Tower Semiconductor Ltd.: Beat — EPS $1.15, Revenue $526.16M
Earnings BeatQ3 2026 · Pre-market
Did Tower Semiconductor Ltd. (TSEM) beat earnings today?
Yes, Tower Semiconductor Ltd. (TSEM) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+7.48% surprise
$1.15Actual
Expected: $1.07
vs. year ago +107.1%
Total Revenue+0.79% surprise
$526.16MActual
Expected: $522.06M
vs. year ago +33.0%
Released Nov 02 · 7:00 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $526.16M | $395.67M | +33.0% |
| Net Profit | $120.26M | $53.65M | +124.2% |
| GAAP Basic EPS | $1.06 | $0.48 | +120.8% |
| GAAP Diluted EPS | $1.05 | $0.47 | +123.4% |
| Adjusted Basic EPS | $1.16 | $0.56 | +107.1% |
| Adjusted Diluted EPS | $1.15 | $0.55 | +109.1% |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | Expected | Full Year Outlook |
|---|---|---|---|
| Revenue | $600M (±5%, +36% YoY) | $579.74MMissed -47.82% | — |
Business Highlights
- ➤Track-1 Japan 300mm buildout is progressing ahead of schedule.
- ➤Customer contracts are being extended through 2029.
- ➤Infrastructure demand in SiPho and SiGe is driving high-speed connectivity growth.
- ➤Tower operates 200mm and 300mm fabs in Israel, the U.S., Japan, and Italy.
- ➤The company provides customers scalable capacity and multi-fab sourcing.
- ➤Technology portfolio includes silicon photonics, SiGe, RF CMOS, CMOS image sensors, power management and mixed-signal.
- ➤Tower serves industrial, automotive, mobile, infrastructure, medical, and aerospace & defense markets.
- ➤The company offers design enablement and process transfer services.
Management Commentary
Russell Ellwanger, Chief Executive Officer of Tower Semiconductor
“We are entering the strongest growth phase in our history, according to fourth quarter guidance, closing the year at $2 billion annual revenue and a $2.4 billion annualized revenue run rate. We target to begin 2027 avoiding first quarter’s typical industry seasonality, with clear visibility to incremental sequential revenues with accompanying margins’ growth.”
Russell Ellwanger, Chief Executive Officer of Tower Semiconductor
“With a background of growth and strong increasing demand in each of our core businesses, infrastructure (SiPho and SiGe) demand specifically is driving exceptional growth in our high-speed connectivity business. We target to achieve an annualized $1.1 billion run rate in the fourth quarter of 2026 of SiPho revenue alone, namely 5X of the 2025 SiPho annual revenue. Our on-going capacity investments, including the announced Track-1 Japan 300mm buildout, are progressing ahead of schedule, supported by customer contracts which are being extended through 2029, providing great assurance to achieve our 2028 revenue and margins model, and a well-defined path for accretive margins thereafter. The combination of Tower’s technology leadership, expanding capacity and deep alignment with our customers, positions Tower to deliver significant long-term growth and shareholder value.”