[TSMC Pre-Market Rises Over 2%, Citi Predicts Increased 2026 Revenue Guidance] Reported by Golden Finance, on July 6, TSMC (TSM.US) rose 2.58% pre-market, trading at $445.36. According to reports, TSMC is scheduled to announce its second-quarter earnings in mid-July. Citi's report indicates that TSMC may further raise its 2026 revenue growth forecast during the upcoming earnings call, primarily driven by sustained demand for advanced chips and improved long-term visibility. Compared to its peers, TSMC's most notable advantage lies in its production capacity scale. "Despite intensifying competition in the foundry sector, this scale advantage will continue to support wafer pricing, customer loyalty, and the sustainability of gross margins," Citi stated. Additionally, Citi emphasized that regardless of changes in customer structure, TSMC will remain a key beneficiary of the ongoing growth in AI semiconductor demand. Furthermore, Goldman Sachs raised its target price for TSMC ADRs from $550 to $600 ahead of the second-quarter earnings release, reiterating its "Buy" rating. Goldman Sachs believes that demand for AI and high-performance computing (HPC) has become a structural growth driver for TSMC over the years. Last quarter, the firm observed even stronger momentum for 2027, particularly driven by demand for AI accelerators and server CPUs. In advanced process nodes and advanced packaging, demand continues to significantly outpace supply. Goldman Sachs expects TSMC to further accelerate its capacity expansion and capital expenditures, while ongoing productivity improvements and strategic pricing will push gross margins toward structurally higher levels in 2027 and beyond. (Gelonghui)