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Tower Semiconductor Beats Expectations, Raises Growth Forecast for 2026

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Globes · 2 hours ago

What happened

Tower Semiconductor exceeded its Q2 2026 revenue forecast with $460 million and projects 31% growth next quarter, aiming to surpass $500 million quarterly revenue. The company also reported record profitability and plans major capacity expansions to meet rising demand, expecting over $1 billion in annualized sales by Q4 2026.

01Tower Semiconductor's Q2 2026 revenue rose 24% to $460 million, beating forecasts.
02The company expects 31% revenue growth in Q3, surpassing $500 million quarterly revenue.
03Operating profit reached a record $90 million, more than doubling year-over-year.
04Net profit was $91 million, accounting for 20% of revenues.
05CEO Russell Alwanger announced strategic investments to expand production capacity through 2026.
06SiPho technology sales grew triple digits, with annualized sales hitting $680 million in Q2 2026.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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Russell Alwanger