TOWER SEMICONDUCTOR LTD (TSEM) Form 6-K — Nov 2, 2026
Tower Semiconductor reported record Q3 2026 results on November 2, 2026, with revenue of $526 million up 33% year-over-year and net profit of $120 million (excluding non-recurring items), more than double the $54 million a year earlier. The company guided Q4 2026 revenue to $600 million (+/-5%), representing 36% year-over-year growth, and targets $2 billion in 2026 annual revenue with a $2.4 billion annualized run rate entering 2027. Growth is being driven primarily by silicon photonics (SiPho) and SiGe demand for high-speed connectivity, with SiPho alone targeting a $1.1 billion annualized run rate in Q4 2026.
Key figures
- Eps
- 1.06
- Revenue
- 526161000
- Guidance
- Q4 2026 revenue guidance of $600 million (+/-5%), representing 36% YoY and 14% QoQ growth; company targets $2 billion annual 2026 revenue and $2.4 billion annualized run rate
- Net Income
- 120256000
- Total Debt
- $13,452 thousand short-term plus $140,275 thousand long-term debt
- Revenue Yoy
- 33%
- Total Assets
- 4017207000
- Cash Position
- $250,748 thousand cash and equivalents plus $1,222,124 thousand short-term deposits
- Shares Outstanding
- 113,324 thousand weighted average basic shares
- Capex q3 2026
- $191 million
- Nine month revenue
- $1,399.9 million vs $1,125.9 million prior year
- Gross profit q3 2026
- $178.8 million (92% higher than $93.0 million in Q3 2025)
- Nine month net profit
- $276.1 million vs $140.3 million prior year
- Operating profit q3 2026
- $127.1 million excluding non-recurring items, 2.5x Q3 2025
- Operating cash flow q3 2026
- $185 million
- Adjusted diluted eps q3 2026
- 1.15
- Sipho annualized run rate target
- $1.1 billion in Q4 2026, 5x 2025 SiPho annual revenue
AI analysis
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