Tower Semiconductor Reports Record Q2 Revenue and Profit Growth
Israeli chipmaker Tower Semiconductor Ltd. posted second‑quarter revenue of $460 million, a 24 % increase year‑over‑year, and a record net profit of $90.8 million, driving earnings per share to $0.76. The results lifted the share price 1.09 % in volatile trading, bringing the market capitalisation to about $26.8 billion.
CEO Russell Ellwanger said the company is benefitting from strong demand across its key business units and highlighted ongoing capacity expansions, including new manufacturing facilities in Japan and additional data‑center projects slated for 2026‑2027. Tower expects third‑quarter revenue of roughly $520 million, about 31 % above the comparable period, and is targeting a $1 billion annual run‑rate for its SiPho line by late 2026.
Entities: Alight, Inc. · Alphatec Holdings Inc. · Evertec, Inc. · Hut 8 Corp. · Russell Ellwanger · Tower Semiconductor Ltd. · Ultra Clean Holdings Inc.
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] CEO Russell Ellwanger said the company expects Q3 revenue of $520 million, a 31% increase year over year. (a6087ba3-c34e-4703-a9ae-c49b426864d0)
- [○ 1 SOURCE] Tower Semiconductor reported Q2 revenue of $460 million. (a6087ba3-c34e-4703-a9ae-c49b426864d0)
- [○ 1 SOURCE] Earnings per share for Q2 were $0.76. (a6087ba3-c34e-4703-a9ae-c49b426864d0)
- [○ 1 SOURCE] Net profit for Q2 was $90.8 million. (a6087ba3-c34e-4703-a9ae-c49b426864d0)
- [○ 1 SOURCE] Cash and investments at quarter end were nearly $1.5 billion; long‑term debt was $125 million. (a6087ba3-c34e-4703-a9ae-c49b426864d0)
- [○ 1 SOURCE] Tower generated $177 million from operating activities in Q2. (a6087ba3-c34e-4703-a9ae-c49b426864d0)
- [○ 1 SOURCE] Q2 revenue represented a 24% increase compared with the same quarter last year. (a6087ba3-c34e-4703-a9ae-c49b426864d0)
- [○ 1 SOURCE] Adjusted net profit attributable to shareholders was about $101 million. (a6087ba3-c34e-4703-a9ae-c49b426864d0)