Tower Semiconductor Reports Record Q3 2026 Revenue of $526 Million
Third-quarter revenue rose 33% year over year to a record $526 million. Operating profit was a record $127 million and net profit excluding non-recurring items was a record $120 million; diluted EPS was $1.05. The company guided to fourth-quarter revenue of $600 million, a 36% year-over-year growth projection.
Tower Semiconductor reported record third-quarter 2026 revenue of $526 million, marking a 33% year-over-year increase. The company achieved a record operating profit of $127 million and a record net profit of $120 million, excluding non-recurring items. Earnings per share were reported at $1.05 diluted. Management provided fourth-quarter revenue guidance of $600 million, which represents a 36% year-over-year growth projection.
CEO Russell Ellwanger stated that the company is entering its strongest growth phase, supported by high demand for high-speed connectivity products and ongoing capacity expansions in Japan.