Tower Semiconductor Reports Record Third Quarter 2026 Financial Results

Tower Semiconductor reported record third-quarter 2026 revenue of $526 million, up 33% year over year, with record operating profit of $127 million and net profit of $120 million excluding non-recurring items. Diluted earnings per share were $1.05. The company forecast fourth-quarter revenue of $600 million, representing projected year-over-year growth of 36%. CEO Russell Ellwanger cited strong demand for high-speed connectivity products and capacity expansions in Japan as drivers of growth.