TSEM PRESS-RELEASE SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

TSEM ▼ -7.20% at T+5d

LONG call ✗ call lost -7.20% · α vs SPY -6.04% · entry $270.77 → $251.28

Next anchor: T+20d due 4d ago

Last close $262.92 (close Jun 12) · -2.90% from $270.77 entry

Entry anchored
May 13, 04:14 AM ET
via Databento tick

T+1d

+3.66%

call +3.66% · α +2.89%

$280.69

settled 5w ago

T+5d

-7.20%

call -7.20% · α -6.04%

$251.28

settled 26d ago

T+20d

—

call — · α —

—

due 4d ago

T+60d

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call — · α —

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in 8w

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Executive Summary

Tower Semiconductor reported a strong Q1 2026 beat with EPS of $0.58 (GAAP basic) vs $0.56 consensus and revenue of $414M vs $411M consensus, driven by 15% YoY revenue growth and 96% YoY operating profit growth. The company issued record Q2 2026 revenue guidance of $455M (+22% YoY) and reaffirmed its 2028 target of $2.8B revenue and $750M net profit, supported by $1.3B in contracted silicon photonics revenue for 2027. S&P also raised its outlook to positive.

Key Financial Metrics

Guidance

$432M-$478M

raised

Free Cash Flow

$353.6M

Gross Margin

26.8%

Actionable Insight

The record Q2 guidance and $1.3B in contracted SiPho revenue for 2027 provide strong near-term visibility. Watch for sequential margin expansion through 2026 and updates on the Fab 7 restructuring in Japan. The stock may re-rate higher if the company sustains its growth trajectory toward the 2028 targets.

Key Facts

Q1 2026 GAAP basic EPS $0.58 vs consensus $0.56 (beat by 3.6%)
Q1 2026 revenue $414M vs consensus $411M (beat by 0.7%)
Revenue grew 15% YoY to $414M from $358M
Operating profit surged 96% YoY to $65M from $33M
Q2 2026 revenue guidance of $455M (record high, +22% YoY, +10% QoQ)
Company targets sequential revenue and margin growth throughout 2026
2028 financial model targets: $2.8B annual revenue and $750M net profit
$1.3B of contracted silicon photonics revenue for 2027 from largest SiPho customers
S&P Maalot reaffirmed 'ilAA' rating and raised outlook from stable to positive
Operating cash flow of $510M included $290M in silicon photonics customer prepayments

Financial Impact

Q1 2026 revenue $414M (+15% YoY), operating profit $65M (+96% YoY), net profit $65M (+62% YoY); Q2 guidance $455M (record)

revenueepsoperating profitnet profitoperating cash flow

Risk Factors

Execution risk on Fab 7 restructuring and 300mm capacity expansion
Dependence on silicon photonics customer prepayments for cash flow
GlobalFoundries patent infringement litigation (three claims pending)
Geopolitical risks from Israel operations and potential trade restrictions
Pillar Two tax rules may increase effective tax rate from 2026 onward

Market Snapshot

Exchange

Nasdaq

Sector

Semiconductors & Related Devices

Analyst Consensus

82% bullish (11 analysts)

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3293855

5 reports for TSEM

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for TSEM — sortable, filterable
	Type				Now
May 13, 2026 4w ago	6-K BULLISH ★ 7/10	$270.77 $251.28	▼ −7.20%	▼ −6.04%	$262.92 (−2.90%)
May 13, 2026 4w ago	Press Release BULLISH ★ 8/10	$270.77 $251.28	▼ −7.20%	▼ −6.04%	$262.92 (−2.90%)
Apr 27, 2026 6w ago	6-K BULLISH ★ 6/10	$203.33 $215.06	▲ +5.77%	▲ +5.37%	$262.92 (+29.31%)
Apr 20, 2026 7w ago	6-K NEUTRAL ★ 2/10	$224.49 $203.33	▼ −9.43%	▼ −10.34%	$262.92 (+17.12%)
Apr 20, 2026 7w ago	Press Release NEUTRAL ★ 3/10	$224.49 $203.33	▼ −9.43%	▼ −10.34%	$262.92 (+17.12%)

US Market Status

Market Closed — Opens in 5h 16m

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