Tower Semiconductor tops second quarter earnings and revenue expectations Proactive uses images sourced from ShutterstockTower Semiconductor (NASDAQ:TSEM) has reported second quarter results above Wall Street expectations, including record revenue and profitability as the chipmaker continues to benefit from demand across its key business units. The company reported adjusted earnings per share of $0.88 for the second quarter, above the analyst consensus of $0.67. For the third quarter, Tower guided for record revenue of $520 million, plus or minus 5%. The midpoint represents 31% year-over-year growth and a 13% increase from the second quarter. Tower Semiconductor CEO Russell Ellwanger highlighted demand momentum across Tower's key business units, alongside expanded manufacturing capacity.