TSEM

Tower Semiconductor Ltd. ( TSEM ) Q3 2026 Earnings Call November 2, 2026 10:00 AM EST Company Participants Noit Levi-Karoubi - Chief People, Communications & Investor Relations Officer Russell Ellwanger - CEO & Director Oren Shirazi - Chief Financial Officer Marco Racanelli - President Conference Call Participants Cody Grant Acree - StoneX Financial, Inc., Research Division Vijay Rakesh - Mizuho Securities USA LLC, Research Division Simon Coles - Barclays Bank PLC, Research Division Sahej Singh - Stifel, Nicolaus & Company, Incorporated, Research Division Richard Shannon - Craig-Hallum Capital Group LLC, Research Division Presentation Operator Good day, and thank you for standing by.

Tower Semiconductor NASDAQ: TSEM reported record third-quarter results for 2026, citing accelerating demand for silicon photonics used in AI infrastructure and data-center connectivity, along with growth across its broader analog technology portfolio.

Tower Semiconductor (NASDAQ:TSEM | TSEM Price Prediction) reports third-quarter results before the market opens on November 2. Shares are down 21.25% over the past month.

Tower Semiconductor targets tripling profits to $1.2 billion within two years, driven by surging silicon photonics demand and capacity expansion. Current customer contracts cover $1.3 billion for 2027, but management asserts additional demand is 'spoken for,' supporting ambitious revenue projections. TSEM's path to $1.2 billion profit hinges on achieving 45% gross margins through higher-margin products, better utilization, and operating leverage.

Tower Semiconductor is rated 'Buy' with a $263/share price target, reflecting confidence in its 2028 $1.2B net income guidance. TSEM raised 2028 revenue guidance to $3.6B and net income to $1.2B, driven by robust photonics demand and customer backlogs extending into 2029. Significant capex will expand its Japan Fab capacity 40x, positioning TSEM to capture AI-driven photonics growth and compete with TSMC.

Technology sector volatility creates tax-loss harvesting opportunities, allowing investors to offset capital gains while repositioning portfolios toward stronger growth prospects. Weak earnings revisions, deteriorating momentum, and poor profitability identify three struggling technology stocks with heightened downside risk. Three Strong Buy technology stocks offer compelling alternatives, supported by sector-leading growth, positive earnings revisions, and favorable profitability metrics.

Tower Semiconductor and Semtech expand a multi-year SiGe partnership, securing global capacity to support growing AI optical and data center connectivity

Tower will issue its third quarter 2026 earnings release on Nov 2, 2026. Tower will hold a conference call to discuss its third quarter financial results.

MIGDAL HAEMEK, Israel, - Sept 23, 2026 - Tower Semiconductor (NASDAQ/TASE: TSEM), the leading foundry for high-value analog semiconductor solutions, today announced its 2026 Technical Global Symposium (TGS), to be held on November 17, 2026, in Santa Clara, California, USA. Bringing together customers, partners and industry leaders, the event will explore technologies and market trends driving and shaping the evolution of AI infrastructure, high-performance computing, advanced connectivity, and intelligent sensing.

AI's loudest voices spent the week telling everyone to slow down, and the market took them at their word. AI infrastructure names sold off into a month that traditionally is already unkind to stocks.