🟢 Tower Semiconductor is trading 4.9% up in pre-market after earnings beat and record outlook

Tower Semiconductor is trading 4.87% up at $235.65 as investors continue absorbing its August 4 earnings beat and record outlook.

• Second-quarter revenue reached $460 million, up 24% year over year.
• Management guided third-quarter revenue to $520 million and raised its long-term 2028 model to $3.6 billion, supported by silicon photonics demand.
• Semiconductor peers are also trading higher pre-market, reinforcing sector momentum.