CITIC Securities: Impressive Performance in First Quarter Report of Computing Power Companies, Continue to Have Strong Confidence in the Computing Power Industry Chain.

CITIC Securities report stated that TSMC released its first quarter financial report, with revenue reaching 35.898 billion US dollars, a 6.4% increase compared to the previous quarter. The gross profit for the first quarter reached 23.781 billion US dollars, with a gross profit margin of 66.2%, significantly higher than expected. The company expects revenue for the second quarter to be between 39 billion US dollars and 40.2 billion US dollars, with a gross profit margin expected to be between 65.5% and 67.5%. Revenue guidance is expected to increase by 10% compared to the previous quarter, surpassing the market's consensus expectation of 5%-10%. Inventec Corporation released its first quarter report for 2026, achieving operating income of 19.496 billion yuan, a year-on-year increase of 192.12%; net profit attributable to the company's shareholders reached 5.735 billion yuan, a year-on-year increase of 262.28%. The performance reflects strong demand for computing power. Companies in the computing power sector had outstanding performance in the first quarter, and continue to have a positive outlook on the computing power industry chain.