Tower Semiconductor

TSEM Q1 2026 Earnings

Reported Mar 2, 2026 at 4:03 PM ET · SEC Source

Q1 26 EPS

$N/A

Est. $0.57

Q1 26 Revenue

N/A

Est. $411.0M

vs S&P Since Q1 26

+51.4%

BEATING MARKET

TSEM +57.3% vs S&P +5.9%

Market Reaction

Did TSEM Beat Earnings? Q1 2026 Results

Tower Semiconductor heads into the first quarter of fiscal 2026 with Wall Street watching closely, as analysts have set a consensus EPS estimate of $0.57 and revenue expectations of $410.98 million for the period. The targets arrive on the back of a … Read more Tower Semiconductor heads into the first quarter of fiscal 2026 with Wall Street watching closely, as analysts have set a consensus EPS estimate of $0.57 and revenue expectations of $410.98 million for the period. The targets arrive on the back of a solid fiscal 2025 showing, in which the Israeli chipmaker posted annual revenue of $1.57 billion, up 9% from $1.44 billion in 2024, with net profit attributable to the company climbing to $220.47 million and delivering a 14.1% net margin. A key driver behind that momentum was the full-year contribution from the 300mm Agrate facility in Italy, which had only entered volume production late in 2024 and added meaningful wafer shipment volume throughout 2025. Looking beyond the fab floor, Tower has been actively broadening its growth narrative, with a reported $920 million investment commitment to expand silicon photonics capacity by December 2026, positioning the company to capture rising demand from AI infrastructure buildouts. Those strategic moves lend additional weight to the Q1 consensus targets.

Key Takeaways

  • Higher wafer shipments driving 9% year-over-year revenue growth
  • 300mm Agrate, Italy facility ramping to full-year contribution after Q4 2024 volume production start
  • Hedging transaction gains contributing to higher net financing income
  • Lower non-recurring other expenses versus prior year
  • Preferred 7.5% income tax rate on eligible Israeli operations income