Tower Semiconductor stock sets fourth-quarter revenue target at 600 million US dollars

Published on 11/05/2026 at 17:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tower Semiconductor stock enters a stronger growth phase after record quarterly results. Management expects connectivity demand to support further expansion into 2027.

Record quarter raises growth expectations

Third-quarter revenue rose 33 percent year over year to a company record.
Management expects connectivity demand and capacity expansion to support further growth into 2027.
Silicon photonics is targeted to reach a 1.1 billion US dollar annualized revenue run rate in the fourth quarter.

Tower Semiconductor, IL0010823792, Illustration mit AI erstellt.

Tower Semiconductor reported record third-quarter results on November 2, with revenue of 526 million US dollars, up 33 percent from the year-earlier period. The company also raised its operating outlook with fourth-quarter revenue guidance of 600 million US dollars.

The figures and outlook come from Tower Semiconductor. Gross profit reached 179 million US dollars, 92 percent above the comparable quarter, while net profit excluding non-recurring items was 120 million US dollars. The company reported a 23 percent net margin and diluted earnings per share of 1.05 US dollars.

Capacity and connectivity drive outlook

The fourth-quarter revenue guidance carries a range of plus or minus 5 percent around the midpoint. Management said the midpoint would represent 36 percent year-over-year growth and 14 percent sequential growth, supporting a 2026 revenue target of 2 billion US dollars.

Chief Executive Officer Russell Ellwanger pointed to demand in infrastructure businesses, including silicon photonics and silicon germanium. Tower targets a 1.1 billion US dollar annualized silicon photonics revenue run rate in the fourth quarter. Capacity investments, including the Track-1 Japan 300mm buildout, are progressing ahead of schedule, according to the company.

What investors should watch next

The outlook raises the importance of execution at a time when Tower is expanding manufacturing capacity and relying on sustained customer demand. Investors will focus on whether the fourth-quarter forecast translates into the targeted revenue and margin progression as the company enters 2027.

The real-time quote of Tower Semiconductor stock was 121.25 euros on Lang & Schwarz at 17:34 CET on Thursday, November 5, 2026.