# Tower reports $526 million quarterly revenue as customer contracts extend through 2029

_Published Monday, November 2, 2026 at 8:18 AM EST · Products · Latest · Tier 2 — Notable_

![Tower reports $526 million quarterly revenue as customer contracts extend through 2029 — Primary](https://manilatimes.net/manilatimes/uploads/images/2026/11/02/1287637.png)

Tower Semiconductor reported third-quarter revenue of $526 million, up 33% from $396 million a year earlier, and forecast fourth-quarter revenue of $600 million, with an upward or downward range of 5%.

The chip manufacturer said demand for infrastructure chips is driving growth in its high-speed connectivity business. It targets an annualized $1.1 billion fourth-quarter revenue run rate for silicon photonics, which uses light to transmit data.

Tower said capacity investments, including its Track-1 Japan 300mm buildout, are progressing ahead of schedule, supported by customer contracts being extended through 2029. Quarterly investments in property and equipment, net, reached $191 million, compared with $185 million in operating cash flow.

## Sources

- [The Manila Times](https://www.manilatimes.net/2026/11/02/tmt-newswire/globenewswire/tower-semiconductor-reports-third-quarter-record-results-providing-record-fourth-quarter-guidance-resulting-in-2026-2-billion-annual-revenue/2459404)

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Canonical: https://techandbusiness.org/newswire/hvpHFxjPrMsGqY1i48QApB
Published: 2026-11-02T13:18:11.815Z
Story chronology: 2026-11-02T12:08:05.000Z
Retrieved: 2026-11-02T15:30:41.041Z
Publisher: Tech & Business (techandbusiness.org)