Quarterly ResultMay 13, 2026, 07:02 AM
Tower Semiconductor Q1 Revenue +15% to $414M; Q2 Guidance $455M Record
AI Summary
Tower Semiconductor reported strong first quarter 2026 financial results, with revenue growing 15% year-over-year to $414 million and net profit increasing to $65 million. The company provided record second quarter 2026 revenue guidance of $455 million, representing 22% year-over-year growth, and expects sequential revenue and margin growth throughout the year. Strategic advancements include a restructuring transaction in Japan for full ownership of Fab 7 and $1.3 billion in contracted silicon photonics revenue for 2027.
Key Highlights
- Q1 2026 revenue grew 15% year-over-year to $414 million.
- Q1 2026 gross profit increased 52% year-over-year to $111 million.
- Q1 2026 operating profit surged 96% year-over-year to $65 million.
- Q1 2026 net profit was $65 million, up from $40 million in Q1 2025.
- Q1 2026 diluted EPS was $0.57, compared to $0.35 in Q1 2025.
- Q2 2026 revenue guidance is a record $455 million, up 22% YoY and 10% QoQ.
- Company targets sequential revenue and margin growth throughout 2026.
- S&P Maalot reaffirmed "ilAA" rating and raised outlook to "positive".