Yazılar

Tower Semiconductor Forecasts Q2 Revenue Above Estimates on Wireless Chip Demand

/in /tarafından

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.

Skyworks Beats Q2, Offers Upbeat Q3 Forecast; Names New CFO Amid Chip Demand Strength

/in /tarafından

Skyworks Solutions (SWKS.O), a key Apple supplier, reported stronger-than-expected second-quarter results and issued an upbeat Q3 forecast, signaling resilient demand for its analog and mixed-signal chips despite ongoing global trade tensions. The company also announced the appointment of Mark Dentinger as its new Chief Financial Officer, effective June 2, succeeding Kris Sennesael, who is stepping down to pursue another opportunity.

Shares rose 2.7% in extended trading following the announcements.

Q2 Results:

  • Revenue: $953M (vs. $951.5M expected)

  • Adjusted EPS: $1.24 (vs. $1.20 expected)

Q3 Outlook:

  • Revenue guidance: $920M–$960M (midpoint > $922M estimate)

  • Adjusted EPS guidance: $1.24 (vs. $1.06 estimate)

  • Mobile chip business: Expected to decline low single digits sequentially

  • Broad markets: On track for another quarter of sequential growth

“We remain encouraged by ongoing momentum in our broad markets,” the company said in its earnings release, citing improving year-over-year trends across industrial, automotive, and consumer segments.

Leadership Change:

  • Mark Dentinger, former CFO of Veritas, will step in as Skyworks CFO on June 2

  • Kris Sennesael, outgoing CFO, to exit on Friday

Skyworks continues to compete with chipmakers like NXP Semiconductors (NXPI), Qorvo (QRVO), and Texas Instruments (TXN) in supplying key components for wireless communications and IoT-driven applications.

Despite macroeconomic uncertainty and tech-sector volatility, the company’s stable mobile business and growth in diversified markets underscore investor confidence going into the back half of 2025.