Tower Semiconductor Q3 net profit more than doubles year over year to $119.89 million
TSEM•Tower Semiconductor’s third-quarter 2026 net profit attributable to the company more than doubled year over year to $120.26 million, while revenue rose 33% to $526.16 million. The company forecast fourth-quarter revenue of $600 million, up 36% year over year.
1. Quarterly results and outlook
Tower Semiconductor reported third-quarter 2026 net profit attributable to the company of $120.26 million, more than double the year-earlier figure, and revenue of $526.16 million, up 33% year over year. It forecast fourth-quarter revenue of $600 million, representing 36% year-over-year growth.
2. Japan buildout
The Track-1 Japan 300mm buildout is progressing ahead of schedule, and supporting customer contracts are being extended through 2029.
