Şunun için etiket arşivi: chipmaker earnings

Tower Semiconductor (TSEM), the Israel-based contract chipmaker, forecast second-quarter revenue slightly above Wall Street expectations on Wednesday, buoyed by steady demand for wireless communication and power management chips.

The company, which specializes in analog and mixed-signal semiconductors, is seeing record growth in radio frequency (RF) infrastructure technologies, driven by expanding wireless and sensing applications—even as demand in automotive and industrial sectors remains uneven.

Key Forecast and Financial Highlights:

• Q2 Revenue Guidance: $372 million (±5%), above analyst estimates of $371.3 million (LSEG)

• Q1 Revenue: $358.2 million, in line with forecasts

• Q1 Adjusted EPS: 45 cents, beating estimates of 38 cents

Growth Drivers

• Strong demand for RF infrastructure chips used in wireless communication is a standout contributor to revenue.

• Despite choppy conditions in the automotive and EV sectors, Tower is finding support in consumer electronics and industrial applications.

The company is also expanding production capacity at its Agrate, Italy facility, a move that increases short-term costs but is expected to bolster long-term output and growth potential.

Tower reaffirmed its full-year outlook for sequential revenue growth across quarters, signaling confidence in its product pipeline and end-market stability.

Market Reaction

Despite the strong performance and upbeat forecast, Tower’s U.S.-listed shares slipped about 1% in premarket trading, possibly due to broader market sentiment or cost concerns related to facility expansion.

Tower’s continued focus on analog and RF chip technologies—especially amid global interest in connectivity and power efficiency—positions it as a resilient player in a diversifying semiconductor landscape.