Tower Semiconductor Analysts Boost Their Forecasts After Upbeat Q2 Earnings
1. TSEM's Q2 revenue grew 6% to $372.06 million, exceeding expectations. 2. Adjusted EPS of 50 cents surpassed analyst estimates of 45 cents. 3. TSEM projects Q3 revenue between $375.25 million and $414.75 million. 4. CEO highlights strong growth in RF infrastructure and AI markets. 5. Analysts raised TSEM price targets to $66 after earnings release.