Tower Semiconductor Ltd. has announced its financial results for the first quarter of 2025, reporting revenues of $358 million, a 9% increase compared to $327 million in the same period of 2024. The company's gross profit for the quarter stood at $73 million, consistent with the previous year's first quarter, while operating profit was slightly lower at $33 million compared to $34 million in 2024. The company has also provided guidance for the second quarter of 2025, projecting revenues of $372 million with a possible variation of 5%. This forecast reflects an anticipated 6% year-over-year revenue growth. Tower Semiconductor remains optimistic about continued quarter-over-quarter revenue growth throughout 2025. Significant business developments include record revenue achievements in RF infrastructure, which encompasses SiPho and SiGe technologies. The company is targeting further growth in these areas, as well as in its high voltage 200mm power management and sensors business. Additionally, Tower Semiconductor has entered the envelope tracker market using its 300mm technology platform. Despite geopolitical uncertainties, the company is confident in its strategic growth initiatives.
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