Tower Semiconductor stock targets $600 million Q4 revenue

Tower Semiconductor reported record third-quarter results on Monday, November 2, 2026, and set fourth-quarter revenue guidance at 600 million US dollars at the midpoint. The figures came from the company's press release.

Tower generated third-quarter revenue of 526.161 million US dollars, up 33 percent from the year-earlier period. Gross profit rose to 178.759 million US dollars, while GAAP net profit attributable to the company reached 120.256 million US dollars. Diluted GAAP earnings were 1.05 US dollars per share. The company also reported adjusted diluted earnings of 1.15 US dollars per share after excluding stock-based compensation and amortization of acquired intangible assets.

Guidance points to stronger connectivity demand

The fourth-quarter revenue outlook carries a range of plus or minus 5 percent. Its midpoint represents 36 percent year-over-year growth and 14 percent sequential growth from the third quarter. Management expects 2026 revenue to reach 2 billion US dollars and sees a 2.4 billion US dollar annualized revenue run rate at year-end.

Chief Executive Officer Russell Ellwanger said high-speed connectivity demand, particularly in silicon photonics and silicon germanium, is driving growth across Tower's core businesses. The company targets an annualized silicon photonics revenue run rate of 1.1 billion US dollars in the fourth quarter.

Capacity expansion remains central

Tower said its ongoing capacity investments, including the Track-1 Japan 300mm buildout, are progressing ahead of schedule. Customer contracts are being extended through 2029, supporting the company's long-term expansion plans while execution, delivery and qualification remain important operating factors.

Tower Semiconductor stock traded at 131.75 euros on Lang & Schwarz at 6:00:34 p.m. CET on Wednesday, November 4, 2026.

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