07:36 AM EDT, 05/14/2025 (MT Newswires) -- Tower Semiconductor ( TSEM ) reported Q1 adjusted earnings Wednesday of $0.45 per share, down from $0.46 a year earlier.

Analysts surveyed by FactSet expected $0.38.

Revenue for the quarter ended March 31 was $358.2 million, up from $327.2 million a year earlier.

Analysts surveyed by FactSet expected $358.1 million.

The company expects Q2 revenue of approximately $372 million. Analysts surveyed by FactSet expect $371.3 million.

Shares of the company were down 1% in recent Wednesday premarket activity.