Tower Semiconductor Ltd. (NASDAQ: TSEM ) is going to report Q3 ’24 earnings on the 13 th of November before the market opens, so I wanted to take a look at what we should expect and what IMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.Analyst’s Disclosure: I/we have ...

MIGDAL HAEMEK, Israel – October 21, 2024 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, will issue its third quarter 2024 earnings release on Wednesday, November 13, 2024. The Company will hold a conference call to discuss its third-quarter 2024 financial results and fourth-quarter 2024 guidance on Wednesday, November 13, 2024, at 10:00 a.m. Eastern Time (09:00 a.m. Central, 08:00 a.m. Mountain, 07:00 a.m. Pacific and 05:00 p.m. Israel time). Th ...

Tower Semiconductor Ltd. (NASDAQ: TSEM ) is a $4.8 billion semiconductor company that is currently in the early stages of a growth phase. With exponentially rising demand for computational power associated with the rise of AI applications, and a I specialize in analyzing individual stocks. With a strong educational background in both finance and economics, I've developed a deep fascination with the stock market and the potential it offers to investors at all levels. I keep a close watch on market trends, pa ...

MIGDAL HAEMEK, Israel, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ/TASE: TSEM), the leading foundry of high value analog semiconductor solutions, today announced its annual Technical Global Symposium (TGS) for 2024. This year's events will be held in person at two locations worldwide—USA and China—and will explore the theme "Empowering the Future: Analog Technology Innovations Shaping Our World". The event will cover key topics such as AI's transformative impact on various industries, tech ...

Financial Performance - Net profit for the six months ended June 30, 2024, was $99,797 thousand, a decrease from $130,074 thousand for the same period in 2023[20] - Comprehensive income attributable to the company for the six months ended June 30, 2024, was $78,228 thousand, down from $107,232 thousand for the same period in 2023[20] - Revenues for the six months ended June 30, 2024, were $678,419, down 4.8% from $712,802 in the same period of 2023[28] - Gross profit for the six months ended June 30, 2024, was $159,528, representing a gross margin of 23.5%, compared to $182,234 and a margin of 25.6% in 2023[28] - Operating profit decreased to $89,133 for the six months ended June 30, 2024, from $139,941 in the same period of 2023, reflecting a decline of 36.2%[28] - Basic earnings per share for the six months ended June 30, 2024, were $0.88, down from $1.11 in the same period of 2023, a decrease of 20.7%[28] - The company reported a restructuring expense of $6,270 for the six months ended June 30, 2024, compared to a gain of $17,776 in the same period of 2023[28] Assets and Liabilities - Total current assets as of June 30, 2024, increased slightly to $1,710,702 thousand from $1,709,158 thousand as of December 31, 2023[3] - Total liabilities decreased to $449,454 thousand as of June 30, 2024, from $491,478 thousand as of December 31, 2023[3] - Total shareholders' equity increased to $2,512,713 thousand as of June 30, 2024, compared to $2,427,039 thousand as of December 31, 2023[3] - Long-term debt decreased significantly to $126,715 thousand as of June 30, 2024, from $172,611 thousand as of December 31, 2023[3] Cash Flow - Cash provided by operating activities increased to $223,123 for the six months ended June 30, 2024, compared to $148,221 in the same period of 2023, marking a significant increase of 50.5%[22] - Net cash used in investing activities was $194,303 for the six months ended June 30, 2024, compared to $127,869 in the same period of 2023, indicating an increase of 52.0%[22] - Cash and cash equivalents increased to $265,313 thousand as of June 30, 2024, from $260,664 thousand as of December 31, 2023[3] - Cash and cash equivalents at the end of the period were $265,313, a decrease from $318,195 at the end of June 30, 2023[22] Inventory and Receivables - Trade accounts receivable increased to $165,161 thousand as of June 30, 2024, from $154,067 thousand as of December 31, 2023[3] - Inventories decreased slightly to $276,082 thousand as of June 30, 2024, from $282,688 thousand as of December 31, 2023[3] - Deferred revenue and customers' advances increased to $23,988 thousand as of June 30, 2024, from $18,418 thousand as of December 31, 2023[3] Investment Activities - The company invested $68,901 in property and equipment during the six months ended June 30, 2024, compared to $67,967 in the same period of 2023[23]

| --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|--------------------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Second Quarter 2024 Financial Results Conference Call Supporting Slides | | | | | | | | | July 24, 2024 | | | | Safe Harbor This presentation contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Sec ...

Tower Semiconductor Ltd. (NASDAQ:TSEM) Q2 2024 Earnings Conference Call July 24, 2024 10:00 AM ET Company Participants Noit Levi - Senior Vice President of Investor Relations and Corporate Communications Russell Ellwanger - Chief Executive Officer Oren Shirazi - Chief Financial Officer, Senior Vice President of Finance Conference Call Participants Cody Acree - Benchmark Richard Shannon - Craig Hallum Mehdi Hosseini - SIG Lisa Thompson - ZACKS Investment Research Operator Ladies and gentlemen, thank you for ...

Safe Harbor For example, statements regarding expected (i) customer demand, (ii) utilization and cross utilization of our Fabs, (iii) demand from our end markets, (iv) market and technology trends, and (v) results regarding revenues, cash flow, margins and net profits are all forward-looking statements. Actual results may differ materially from those projected or implied by such forward-looking statements due to various risks and uncertainties applicable to Tower Semiconductor's business as described in the ...

Financial Data and Key Metrics Changes - Revenue for Q1 2024 was $327 million, a decrease from $352 million in Q4 2023, but within the upper range of guidance [5][19] - Net profit was $45 million, reflecting a net margin of 14%, down from a net profit of $54 million and a margin of 15% in the previous quarter [33] - Gross profit for Q1 was $73 million, compared to $84 million in the prior quarter [41] Business Line Data and Key Metrics Changes - RF Mobile, predominantly RF SOI, represented 37% of revenue in Q1 2024, showing strong demand and capacity utilization [9] - RF Infrastructure business increased to 14% of revenue from 10% in Q4 2023, driven by strong performance in optical transceiver components [27] - Power IC business, excluding Power Discrete, represented 10% of revenue, with expectations for substantial increases in Q2 [15] - Power Discrete business remained stable at 14% of revenue, while Mixed Digital CMOS business accounted for 8% [17] Market Data and Key Metrics Changes - Silicon Photonics currently represents 5% of revenue, with strong momentum driven by AI adoption [29] - The company is experiencing renewed demand in the Silicon Germanium segment due to new high data rate products [30] - Sensors and Displays accounted for 15% of total revenue in Q1, with ongoing development and manufacturing activities [31] Company Strategy and Development Direction - The company plans to invest up to $300 million over the next two and a half years to enhance capacity and capabilities in its New Mexico facility [21] - A revenue target of $2.66 billion per annum is outlined, achievable by loading existing facilities at 85% utilization [22] - The company is focusing on expanding its 5G and Silicon Photonics capabilities to enhance flexibility and support customer needs [36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about quarter-over-quarter growth for the remainder of 2024, with guidance for Q2 revenue set at $350 million, plus or minus 5% [5] - The company anticipates a notable increase in imaging revenue from Q1 to Q2, maintaining strong levels throughout the year [15] - Management noted that Q1 was viewed as the low point for the Power business, with expectations for long-term growth thereafter [15][64] Other Important Information - The company received an updated corporate credit rating from Standard & Poor's, reaffirming its rating at ilAA with a stable outlook [34] - As of the end of Q1 2024, total assets reached $2.98 billion, up from $2.58 billion a year earlier [20] Q&A Session Summary Question: Clarification on CapEx expectations - Management indicated that CapEx for 2024 is expected to be around $40 million to $50 million per quarter for Agrate, with additional spending on SiPho and 5G [46][48] Question: Impact of customer forecasts on orders - Management confirmed that customer forecasts have translated into improving orders, particularly in data centers and RF SOI markets [62] Question: Pricing pressure and market recovery - Management noted that while pricing pressure exists, it is manageable through technological advancements and partnerships with customers [131] Question: Contribution of Silicon Photonics to revenue - Management stated that Silicon Photonics is expected to contribute significantly to revenue growth, particularly as the market for 800G and 1.6T systems expands [86][97] Question: Expectations for revenue growth in 2024 - Management expressed confidence in achieving notable growth throughout 2024, with Q2 expected to show substantial increases compared to Q1 [105][171]

MIGDAL HAEMEK, Israel, May 02, 2024 – Tower Semiconductor (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, today announced that its President, Dr. Marco Racanelli, will attend the 52nd Annual TD Cowen Technology, Media & Telecom Conference on Wednesday, May 29 and Thursday May 30, 2024. The conference will take place at the InterContinental New York Barclay Hotel in New York. At the conference, there will be an opportunity for investors to meet one-on-one with managemen ...