Tower Semiconductor (TSEM) Q3 2026 Earnings

No. Tower Semiconductor reported Q3 2026 earnings of $0.79 a share on Oct 13, 2026, missing the $1.06 consensus estimate by 25.2%. Revenue was $460.1M against a $522.1M estimate.

Tower Semiconductor heads into its November 2 earnings call with Wall Street expecting a strong third quarter, as analysts have penciled in revenue of $522.06 million and EPS of $1.07, a bar the company will need to clear to extend its five-consecutive-quarter streak of beating consensus estimates. The Q3 revenue target would mark a meaningful step up from the $460.08 million reported in Q2 2026, a quarter that itself represented 24% year-over-year growth, and would align closely with the $520 million midpoint guidance management issued alongside those second-quarter results. Underpinning the growth story is Tower's deepening push into AI-driven specialty technologies, including high-volume shipments of laser-integrated photonic integrated circuits for next-generation AI infrastructure, a product line that analysts see as a key demand catalyst. Looking further out, Tower has raised its 2028 target business model to $3.60 billion in revenue and $1.20 billion in net profit, implying a 33.3% net margin compared to 14.1% in 2025, signaling management's confidence that the current growth trajectory has significant runway ahead.