Tower Semiconductor reports Q2 adjusted EPS 50c, consensus 45c

Reports Q2 revenue $372M, consensus $371.63M. Russell Ellwanger, CEO, stated: “We have reported strong financial results for the second quarter of 2025, demonstrating both quarter-over-quarter and year-over-year revenue growth. Our strategic initiatives, backed by the repurposing of multiple factories towards higher capacity for RF infrastructure, are well underway, and have contributed and will contribute more strongly in the following quarters to our expected growth. The momentum we have gained in our RF infrastructure business, driven by data centers and AI expansions, is particularly noteworthy, with customer forecasts continuing to increase. We are well poised to benefit in this market, as evidenced by our number one market share position. As we look ahead, we are confident in our ability to continue this positive trajectory, with 2025 third-quarter revenue mid-range guidance set at $395 million and an additional $40 million revenue increase targeted for the fourth quarter. Through well-developed multi-level interactions with our customers, our partnerships drive trust and best-in-class innovation, well positioning us for accelerated growth and value creation for customers and stakeholders.”