Tower Semiconductor Sees Q1 Revenues At $412 Million With 15% YoY Growth
Tower Semiconductor forecasts Q1 revenues of $412 million ±5 percent, implying 15 percent year-on-year growth. Analysts’ average estimate is $408.4 million, and shares rose 4 percent pre-market following the guidance.
1. Q1 Revenue Guidance
Tower Semiconductor projects first-quarter revenues of $412 million with an allowance of plus or minus 5 percent, reflecting a 15 percent increase from the year-ago period. This guidance follows the company’s fourth-quarter financial report and aligns with its strategic capacity expansions in specialty processes.
2. Analyst Estimates and Stock Reaction
The consensus of four analysts places expected Q1 revenues at $408.38 million, slightly below the midpoint of the company’s guidance range. In pre-market trading, shares of Tower Semiconductor jumped 4 percent, signaling investor approval of the robust revenue outlook.