Earnings ·
Tower Semiconductor reported unaudited financial results for the six months ended June 30, 2026
TSEMTower Semiconductor Ltd
Tower Semiconductor reported unaudited financial results for the six months ended June 30, 2026. Revenue increased 19.6% year-over-year to $873.7 million from $730.2 million, driven by higher average selling prices and shipments of SiPho products. Gross profit rose to $248.7 million from $153.2 million, expanding margins to 28.5% from 21.0%. Operating profit nearly doubled to $154.9 million from $72.8 million. Net profit attributable to the company reached $155.8 million, or $1.36 diluted EPS per share, compared to $86.7 million and $0.77 diluted EPS in the prior year period. The company generated $686.9 million in operating cash flow, bolstered by a $282.6 million increase in customer advances. Tower Semiconductor operates in the semiconductor industry, specializing in silicon germanium (SiGe) and silicon photonics (SiPho) technologies.