Tower Semiconductor (TSEM) on Wednesday beat Wall Street’s targets for the first quarter and with its outlook for the second quarter.
TSEM stock jumped in early trading
The Israel-based contract chipmaker earned an adjusted 65 cents a share on sales of $413.6 million in the March quarter. Analysts polled by FactSet had expected earnings of 56 cents a share on… Related news Satellite Boom Launches STMicroelectronics Stock Into Orbit 4/17/2026 STMicroelectronics is getting a lift from its exposure to the boom in low-earth-orbit communications satellites. STM stock earned an upgrade. 4/17/2026 STMicroelectronics is getting a lift from its exposure to the