Tower Semiconductor stock gets stronger Q4 outlook after record Q3

Tower Semiconductor reported record third-quarter results on Monday, November 2, 2026, and raised the near-term revenue benchmark with fourth-quarter guidance of 600 million US dollars. The company published the figures in its November 2 release.

Tower Semiconductor stock traded at 142.25 euros on Lang & Schwarz at 6:01 p.m. CET on Monday, November 2, 2026. Against the 172.25 euros reported at Lang & Schwarz in the latest relevant AD HOC NEWS article on October 29 at 4:42 p.m. Berlin time, the quote was 17.42 percent lower.

Revenue and profit set records

Third-quarter revenue reached 526 million US dollars, up 33 percent from the year-earlier period. Gross profit rose 92 percent to 179 million US dollars.

Operating profit was 127 million US dollars excluding non-recurring items. Net profit reached 120 million US dollars on the same basis, representing a 23 percent margin. Diluted earnings per share were 1.05 US dollars.

Fourth-quarter guidance points higher

Tower guided for fourth-quarter revenue of 600 million US dollars, with a range of plus or minus 5 percent. The midpoint implies 36 percent year-over-year growth and 14 percent sequential growth from the third quarter.

Chief Executive Officer Russell Ellwanger said the outlook points to 2026 annual revenue of 2 billion US dollars and a 2.4 billion US dollar annualized revenue run rate at year-end. Tower also targets a 1.1 billion US dollar annualized silicon photonics revenue run rate in the fourth quarter.

Capacity remains the execution test

The company said its capacity investments, including the Track-1 Japan 300mm buildout, are progressing ahead of schedule. Customer contracts extending through 2029 support the long-term expansion plan, while delivery and qualification remain key execution factors.

For investors, the combination of record results and higher guidance strengthens the operating case, but the stock still depends on demand across silicon photonics, silicon germanium and other specialty process platforms.

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