THE FOUNDRY INDUSTRY HIT A RECORD $48.8B IN 1Q26, +32% Y/Y AND +3% Q/Q IN SEASONALLY SOFT Q1, MARKING THE 9TH CONSECUTIVE QUARTER OF Y/Y GROWTH. 2Q26E TRACKS TO $54.7B (+29% Y/Y, +12% Q/Q), WITH UTILI

THE FOUNDRY INDUSTRY HIT A RECORD $48.8B IN 1Q26, +32% Y/Y AND +3% Q/Q IN SEASONALLY SOFT Q1, MARKING THE 9TH CONSECUTIVE QUARTER OF Y/Y GROWTH. 2Q26E TRACKS TO $54.7B (+29% Y/Y, +12% Q/Q), WITH UTILIZATION CLIMBING BROADLY ACROSS FOUNDRIES. TSMC CONCENTRATION KEPT WIDENING. 95%+ OF INCREMENTAL Q/Q REVENUE, 92% OF INDUSTRY GROSS PROFIT POOL, AND 73.6% REVENUE SHARE (+213 BPS Q/Q, +472 BPS Y/Y), THE HIGHEST CONCENTRATION ON RECORD. EX-TSMC GREW +12% Y/Y IN 1Q26. (1/6) 🧵 — VIA @SEMIANALYSIS_

Record $48.8B in seasonally soft Q1 with 9th consecutive y/y growth and accelerating 2Q26E guidance.