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Moby summary of Tower Semiconductor Ltd.'s Q2 2026 earnings call

Record Q2 revenue of $460 million, up 24% year-over-year, driven by surging silicon photonics and RF infrastructure demand, with 2028 targets raised to $3.6 billion in revenue.

Tower Semiconductor (NASDAQ:TSEM) reported record second-quarter 2026 revenue and profitability, citing accelerating demand for silicon photonics and related data-center connectivity products. The company also raised its 2028 financial model and detailed a two-track expansion plan in Japan intended

On July 14, 2026, IBM’s profit warning dragged on the Dow even as easing inflation and resilient bank stocks steadied broader U.S. markets.

Israeli chipmaker Tower Semiconductor said on Tuesday it will invest $3 billion to ‌bolster chip manufacturing in Japan, including $1 billion in ‌grants from the Japanese government. The move aims to help the company's production ‌of silicon photonics - ⁠which uses light to move data faster between AI chips - and silicon-germanium technology, which ⁠enables faster and more energy-efficient semiconductor devices. The expansion will occur in two phases, with the first phase involving ​converting Tower's ​Arai facility in Japan, ​formerly Fab 6, for ‌300-millimeter silicon photonics production, with full operations expected by the fourth quarter of 2027.

Investors are pouring money quickly into a new ETF that invests in companies involved with photonics and photolithography.

Aeluma Inc (ALMU) leverages innovative technologies and strategic partnerships to navigate supply chain constraints and secure future growth, despite current revenue setbacks.

Tower Semiconductor Ltd (TSEM) reports robust financial performance with significant revenue and profit growth, while expanding its technological capabilities and market presence.

Tower Semiconductor (NASDAQ:TSEM) reported a sharp year-over-year increase in first-quarter 2026 profit and issued guidance for what it said would be the highest quarterly revenue in the company’s history, driven by accelerating demand in silicon photonics and related technologies for AI data center

The Israeli contract chipmaker also beat first-quarter estimates and forecast a record $455 million in second-quarter revenue

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.1%, and the actively t