Tower Semiconductor (TSEM) Misses Q2 EPS by 4c

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Go back to Tower Semiconductor (TSEM) Misses Q2 EPS by 4c

Tower Semiconductor Reports Second Quarter 2022 Record Revenue of $426 Million Year over Year Revenue Growth of 18% Total and 30% Organic

August 2, 2022 5:00 AM EDT

MIGDAL HAEMEK, Israel, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the second quarter ended June 30, 2022.

Second Quarter of 2022 Results Overview

Revenue for the second quarter of 2022 was $426 million, as compared to $362 million in the second quarter of 2021, reflecting 18% revenue growth. Organic revenue grew by 30% year over year for the second quarter of 2022 (organic revenue defined as total revenue excluding revenues from (i) Nuvoton in the Japanese... More