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 its Japan fabrication facility by 40 times, aiming to capitalize on AI-driven photonics growth and compete with industry leader TSMC. Tower's premium valuation is supported by its diversified operations and superior exposure to photonics, with projected compound annual growth rates of 31% in revenue and 76% in net income through 2028.
Following Tower Semiconductor's optimistic growth outlook, its shares are currently trading at USD 170.01 on Pluang as of Oct 26, 2026 16:01 WIB, showing a positive 1.46% gain for the day. The company's market capitalization stands at $19.12 billion, reflecting investor interest amid its expansion plans. Despite a 52-week high of $316.85, the stock's typical hold time on Pluang is relatively short at 6 days, indicating active trading among retail investors.
