NVIDIA Corporation (NVDA) reported record revenues of $68.1 billion for the fiscal fourth quarter of 2026, a 73% increase year over year and a 20% sequential gain. The data center segment was the primary growth driver, generating $62.3 billion in revenue, up 75% year over year. NVIDIA forecasts revenue of approximately $78 billion for the fiscal first quarter of 2027, highlighting robust demand for AI and accelerated computing solutions.
Taiwan Semiconductor Manufacturing Company Limited (TSMC) achieved a net income of NT$572.48 billion in the first quarter ended March 31, 2026, representing a 58.3% increase year over year, with consolidated revenues of NT$1,134.10 billion, or $35.90 billion, a 40.6% increase. The company expects second-quarter revenues to reach $39 billion to $40.2 billion, driven by strong demand for advanced AI chips, while 74% of wafer revenues came from chips with a process node of 7-nanometers or smaller.
Despite TSMC’s strong performance, NVIDIA’s lower debt-to-equity ratio of 4.8% compared to TSMC’s 17% and its superior return on equity (ROE) of 101.5% against TSMC’s 37.9% indicate a more attractive investment opportunity. NVIDIA’s shares are also more reasonably valued, trading at a forward price/earnings ratio of 24.69 compared to TSMC’s 25.17, making NVDA the stronger buy currently.
