Tower Semiconductor Ltd. (NASDAQ:TSEM) on Wednesday reported stronger-than-expected first-quarter results and issued upbeat second-quarter guidance.
The company posted first-quarter revenue of $413.63 million, up 15% from a year earlier and ahead of analysts’ estimates of $410.98 million. Adjusted earnings came in at 65 cents per share, topping Wall Street expectations of 56 cents per share.
Tower Semiconductor forecast second-quarter revenue of $432.25 million to $477.75 million, compared with analysts’ estimates of $436.38 million.
Russell Ellwanger, Chief Executive Officer of Tower Semiconductor, said, “We delivered a strong start to 2026, with broad-based year-over-year revenue growth across our key technology platforms and continued execution with strong advancement of our strategic …