Tower's revenue jumped 33% in the quarter; the stock jumps in early trading

Tower Semiconductor reported third-quarter results with revenues of $526 million, a 33% growth above analyst expectations. Adjusted net profit stood at $1.15 per share, 8 cents above forecasts. The company expects revenues of about $600 million in the fourth quarter.

Tower Semiconductor, an Israeli chip manufacturer, reported its third-quarter 2026 results with revenues of $526 million – a 33% increase compared to the same quarter last year, surpassing analyst expectations of $522 million. Adjusted net profit reached $1.15 per share, 8 cents above consensus. The company provided an optimistic forecast for the fourth quarter, projecting revenues of approximately $600 million, compared to market expectations of around $580 million. As a result, Tower is expected to end the year with revenues approaching $2 billion. The stock is rising in early trading.