[REVISION HISTORY]
Tower Semiconductor ownership, earnings, expansion
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2026-08-05 13:09 UTC → 2026-08-05 16:23 UTC ·
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Tower Semiconductor ownership and earnings ownership, earnings, expansion
In late July 2026, 2026 hedge funds increased their stakes in Tower Semiconductor, with Rokos Capital raising its holding to about 0.21 % (valued at $41.7 million) and Renaissance Technologies expanding to roughly 0.24 % (about $48.2 million). Combined with other investors, these funds now control roughly 70.5 % of the company's outstanding shares, prompting analysts to reaffirm or raise buy ratings. A week later, the The Israeli chipmaker then reported a record second‑quarter revenue of $460 million, a 24 % year‑over‑year rise, and a net profit of $90.8 million, up 39.6 %. Earnings per share were $0.76. $0.76 and the share price rose 1.09 % in volatile trading, lifting market capitalisation to about $26.8 billion. Management projected third‑quarter revenue above $500 million, targeting $520 million—about 6 % higher than analysts’ estimates—and outlined further capacity expansions through 2026, including new facilities in Japan and data‑center projects for 2026‑2027. The company also aims for a $1 billion annual run‑rate for its SiPho line by late 2026. Strong cash flow and a cash‑and‑investments balance near $1.5 billion supported an optimistic outlook, with the CEO reaffirming a $3.6 billion revenue goal by 2028. The financial results reinforce the heightened investor interest noted in the earlier stake‑building activity.
Versions
- 2026-08-05 16:23 UTC Tower Semiconductor ownership, earnings, expansion
- 2026-08-05 13:09 UTC Tower Semiconductor ownership and earnings
- 2026-08-04 23:29 UTC Tower Semiconductor ownership and earnings
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