Earnings ·
Tower Semiconductor reports Q3 revenue of $526M, up 33%, guiding Q4 at $600M
TSEMTower Semiconductor Ltd
Tower Semiconductor reported third-quarter revenue of $526 million, a 33% increase from the prior-year period. Net profit reached a record $120 million, or $1.05 per diluted share, driven by strong demand in infrastructure and high-speed connectivity segments. The company provided fourth-quarter revenue guidance of $600 million, signaling continued growth momentum that projects annual 2026 revenue to reach approximately $2 billion. Tower Semiconductor is a leading foundry of high-value analog semiconductor solutions.