Q3 Revenue Tops Consensus at $526.2M, EPS $1.05
TSEM has more than doubled off its 52-week low of $80.63 on elevated volume (2.9× avg).
Summary
Tower beat the IBES revenue estimate, posting $526.161 million against $520.2 million expected, with EPS of $1.05 and net income of $119.885 million. The top line keeps climbing from the $460 million booked in Q2, when the company also topped the $454.7 million consensus and raised guidance. Momentum is being fed by the silicon photonics ramp — the NewPhotonics high-volume optical engine shipments announced in September and the expanded Semtech SiGe capacity deal in October. The beat is modest on revenue but confirms the growth trend rather than breaking it, and the company guided fourth-quarter revenue to $600 million, plus or minus 5%, up 36% year over year, a record outlook that points to $2 billion in annual revenue for 2026. Watch the November 25 extraordinary general meeting, where shareholders vote on a revised executive compensation plan.
At the time of this announcement, TSEM was trading at $172.25 on NASDAQ in the Technology sector, with a market capitalization of approximately $18.9B. The 52-week trading range was $80.63 to $319.94. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.