Tower Semiconductor Q3 Net Profit More Than Doubles to $119.89 Million
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12:09:46 PM UTC
SquawkNews
Q3 revenue was $526M, up 33% year over year from $396M; adjusted net profit was $120M versus $54M. Q4 revenue guidance is $600M, plus or minus 5%, representing 36% year-over-year growth.Material DetailsContext by AI AnalystThe results confirm a strong growth phase, with Q3 revenue and adjusted prof…