On August 3, Tower Semiconductor fell 5.9% in regular trading, trading at 210.97 USD/share, with turnover of approximately $67.16 million.

On the news front, the semiconductor sector experienced broad weakness, with major chip stocks declining across the board. Tower Semiconductor had previously rallied sharply from approximately $192 to around $223 in recent sessions, accumulating significant short-term gains. With the company scheduled to release its second-quarter earnings on August 4, rising uncertainty ahead of the report combined with sector-wide selling pressure triggered profit-taking.

Market consensus expects Q2 revenue of $455 million, representing 22.35% year-over-year growth, with adjusted EPS projected at $0.76, up 67.70% year-over-year. Wedbush noted that accelerating silicon photonics capacity could drive an upside surprise, highlighting the company has met or exceeded expectations for eight consecutive quarters.

Within the Semiconductors sector, the overall sector declined broadly. Among individual stocks, Micron Technology down 5.15%, SK hynix down 5.43%, Intel down 4.04%, Advanced Micro Devices down 2.72%, NVIDIA down 0.78%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)