Tower Semiconductor Ltd reported first-quarter FY22 revenue growth of 21 percent year-on-year to $421 million, beating the consensus of $406.9 million. It posted a 29 percent organic growth. The gross profit was $105 million, up 50 percent Y/Y. The operating profit grew 94 percent Y/Y to $63 million. Adjusted EPS was $0.49, up from $0.26 prior-year…
Tower Semiconductor Clocks 21 Percent Revenue Growth in Q1, Suspends Guidance Due to Intel Takeover
Tower Semiconductor Clocks 19 Percent Revenue Growth in Q4
Tower Semiconductor Ltd. reported fourth-quarter FY21 revenue growth of 19 percent year-on-year to $412.1 million, missing the consensus of $430.2 million. It posted a 28 percent organic growth. The gross profit was $100 million, up 44 percent Y/Y. Adjusted EPS of $0.55 beat the consensus of $0.45. It generated $134 million in operating cash flow. It…
Tower Semiconductor Stock Gains on Q3 Beat, Clocks 25 Percent Revenue Growth
Tower Semiconductor Ltd (TSEM) reported third-quarter FY21 revenue growth of 25 percent year-on-year to $386.7 million, beating the consensus of $384.97 million. It posted a 40 percent organic growth. The gross margin expanded 171 bps Q/Q to 22.1 percent. Adjusted EPS of $0.41 beat the consensus of $0.37. It generated $107 million in operating cash…
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