NasdaqGS:TSEMSemiconductor
Tower Semiconductor (TSEM) Is Down 12.8% After Strong Q1 Beat And New Silicon Photonics Deals
In early June 2026, Tower Semiconductor reported a strong first quarter with revenue and earnings above expectations, raised guidance, and disclosed long-term silicon photonics contracts accompanied by customer prepayments to secure future capacity.
Despite this operational momentum and growing silicon photonics backlog through 2027 and beyond, the shares were pressured by a wider pullback in semiconductor and AI hardware names rather than any adverse company-specific development.
Now we’ll...

