Tower Semiconductor (TSEM) shares are soaring 5.19% in intraday trading on Wednesday following the company's impressive first-quarter earnings report and optimistic second-quarter guidance. The semiconductor manufacturer demonstrated resilience in a challenging market environment, surpassing analyst expectations and signaling continued growth.

For the first quarter of 2025, Tower Semiconductor reported adjusted earnings of $0.45 per share, significantly beating the FactSet consensus estimate of $0.38. While this represents a slight decrease from $0.46 per share in the same quarter last year, it showcases the company's ability to maintain profitability amid market fluctuations. Revenue for the quarter reached $358.2 million, up 9% year-over-year and marginally higher than the analyst forecast of $358.1 million.

Adding to the positive sentiment, Tower Semiconductor provided an encouraging outlook for the second quarter of 2025. The company expects Q2 revenue to be approximately $372 million, surpassing the FactSet consensus estimate of $371.3 million. This guidance suggests a continued upward trajectory in the company's financial performance, driving investor optimism. CEO Russell Ellwanger highlighted record revenue achievements in RF infrastructure, including SiPho and SiGe technologies, and expressed confidence in further growth across various business segments despite geopolitical uncertainties.