Q3 revenue guidance is $520 million, up 31% year over year, with a 5% range.
The company targets $3.6 billion revenue by 2028.
Q2 results
Tower Semiconductor posted Q2 2026 revenue of $460 million, up 24% year over year; GAAP net profit attributable to shareholders climbed to $90.77 million.
GAAP diluted EPS rose to $0.79; GAAP operating profit widened to $90.29 million.
Gross profit increased to $137.77 million; GAAP net margin was 20% excluding non-recurring items.
CEO Russell Ellwanger cited “powerful demand momentum”; SiPho reached a $680 million annual revenue run rate, up from $180 million a year earlier.
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