Welcome to our dedicated page for Tower Semiconductor news (Ticker: TSEM), a resource for investors and traders seeking the latest updates and insights on Tower Semiconductor stock.
Tower Semiconductor Ltd (TSEM) is a global leader in specialty analog and mixed-signal semiconductor manufacturing. This page serves as the definitive source for official company announcements, financial updates, and technology developments. Investors and industry professionals will find timely updates on earnings reports, strategic partnerships, product innovations, and operational milestones.
Our curated collection features press releases covering quarterly financial results, manufacturing expansions, and technology partnerships across automotive, industrial, and consumer electronics sectors. Stay informed about TSEM's advancements in RF solutions, power management ICs, and CMOS image sensor technologies through verified primary sources.
Key updates include executive leadership changes, regulatory filings, and capacity expansion announcements from Tower Semiconductor's global fabrication facilities. Bookmark this page for direct access to critical information affecting the company's market position and semiconductor industry trends.
Tower Semiconductor (NASDAQ: TSEM) reported its Q2 2024 financial results, showing revenue of $351 million, up from $327 million in Q1 2024. Gross profit increased to $87 million from $73 million in Q1. Net profit rose to $53 million ($0.48 per share), compared to $45 million ($0.40 per share) in Q1. The company generated $113 million in operating cash flow and invested $113 million in equipment and fixed assets. Tower Semiconductor guides Q3 2024 revenue to be $370 million (±5%), reflecting year-over-year and quarter-over-quarter growth. CEO Russell Ellwanger highlighted strong performance in mobile, advanced Power platforms, and expanding demand in the optical space, particularly for AI applications.
Tower Semiconductor, a leading foundry for high-value analog semiconductor solutions, will release its second quarter 2024 earnings on July 24, 2024. The company has scheduled a conference call on the same day at 10:00 a.m. Eastern Time to discuss its financial results and provide guidance for the third quarter of 2024.
The call will be webcasted and accessible via the Investor Relations section on Tower Semiconductor's website. Additionally, the call can be accessed through various toll-free and international phone numbers. A replay of the teleconference will be available for 90 days.
Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reported revenue of $327 million for Q1 2024, a decline from $352 million in Q4 2023. Gross profit was $73 million, down from $84 million. Operating profit was $34 million, compared to $45 million. Net profit was $45 million, with basic EPS of $0.40. The company guides revenue for Q2 2024 at $350 million. Standard & Poor’s Maalot reaffirmed Tower Semiconductor’s corporate credit rating as “ilAA“/ stable. Cash flow from operating activities was $110 million.
Tower Semiconductor, a leading foundry of analog semiconductor solutions, will attend the 52nd Annual TD Cowen Technology, Media & Telecom Conference in New York. President Dr. Marco Racanelli will be present, offering investors a chance for one-on-one meetings with management.
Tower Semiconductor (TSEM) will participate in the 52nd Annual JP Morgan Global Technology, Media, and Communications Conference. CEO Russell Ellwanger will engage in a fireside chat on May 20th. Investors can access the webcast on Tower Semiconductor's website.
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