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Globes - Israel Business News

Tower Semiconductor posts Q2 revenue of $460 million and lifts Q3 outlook to $520 million

AI Market Summary
Tower Semiconductor beat Q2 expectations with record $460m revenue and $0.76 EPS, alongside 39.6% YoY net profit growth. Management raised Q3 revenue guidance to $520m, about 6% above consensus, citing strong foundry demand and capacity expansion. The upside surprise and improved outlook should support near-term sentiment toward the stock and related semiconductor manufacturing exposure amid broader market volatility.
Impact level
● Medium
Affected assets
NCSKTSEM2USD/USDT-1.87%
AI Insight · NCSKTSEM2USD/USDTAI Insight
▲ Bullish
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Tower Semiconductor (Nasdaq: TSEM; TASE: TSEM) reported second-quarter revenue of $460 million and earnings per share of $0.76, both ahead of analysts’ expectations. Net profit rose 39.6% year over year to $90.8 million. The company raised its third-quarter revenue forecast to $520 million, implying 31% growth from the year-ago quarter and about 6% above market forecasts. The results point to continued strong demand for Tower’s foundry business, according to Globes.
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