Tower Semiconductor reported record revenue and profitability for its second quarter of 2026, with revenue of $460 million, up 24% year-over-year, and diluted earnings per share of $0.79. The results beat analyst expectations, and the company issued strong guidance for the third quarter.
Key Highlights
- Second quarter revenue reached a record $460 million, a 24% increase from the prior year, exceeding consensus estimates of $455 million.
- Net profit of $91 million (excluding non-recurring items) increased 95% year-over-year, with diluted EPS of $0.79 beating estimates of $0.77.
- The company guided for record third quarter revenue of $520 million at the midpoint, representing 31% year-over-year growth.
- Silicon Photonics (SiPho) revenue reached an annual run rate of $680 million, a triple-digit increase from the $180 million run rate in the same quarter last year.