Tower Semiconductor Q3 Earnings: Revenue And Profit Beat, Plans $350 Million Expansion
Tower Semiconductor Q3 Earnings: Revenue And Profit Beat, Plans $350 Million Expansion
As of September end, the company generated $125 million in operating cash flow and held $1.21 billion in cash and equivalents.Tower Semiconductor Ltd (NASDAQ: TSEM) reported a fiscal third-quarter 2024 revenue growth of 3.4% year-on-year to $370.51 million, marginally beating the analyst consensus estimate of $370.33 million.
塔半导体有限公司（纳斯达克股票代码：TSEM）报告称，2024财年第三季度收入同比增长3.4％，至3.7051亿美元，略高于分析师共识估计的3.7033亿美元。
The Israel-based contract chipmaker's adjusted EPS of $0.57 beat the analyst consensus estimate of $0.53. The stock price gained after the print.
这家总部位于以色列的合约芯片制造商调整后的每股收益为0.57美元，超过了分析师共识估计的0.53美元。印刷后股价上涨。
Gross profit was $93.06 million, up 7.1% Y/Y. The margin improved by 86 bps to 25.1%. Operating profit of $55.76 million declined 84.6% Y/Y as last year's profit included an Intel Corp (NASDAQ:INTC) merger contract termination fee of $314 million.
毛利为9,306万美元，同比增长7.1％，利润率提高了86个基点至25.1％。由于去年的利润包括英特尔公司（纳斯达克股票代码：INTC）3.14亿美元的合并合同终止费，营业利润为5,576万美元，同比下降84.6％。
As of September end, the company generated $125 million in operating cash flow and held $1.21 billion in cash and equivalents.
截至9月底，该公司创造了1.25亿美元的运营现金流，并持有12.1亿美元的现金及等价物。
The company has initiated a $350 million investment plan to boost capacity and enhance SiPho (Silicon Photonics) and SiGe (Silicon Germanium) capabilities.
该公司已启动一项3.5亿美元的投资计划，以提高产能并增强SiPHO（硅光子学）和SiGe（硅锗）的能力。
This expansion involves ramping up and qualifying for a 200mm capacity at its San Antonio and Migdal Haemek sites and its 300mm facility in Uozu to meet increasing customer demand in high-growth markets.
此次扩张包括提高其圣安东尼奥和米格达尔海梅克工厂及其位于鱼津的300毫米工厂的产能并有资格获得200毫米的容量，以满足高增长市场中不断增长的客户需求。
Tower Semiconductor's CEO, Russell Ellwanger, accentuated the company's consistent quarter-over-quarter revenue growth, including the outlook for Q4.
塔半导体首席执行官罗素·埃尔旺格强调了该公司持续的季度收入同比增长，包括第四季度的展望。
He attributed this to strong double-digit year-over-year gains across key technology platforms like advanced 300mm RF SOI, 65nm Power BCD, and next-generation Silicon Photonics and Silicon Germanium technologies.
他将其归因于先进的300mm RF SOI、65nm Power BCD以及下一代硅光子学和硅锗技术等关键技术平台的强劲同比增长两位数。
Ellwanger also mentioned the rising demand for SiGe and SiPho, prompting investments in multiple factories to expand capacity. This strategic move aims to maintain Tower's leadership in providing essential components for AI-driven data center markets, particularly optical transceivers.
埃尔旺格还提到，对SigE和SiPho的需求不断增加，这促使对多家工厂的投资以扩大产能。这一战略举措旨在保持Tower在为人工智能驱动的数据中心市场（尤其是光学收发器）提供基本组件方面的领导地位。
Outlook: Tower Semiconductor expects fourth-quarter revenue of $387 million, with a 5% upward or downward range versus the $379.23 million consensus.
展望：塔半导体预计第四季度收入为3.87亿美元，上升或下降幅度为5％，而市场普遍预期的3.7923亿美元。
Tower Semiconductor stock surged over 42% year-to-date.
塔式半导体股价今年迄今飙升了42％以上。
TSEM Price Action: TSEM stock is up 8.70% at $46.85 premarket at the last check Wednesday.
Stem价格走势：在周三的最后一次盘前检查中，tSEM股价上涨8.70％，至46.85美元。
Photo via Wikimedia Commons
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