07:24 AM EDT, 08/04/2025 (MT Newswires) -- Tower Semiconductor ( TSEM ) reported Q2 adjusted earnings Monday of $0.50 per diluted share, down from $0.53 a year earlier.

Analysts polled by FactSet expected $0.45.

Revenue for the quarter ended June 30 was $372.1 million, up from $351.2 million a year earlier.

Analysts surveyed by FactSet expected $371.6 million.

The company said it expects Q3 revenue of $395 million with an upward or downward range of 5%. Analysts surveyed by FactSet expect $392.5 million.

The company's shares were up more than 3% in recent premarket activity Monday.