Tower Semiconductor reports record Q2 revenue and profitability
Second quarter revenue reached $460 million, up 24% year-over-year, with net profit of $91 million and guidance for record Q3 revenue of $520 million.
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Analog semiconductor foundry
towersemi.comLast updated
In short: Tower Semiconductor reported record Q2 revenue and profits while announcing a $3 billion manufacturing expansion in Japan.
Second quarter revenue reached $460 million, up 24% year-over-year, with net profit of $91 million and guidance for record Q3 revenue of $520 million.
The dual-track plan adds SiPho and SiGe capacity, with $3B investment net of $1B grants, targeting $3.6B revenue by 2028.
The deal supports growth in silicon photonics for AI data centers and resolves IP disputes.
Customer prepayments of $290M received, with larger 2028 commitments expected.
Bank of America started Tower Semiconductor at Buy with a $367 target, betting on the optical chips that move data across AI data centers.
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Tower Semiconductor Ltd. (TSEM) reported a profit for its second quarter that Increases, from the same period last year The company's bottom line totaled $90.
This semiconductor stock has doubled in 2026 -- and the climb may not be ending anytime soon.
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