Tower Semiconductor Reports Record Profits, Strong Outlook, Stock Rises
Translated & summarized from Calcalist by baba
Tower Semiconductor exceeded third-quarter revenue expectations with a record $526 million and projected fourth-quarter revenues of $600 million. The company reported a 120% increase in adjusted net profit to $120 million, though adjusted earnings per share slightly missed analyst forecasts. The strong financial performance led to a 4.5% rise in the company's stock price in pre-market trading.
The story in 5 lines · by baba
- Tower Semiconductor reported record third-quarter revenues of $526 million, surpassing market expectations.
- The company forecasts fourth-quarter revenues to reach $600 million, a 36% increase over Q4 2025.
- Tower's adjusted net profit surged 120% to a record $120 million in the third quarter.
- Adjusted earnings per share were $1.05, slightly below the expected $1.07.
- The company's stock rose 4.5% in pre-market trading following the announcement.
Tower Semiconductor announced its third-quarter financial results, surpassing market expectations with record revenues of $526 million, a 33% increase compared to the same period last year. Analysts had projected revenues of $521.8 million. The company also issued an optimistic forecast for the fourth quarter, predicting revenues of $600 million, which would represent a 36% growth over the final quarter of 2025. The company's stock reacted positively, climbing 4.5% in pre-market trading.
Tower Semiconductor's adjusted operating profit saw a significant surge, more than doubling to $127 million, a 149% increase from $51 million in the prior-year period. Adjusted net profit also experienced substantial growth, jumping 120% to a record $120 million. However, the adjusted earnings per share came in slightly below market expectations, reported at $1.05 compared to the anticipated $1.07.
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