桑那园区共规划三个阶段。其中第一阶段已投入运营，主要采用4纳米制程生产半导体；近期有报道称，该工厂正在为英伟达生产AI GPU。由于台积电高端封装产能仍主要集中在台湾，这些芯片完成晶圆制造后需空运至台湾进行封装。第二阶段将采用3纳米制程，第三阶段将引入2纳米和1.6纳米技术。此外，园区第一座先进封装工厂已开工建设。
财务数据关键点
- 2025年第一季度首次实现盈利。
- 2025年第二季度：贡献台积电约1%利润，营收占比2%。
- 2025年第三季度利润贡献下降，随后恢复增长。
- 2026年第一季度：利润贡献率超3%，营收占比大致相当。
- 2026年第二季度：营收占比继续提升，但利润贡献率再次低于3%。
具体来看，亚利桑那工厂2026年第二季度营收创新高，超过400亿新台币（约合84.84亿元人民币），但利润低于190亿新台币（约合40.3亿元人民币）。同期台积电整体营收达1.2万亿新台币（约合2545.2亿元人民币），同比增长36%。
亚利桑那工厂在2025年第一季度首次实现盈利，此后其对台积电整体营收和利润的贡献持续增加。
According to the latest data from Bank of America, TSMC's Arizona fab is accounting for an increasing share of the group's revenue and profit. The fab runs TSMC's most advanced chip production lines in the U.S., but higher construction costs in America have raised concerns since the project began.
Three-phase plan and packaging bottleneck
The Arizona site is planned in three phases. Phase 1 is already operational, mainly producing semiconductors on a 4-nm process. Recent reports say the fab is producing AI GPUs for NVIDIA. As TSMC's advanced packaging capacity remains mostly in Taiwan, the finished wafers are air-freighted to Taiwan for final packaging. Phase 2 will adopt a 3-nm process, and Phase 3 will introduce 2-nm and 1.6-nm technologies. In addition, construction of the site's first advanced packaging fab has begun.
Key financial data points
- First turned profitable in Q1 2025.
- Q2 2025: contributed ~1% of TSMC's profit and 2% of revenue.
- Q3 2025: profit contribution declined, then resumed growth.
- Q1 2026: profit contribution exceeded 3%, with a similar revenue share.
- Q2 2026: revenue share continued to rise, but profit contribution fell below 3% again.
Specifically, the Arizona fab's Q2 2026 revenue hit a record high of more than NT$40 billion (approx. RMB 8.484 billion), while profit was below NT$19 billion (approx. RMB 4.03 billion). In the same period, TSMC's overall revenue reached NT$1.2 trillion (approx. RMB 254.52 billion), up 36% year over year.
The Arizona fab first became profitable in Q1 2025, and its contribution to TSMC's overall revenue and profit has kept increasing since then.
来源
- IT之家 · 08-20 06:58