Tower Semiconductor Reports 2024 Third Quarter Financial Results
Tower Semiconductor Ltd. - Ordinary Shares (TSEM)
Last tower semiconductor ltd. - ordinary shares earnings: 2/18 04:06 am
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Source: GlobeNewswire
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 of 2024, representing 6% quarter over quarter growth. Revenue for the third quarter of 2023 was $358 million. Gross profit for the third quarter of 2024 was $93 million as compared to $87 million for the second quarter of 2024 and for the third quarter of 2023. Operating profit for the third quarter of 2024 was $56 million
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News
- Tower Semiconductor Begins Production of 1.6Tbps Optical Transceivers on its Latest Silicon Photonics Platform [Yahoo! Finance]Yahoo! Finance
- Tower Semiconductor Begins Production of 1.6Tbps Optical Transceivers on its Latest Silicon Photonics PlatformGlobeNewswire
- Tower Semiconductor Ltd. (NASDAQ: TSEM) had its price target raised by analysts at Craig Hallum from $54.00 to $60.00. They now have a "buy" rating on the stock.MarketBeat
- Tower Semiconductor Ltd. (NASDAQ: TSEM) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $55.00 price target on the stock.MarketBeat
- Tower Semiconductor Ltd. (NASDAQ: TSEM) had its price target raised by analysts at Susquehanna from $55.00 to $60.00. They now have a "positive" rating on the stock.MarketBeat
TSEM
Earnings
- 11/13/24 - Beat
TSEM
Sec Filings
- 11/19/24 - Form 6-K
- 11/14/24 - Form SC
- 11/13/24 - Form 6-K
- TSEM's page on the SEC website