Tower Semiconductor Ltd. (TSEM) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to today's Tower Semiconductor Second Quarter 2025 Earnings Conference Call. At this time, all participants are in listen-only mode. Then will be a presentation followed by the question and answer session, at which time, if you wish to ask a question, you will need to press star 1 1 on your telephone keypad and wait for your name to be announced. I must advise you that this conference has been recorded today. I would now like to hand the conference over to our speaker today, Ms. Noet Levy, Senior Vice President of Investor Relations and Human Resources. Please go ahead, Madam. Thank you, and welcome to Towers' second quarter 2025 Financial Results Conference call. Before we begin, please note that certain statements made today may be forward-looking and subject to risks and uncertainties that could cause actual results to defer materially. These risks are detailed in our SEC filings, Form 20F and 6K, as well as filings with the Israeli Securities Authority, all available on our website. Tower assumes no obligation to update forward-looking statements. Our second quarter 2025 results are prepared in accordance with U.S. GAAP. Some data presented may include non-GAAP financial measures as defined under SEC Regulation G. Reconciliations to gap figures and full explanations are provided in today's press release and financial tables. Please note that we have a supporting slide deck that is available on our website and integrated into this webcast. With that, I'd like to turn the call over to our CEO, Mr. Russell Elwanger. Russell? Thank you, Noit. Thank you all for joining us today for our second quarter 2025 earnings call. We delivered strong results in the second quarter with revenues of $372 m...