RaoscaffResearch
Prediction Series · Lock · Issue P-08
Prediction Series · P-08

TSMC's quarter, already two-thirds on the public record.

TSMC reports revenue monthly. April (NT$410.73B) and May (NT$416.98B) are already filed — NT$827.71B of the quarter is public. We lock Q2-2026 consolidated revenue at ≥ NT$1.23 trillion: it needs only ~NT$402B in June, below May's run-rate. This is the Prediction Series' core method — sum what's already public, lock the number the market is still 'waiting' for.

Type · Prediction Lock · corporate-KPI, component-sum Locked · 2026-06-20 · June monthly (~Jul 10) completes the input Resolves · 2026-07-16 · TSMC Q2-2026 results Scored · threshold Brier vs reported consolidated revenue
TSMC Q2-2026 consolidated revenue · our locked floor
≥ NT$1.23T
Apr 410.73B + May 416.98B already public = 827.71B

The lock needs only ~NT$402B in June — below May's NT$416.98B run-rate, against a +30% YTD trend. Two of three months are already filed; only June remains, and it files ~July 10, before the July 16 result.

— 1 · The Locked Forecast

Q2 revenue ≥ NT$1.23 trillion — mostly arithmetic.

We lock TSMC's reported Q2-2026 consolidated revenue at ≥ NT$1,230 billion. With April and May already public, this is a statement about one remaining month, not three.

TSMC Q2-2026 revenue build (NT$ billion)
MonthRevenueStatus
April 2026410.73filed (+17.5% YoY)
May 2026416.98filed (+30.1% YoY)
June 2026 (needed for lock)≥ ~402files ~Jul 10
Q2 total (locked floor)≥ 1,230resolves Jul 16
— 2 · The Data

Five months of +30% YTD, AI demand, a known run-rate.

TSMC's January–May 2026 cumulative revenue is NT$1.9618 trillion, up ~30% YoY, on sustained AI-accelerator demand. April printed NT$410.73B (+17.5% YoY) and May a record NT$416.98B (+30.1% YoY). For the Q2 lock to fail, June would have to fall below ~NT$402B — a sequential drop the current order book does not support.

Sources: TSMC April & May 2026 monthly revenue reports (pr.tsmc.com / investor.tsmc.com); SEC EDGAR 6-K (CIK 1046179); verified 2026-06-20.

— 3 · The Variant View

The market 'waits' for a number that's mostly already printed.

Sell-side notes still frame Q2 as forthcoming, but two-thirds of it is on the public record. Our edge is simply refusing to treat a near-determined sum as uncertain. The honest residual risk lives entirely in the single unfiled month — and we sized the floor below the established run-rate to absorb it.

— 4 · Methodology

Corporate-KPI: component-sum of public monthlies.

The P-05 method: build the quarterly KPI bottom-up from the issuer's own monthly filings, set the lock threshold below the run-rate so a single soft month can't break it, and score against the single reported integer. No FX modelling beyond TSMC's own reporting.

— 5 · Pre-Committed Post-Mortem

How we'd be wrong — named in advance.

A miss requires June revenue below ~NT$402B — e.g. a sharp NT$ appreciation, an earthquake/fab disruption, or an abrupt AI-order air-pocket in a single month. Each is low-probability against a +30% YTD book; together they leave ~7% of risk, which is our honest confidence gap.

Locked before the result — scored against TSMC's reported revenue.

RAOSCAFF locks P-08 on 2026-06-20. Two of the three component months are already public; the June filing (~July 10) completes the deterministic input before TSMC's July 16 Q2 results. We score the ≥ NT$1.23T threshold against the single reported consolidated-revenue figure.

Locked
2026-06-20 (commit timestamp)
Resolves
2026-07-16 — TSMC Q2-2026 results (input complete ~Jul 10)
Source
TSMC investor relations / SEC EDGAR (CIK 1046179)
Scored by
threshold Brier: reported Q2 consolidated revenue ≥ NT$1,230B?

The component months are public now — anyone can check the arithmetic before the lock resolves.