Simply Wall St.1d agoneutral
Why Tower Semiconductor (TSEM) Is Up 29.8% After $1.3 Billion Silicon Photonics Deals And Capacity PresalesIn May 2026, Tower Semiconductor reported strong first‑quarter 2026 results with higher margins year over year, guided to a record second‑quarter revenue of about US$455 million, and disclosed Silicon Photonics contracts worth US$1.30 billion for 2027 plus US$290 million in prepayments to secure future capacity. These long‑term Silicon Photonics commitments, backed by more than 50 active customers and growing wafer reservations into 2028, materially deepen Tower’s visibility into future...
