Tower Semiconductor Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 delivered 15% revenue and 62% net profit growth year-over-year, with record margin expansion and strong guidance for Q2. Major customer commitments, capacity expansion, and technology breakthroughs in silicon photonics and SiGe underpin a robust outlook.
Fiscal Year 2025
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Q4 2025 saw 14% year-over-year revenue growth and a surge in net profit, driven by strong demand for silicon photonics and silicon germanium. Major CapEx expansion is underway, with most new capacity already reserved, and a new financial model targets $2.84 billion revenue and $750 million net profit by 2028.
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Q3 2025 saw 7% year-over-year revenue growth to $396M, with net profit of $54M and strong expansion in Silicon Photonics and RF infrastructure. Record Q4 revenue of $440M is guided, supported by major capacity investments and robust demand from AI-driven data centers.
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Q2 2025 revenue rose 6% year-over-year to $372M, with net profit of $47M and strong sequential growth. RF infrastructure and silicon photonics segments are driving results, with Q3 and Q4 revenues expected to accelerate further. CapEx and capacity expansions align with robust customer demand.
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Q1 2025 revenue grew 9% year-over-year to $358M, with net profit of $40M. RF infrastructure and power segments saw significant growth, while Silicon Photonics is on track to double revenue in 2025. Sequential revenue increases and strong second-half acceleration are expected.
Fiscal Year 2024
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2024 saw 18% in-year revenue growth to $1.44B and $208M net profit, with Q4 up 10% year-over-year. 2025 is guided for sequential quarterly growth, led by SiGe and SiPho capacity expansion, while RF mobile is expected to decline due to Android softness.
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Q3 2024 saw strong revenue and profit growth, led by record performance in high-speed data center and RF infrastructure segments. Silicon Photonics and Silicon Germanium businesses are expanding rapidly, with significant CapEx investments supporting future growth.
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Q2 2024 saw revenue of $351M and net profit of $53M, driven by strong growth in RF infrastructure, silicon photonics, and power ICs. Sequential revenue growth is on track for 2024, with Q3 guidance at $370M. Investments in capacity and technology are supporting robust demand, especially from AI and data center markets.