Tower Semiconductor (TSEM) Misses Q1 EPS by 11c, Beats on Revenues; Offers 2Q Revenue Outlook Below Consensus

May 7, 2018 6:05 AM EDT
Get Alerts TSEM Hot Sheet
Price: $27.39 +2.82%

EPS Growth %: +55.0%

Today's EPS Names:
YUM, VC, TFX, More
Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Tower Semiconductor (NASDAQ: TSEM) reported Q1 EPS of $0.31, $0.11 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $313 million versus the consensus estimate of $325.03 million.


  • Revenues of $313 million resulted in EBITDA of $84 million and net profit of $26 million;
  • Cash from operations of $75 million and free cash flow of $35 million;
  • Record net cash of $247 million;
  • Record Shareholders equity of $1.07 billion;
  • Received upgraded S&P rating from “ilA+ stable” to “ilAA- stable”;
  • Forecast second quarter revenue growth of 7% sequentially, with a mid-range guidance of $335 million.
  • Business OutlookTowerJazz expects revenues for the second quarter of 2018 ending June 30, 2018 to be $335 million, with an upward or downward range of 5%, representing a sequential growth of 7%.


Tower Semiconductor sees Q2 2018 revenue of $335 million, versus the consensus of $343.72 million.

For earnings history and earnings-related data on Tower Semiconductor (TSEM) click here.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Earnings, Guidance, Hot Guidance

Related Entities

Standard & Poor's, Earnings