Tower Semiconductor Q3 net profit more than doubles year over year to $119.89 million

Bitget2026/11/02 12:08

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Tower Semiconductor’s third-quarter 2026 net profit attributable to the company more than doubled year-over-year to $120.26 million.
Revenue climbed 33% year-over-year to $526.16 million.
The Track-1 Japan 300mm buildout is progressing ahead of schedule, with supporting customer contracts being extended through 2029.
Fourth-quarter 2026 revenue guidance stands at $600 million, representing 36% year-over-year growth.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tower Semiconductor Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611020700PRIMZONEFULLFEED9867885) on November 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Tower Semiconductor Q3 net profit more than doubles year over year to $119.89 million

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