Is Taiwan Semiconductor Stock a Buy Before July?

Taiwan Semiconductor Manufacturing reports second-quarter 2026 earnings on July 15. First-quarter revenue reached $35.9 billion, up 35% year over year. Gross margin expanded to 66.2%. The company expects full-year revenue growth of over 30%. Shares trade at a forward P/E of 27 and price-to-sales ratio of 17.5. A revenue slowdown in May could prompt a stock decline, creating a buying opportunity for long-term investors.