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Sept 24, 1997Next split:
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June 13, 2013Analyst ratings
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Featuring industry-leading figures of merit addressing the evolving needs for next-generation datacom applications
Tower Semiconductor Ltd TSEM tanked in trading on Thursday, after the company reported upbeat third-quarter results.
Tower Semiconductor Ltd. (NASDAQ:TSEM ) Q3 2024 Results Conference Call November 13, 2024 10:00 AM ET Company Participants Noit Levi - Senior Vice President of Investor Relations and Corporate Communications Russell Ellwanger - Chief Executive Officer Oren Shirazi - Chief Financial Officer, Senior Vice President of Finance Conference Call Participants Mehdi Hosseini - SIG Cody Acree - Benchmark Richard Shannon - Craig Hallum Nick Doyle - Needham & Company Lisa Thompson - ZACKS Investment Research Operator Good morning, good afternoon, ladies and gentlemen, and thank you for standing by.
Israeli contract chipmaker Tower Semiconductor forecast its fourth-quarter revenue above estimates on Wednesday, driven by a recovery in demand for its chips, and said it plans to invest $350 million to expand capacities.
2024 Fourth Q uarter Revenue Guidance Completes Year of Quarter Over Quarter Growth
Tower Semiconductor Ltd. TSEM will release earnings results for its third quarter, before the opening bell on Wednesday, Nov. 13.
Tower Semiconductor Ltd. is expected to report Q3 '24 earnings on November 13th, with analysts predicting $0.53 and $0.47 EPS on $370M in sales. I am downgrading the company to a hold due to slow revenue growth, and will consider adding shares if there's a pullback. Key segments to watch include RF infrastructure, SiGe technology, and Silicon Photonics, with a particular focus on AI-related growth potential.
MIGDAL HAEMEK, Israel – October 21, 2024 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, will issue its third quarter 2024 earnings release on Wednesday, November 13, 2024. The Company will hold a conference call to discuss its third-quarter 2024 financial results and fourth-quarter 2024 guidance on Wednesday, November 13, 2024, at 10:00 a.m. Eastern Time (09:00 a.m. Central, 08:00 a.m. Mountain, 07:00 a.m. Pacific and 05:00 p.m. Israel time).
Tower Semiconductor (TSEM) is a specialty pure-play foundry offering customizable process technologies and poised to benefit from the AI boom due to its flexibility and strong financial position. TSEM reported strong sequential growth in Q2 2024, driven by surging demand in RF infrastructure and mobile business, along with significant growth in silicon photonics. The company boasts a robust balance sheet with a strong debt-to-equity ratio, manageable debt, and a current asset ratio of 5.9, reflecting its solid financial position amid growing demand.
Israel's Tower Semiconductor and Adani Group will invest 839.47 billion rupees ($10.01 billion) for a semiconductor project in India's western state of Maharashtra, its chief minister said in a post on X on Thursday.
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