Tower Semiconductor plans to increase its profits from around $363 million to $1.2 billion within two years, driven by strong demand for silicon photonics and expanded production capacity. The company already has secured customer contracts worth $1.3 billion for 2027, with management confident additional demand is accounted for. Achieving a 45% gross margin through higher-margin products and better operational efficiency is key to reaching this profit target. Upcoming Q3 results and updated customer commitments on November 2 will be important to validate these projections.
As of Oct 26, 2026 21:31 WIB, Tower Semiconductor (TSEM) shares are trading at USD 170.62 on Pluang, up 1.83% for the day. The company holds a market capitalization of $19.12 billion, reflecting significant investor interest amid its optimistic profit outlook. Notably, the stock's enterprise value stands at $17.78 billion, underscoring its substantial market presence.
Tower Semiconductor has increased its 2028 revenue guidance to $3.6 billion and net income to $1.2 billion, fueled by strong demand in photonics and extended customer backlogs into 2029. The company plans significant capital expenditures to expand it...
Tower Semiconductor is entering a new growth phase fueled by Silicon Photonics, securing $1.3 billion in contracts for 2027 and $290 million in pre-payments. In Q2 2026, the company reported revenue of $460 million, a 23.7% increase year-over-year, w...
