Tower Semiconductor rises after forecasting Q4 revenue above estimates

Tower Semiconductor

10/11/2025 14:38

** U.S.-listed shares of Israeli contract chipmaker Tower Semiconductor TSEM.O rise 3.4% to $86.95

** TSEM expects Q4 revenue of $440 mln plus or minus 5%, above analysts' average estimate of $434.4 mln, according to data compiled by LSEG

** Co reports Q3 revenue of $395.7 mln, topping expectations of $394 mln

** TSEM posts Q3 EPS of 55 cents per share, beating estimates of 54 cents per share

     ** Co announces additional $300 mln investment for capacity growth and next-generation capabilities in its Silicon-Germanium and Silicon Photonics tech, essential for high-speed optical data transmission

** Up to last close, stock had risen ~63% YTD

(Reporting by Arnav Mishra in Bengaluru)

((Arnav.Mishra@thomsonreuters.com;))