Is Taiwan Semiconductor Stock a Buy Before July?
2026-06-05 20:01:00 ET
Taiwan Semiconductor Manufacturing (NYSE: TSM) is due to report its second-quarter 2026 earnings in mid-July and its monthly revenue figures next week. With shares trading near the 52-week high, should investors consider buying now?
The case for buying the stock is more than compelling . TSMC's first-quarter earnings were terrific. Revenue climbed over 35% year over year to $35.9 billion. The company's gross margin expanded to an impressive 66.2%, a sign of healthy pricing power for the chipmaker.
The company anticipates full-year revenue growth of more than 30%. TSMC's market cap passed $2 trillion on June 4, yet its forward P/E ratio is still around 27, and the price-to-sales ratio is slightly above 17. I do not believe the stock is overvalued based on the company's outlook.
NASDAQ: TSM
TSM Trading
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$429.77 Open:
