Tower Semiconductor posts strong Q3 results and raises Q4 revenue outlook
Tower Semiconductor reported third‑quarter 2026 revenue of about $526 million, up roughly 33% year‑over‑year, and GAAP diluted EPS of $1.05. Adjusted diluted EPS was $1.15, beating consensus estimates. The company guided fourth‑quarter revenue to $600 million, plus or minus 5%, and said full‑year 2026 revenue should reach roughly $2 billion. Management highlighted accelerating demand for silicon‑photonic and high‑speed connectivity products.
Why it matters
The $600 million Q4 revenue guidance, above consensus, points to a full‑year revenue run‑rate near $2 billion, which could lift the company’s valuation if achieved (the company said this in its earnings release). The guidance also signals continued margin expansion as higher‑margin RF infrastructure sales grow.
Key facts
- 1Q3 revenue was $526.2 million, up 33.0% from $395.7 million a year earlier. sci-tech-today.com
- 2GAAP diluted EPS for Q3 was $1.05. sci-tech-today.com
- 3Adjusted diluted EPS for Q3 was $1.15. sci-tech-today.com
- 4Q4 2026 revenue guidance is $600 million, +/-5% (range $570 million–$630 million). sci-tech-today.com
- 5Full‑year 2026 revenue is expected to be about $2 billion. sci-tech-today.com
- 6Gross profit for Q3 was $178.8 million, implying a gross margin of roughly 34.0%. sci-tech-today.com
Summary written by AlphAI AI Desk from 18 of 18 sources. Not investment advice. Figures are as stated by the linked sources.