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U.S.-listed shares of Taiwan Semiconductor rose 0.7% in the premarket after the chipmaker posted second-quarter earnings that beat expectations.

The company earned NT$247.85 billion on revenue of NT$673.51 billion. Analysts polled by LSEG expected net income of NT$238.8 billion on revenue of NT$657.58 billion.

CEO C.C. Wei pointed to strong demand for the company’s AI chips as a source for the strong results. He noted that he tries to “reach the supply and demand balance, but I cannot. Today, the demand is so high I had to work very hard to meet customer demand.”

“The supply continues to be pretty tight, all the way through 2025,” Wei warned, adding that the firm hopes the tight supply can ease in 2026.

— Fred Imbert, Sheila Chiang

Check out the companies making headlines in after hours trading.

• Discover Financial Services — Shares rose 2.7% after Discover Financial Services reported results from its second quarter. The bank and payments company posted net interest income of $3.52 billion, topping the FactSet consensus estimate of $3.46 billion. Earnings came in at $6.06 per share, beating analysts’ estimates of $3.10 per share.
• Kinder Morgan — Shares dropped 2.8% after Kinder Morgan posted quarterly results that were below expectations. The pipeline operator reported second-quarter adjusted earnings of 25 cents per share, less than the 26 cents per share anticipated by analysts polled by FactSet. Revenue also missed expectations.
• United Airlines — The stock was down slightly, by 0.3% after United Airlines reported a mixed second quarter. The company posted second-quarter adjusted earnings of $4.14 per share, above the LSEG consensus estimate of $3.93 per share. However, revenue of $14.99 billion was below the expected $15.06 billion.

Read the full list here.

— Sarah Min

Stock futures opened higher Wednesday night.

Dow Jones Industrial Average futures rose 48 points, or 0.12%. S&P 500 futures and Nasdaq 100 futures climbed 0.15% and 0.27%, respectively.

— Sarah Min