TSEM is trading 5.2% up at $289.96 in pre-market, extending a sharp multi-week rally driven by robust financial results and strategic growth in high-demand sectors.
- The company reported a Q1 2026 earnings beat featuring double-digit revenue and profit growth, alongside record revenue guidance for Q2.
- Gains are further supported by momentum from new AI photonics and defense radar chip deals, amid a broadly stronger pre-market tone for U.S. semiconductors.
- This move continues a significant upward trend fueled by the intersection of AI infrastructure and defense technology needs.