Delivering high-efficiency power, high-performance analog, and high-density digital in a single power management platform for mobile, AI, and data center applications  MIGDAL HAEMEK, Israel, December 23, 2024 – Tower Semiconductor (NASDAQ/TASE: TSEM), a leading foundry of high-value analog semiconductor solutions, today announced its new 300mm 65nm 3.3V-based BCD Power management platform, PML, in addition to its successful 5V-based offering already in high-volume production in Japan and that which is being ...

Featuring industry-leading figures of merit addressing the evolving needs for next-generation datacom applications  MIGDAL HAEMEK, Israel, November 26, 2024 – Tower Semiconductor (NASDAQ/TASE: TSEM), a leading foundry of high-value analog semiconductor solutions, today announced the release of its new 300mm Silicon Photonics (SiPho) process as a standard foundry offering. This advanced process complements Tower's well-established 200mm (PH18) platform that is in high-volume production today, providing its c ...

Tower Semiconductor Ltd TSEM tanked in trading on Thursday, after the company reported upbeat third-quarter results.The company reported strong results and announced higher-than-expected guidance on "aggressive AI-levered demand," according to Benchmark.Analyst Cody Acree reiterated a Buy rating on Tower Semiconductor while raising the price target from $55 to $60.The Tower Semiconductor Thesis: The company reported sales of $371 million and earnings of 57 cents per share, higher than consensus of $370 mill ...

Exhibit 99.1 Tower Semiconductor Reports 2024 Third Quarter Financial Results 2024 Fourth Quarter Revenue Guidance Completes Year of Quarter Over Quarter Growth Announces Additional SiPho and SiGe Capacity Build Out, Strategically Serving Expansive Customer Demand MIGDAL HAEMEK, ISRAEL – November 13, 2024 – Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the third quarter ended September 30, 2024. Third Quarter of 2024 Results Overview Revenue for the third quarter of 2024 was ...

2024 Fourth Quarter Revenue Guidance Completes Year of Quarter Over Quarter Growth Announces Additional SiPho and SiGe Capacity Build Out, Strategically Serving Expansive Customer Demand MIGDAL HAEMEK, Israel, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the third quarter ended September 30, 2024. Third Quarter of 2024 Results Overview Revenue for the third quarter of 2024 was $371 million as compared to $351 million for the second quarter o ...

Tower Semiconductor Ltd. TSEM will release earnings results for its third quarter, before the opening bell on Wednesday, Nov. 13.Analysts expect the Migdal Haemek, Israel-based company to report quarterly earnings at 53 cents per share, down from 54 cents per share in the year-ago period. Tower Semiconductor projects to report revenue of $370.32 million for the quarter, compared to $358.17 million a year earlier, according to data from Benzinga Pro.On July 24, Tower Semiconductor reported a fiscal second-qu ...

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 ...

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]

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 ...