Tower Semiconductor Q1 2023 Earnings Report

Tower Semiconductor EPS Results

• Actual EPS: $0.41
• Consensus EPS: $0.44
• Beat/Miss: Missed by -$0.03
• One Year Ago EPS: N/A

Tower Semiconductor Revenue Results

• Actual Revenue: $355.61 million
• Expected Revenue: $348.80 million
• Beat/Miss: Beat by +$6.81 million
• YoY Revenue Growth: N/A

Tower Semiconductor Announcement Details

• Quarter: Q1 2023
• Date: 5/15/2023
• Time: N/A

Tower Semiconductor (NASDAQ:TSEM), an independent semiconductor foundry, focus on specialty process technologies to manufacture analog intensive mixed-signal semiconductor devices in Israel, the United States, Japan, Europe, and internationally. It provides various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS. The Company also provides design enablement platform for quick and accurate design cycle, as well as transfer optimization and development process services to integrated device manufacturers and fabless companies. It serves various markets, such as consumer electronics, personal computers, communications, automotive, industrial, aerospace, military, and medical device products. The company was incorporated in 1993 and is headquartered in Migdal Haemek, Israel.