Tower Semiconductor publishes Q3 2026 earnings call transcript
TSEM•Tower Semiconductor reported third-quarter revenue of $526 million and net profit of $120 million, up from $54 million a year earlier. It guided for fourth-quarter revenue of about $600 million and expects first-quarter 2027 growth.
1. Quarterly results and outlook
Tower Semiconductor's November 3 earnings call featured CEO Russell Ellwanger, CFO Oren Shirazi and President Marco Racanelli. The company reported third-quarter revenue of $526 million and net profit of $120 million, compared with $54 million a year earlier. Management set fourth-quarter revenue guidance at about $600 million and expects growth in the first quarter of 2027 rather than typical seasonal weakness.
2. Capacity and investment
Silicon photonics capacity targeted for production starts in the third quarter could support an annual revenue run rate of $2.85 billion to $2.9 billion, excluding integrated lasers. Customer capacity commitments extend through 2029, and management expects full payback within one year on its $920 million expansion investment.
