Tower Semiconductor reported third-quarter earnings per share of $1.05, missing the analyst estimate of $1.06 by $0.01. Revenue reached $526.16 million, above the consensus forecast of $522.08 million.
For the fourth quarter of 2026, the company expects revenue of $600 million, compared with the analyst consensus of $579.70 million.
Tower Semiconductor shares closed at $166.48. The stock was down 25.91% over the previous three months but had gained 97.23% over the past 12 months.
The company recorded five positive earnings-per-share revisions and no negative revisions during the last 90 days. InvestingPro rated Tower Semiconductor’s financial health as “good performance.”
Sources: Investing.com News.