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Bank of America sets aggressive Tower Semiconductor target
TheStreet1d agoneutral
Bank of America sets aggressive Tower Semiconductor target

Bank of America just told investors that one of this year's biggest semiconductor winners is still cheap. On Aug. 7, BofA Securities started covering Tower Semiconductor (TSEM) with a Buy rating and a $367 price target. The call landed days after Tower posted the best quarter in its history. ...

Tower Semiconductor Q2 Earnings Call Highlights
MarketBeat7d agoneutral
Tower Semiconductor Q2 Earnings Call Highlights

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

Tower Semiconductor tops second quarter earnings and revenue expectations
Proactive7d agobullish
Tower Semiconductor tops second quarter earnings and revenue expectations

Tower Semiconductor (NASDAQ:TSEM) has reported second quarter results above Wall Street expectations, including record revenue and profitability as the chipmaker continues to benefit from demand across its key business units. The company reported adjusted earnings per share of $0.88 for the...

Tower Semiconductor to invest $3 billion in Japan, backed by government grants
Reuters28d agoneutral
Tower Semiconductor to invest $3 billion in Japan, backed by government grants

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.

Tower Semiconductor Q1 Earnings Call Highlights
MarketBeat90d agoneutral
Tower Semiconductor Q1 Earnings Call Highlights

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

Tower Semiconductor shares jump after Q1 earnings beat on AI-driven demand
Proactive90d agobullish
Tower Semiconductor shares jump after Q1 earnings beat on AI-driven demand

Tower Semiconductor (NASDAQ:TSEM) reported better-than-expected financial results for the first quarter and issued an upbeat outlook, sending its shares 12% higher on Wednesday morning. For the quarter ended March 31, 2026, Tower Semiconductor reported revenue of $413.6 million, compared with...

Tower Semi forecasts upbeat quarterly revenue, signs $1.3 billion in AI chip deals
Reuters90d agobullish
Tower Semi forecasts upbeat quarterly revenue, signs $1.3 billion in AI chip deals

Tower Semiconductor on Wednesday forecast second-quarter revenue above estimates and said it landed $1.3 billion in ‌deals for 2027 to supply chips that use light to ‌move data at high speeds through artificial intelligence data centers. Strong demand for its ​analog and mixed-signal processors on the back of rising investment in data centers and AI helped boost the Israeli contract chipmaker's quarterly forecast, sending its U.S.-listed shares over 17% before the bell. Integrated circuits developed by ⁠the company are used by a wide range of industries including automotive, industrial, consumer electronics and communications.