Tower Semiconductor Outlines Long-Term Revenue Targets Driven by Silicon Photonics Growth
Tower Semiconductor (TSEM) reported record results for the third quarter of 2026, signaling strong financial momentum heading into fiscal year 2027. CEO Russell Ellwanger highlighted the company's robust business strength and outlined a strategic roadmap aimed at achieving an annual revenue model of $3.6 billion. A primary driver for this long-term growth is the Silicon Photonics (SiPho) segment. Management expects the SiPho run rate to exceed $1.1 billion by the fourth quarter of 2026, positioning the company as a significant player in high-growth semiconductor technologies.
Tickers: $TSEM
Topics: earnings results financial performance growth outlook
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