Stock Track | Tower Semiconductor Soars 5.01% Intraday on Strong Q2 Earnings Beat and Upbeat Q3 Guidance

Stock Track

08/05

Tower Semiconductor (TSEM) shares surged 5.01% during intraday trading on Tuesday, extending gains after the company reported record second-quarter results and provided an upbeat third-quarter revenue outlook.

The semiconductor foundry posted Q2 revenue of $460.1 million, surpassing analyst estimates of $454.7 million, while adjusted earnings per share came in at $0.88, well above the consensus of $0.76. Net profit soared 95% year-over-year to $90.77 million, driven by what CEO Russell Ellwanger described as “powerful demand momentum” across key business units, including a triple-digit increase in silicon photonics revenue.

Adding to the bullish sentiment, Tower Semiconductor guided for Q3 revenue of $520 million, significantly exceeding the FactSet consensus of $490 million and representing 31% year-over-year growth. The company also raised its 2028 revenue target to $3.6 billion, reflecting confidence in sustained customer demand and capacity expansion.

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The company also raised its 2028 revenue target to $3.6 billion, reflecting confidence in sustained customer demand and capacity expansion.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSEM","symbol_name":"Tower半導體","start_time":0,"source_url":"","article_id":"1112939931","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1112939931","pubTimestamp":1785866438,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Tower Semiconductor (TSEM) shares surged 5.01% during intraday trading on Tuesday, extending gains after the company reported record second-quarter results and provided an upbeat third-quarter...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSEM":"Tower半导体"},"translate_title":"股票跟踪 | Tower Semiconductor 因强劲的第二季度盈利和乐观的第三季度指引，盘中飙升 5.01%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSEM":1},"content_text":"Tower Semiconductor (TSEM) shares surged 5.01% during intraday trading on Tuesday, extending gains after the company reported record second-quarter results and provided an upbeat third-quarter revenue outlook.The semiconductor foundry posted Q2 revenue of $460.1 million, surpassing analyst estimates of $454.7 million, while adjusted earnings per share came in at $0.88, well above the consensus of $0.76. 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