Tower Semiconductor Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 426.17 million compared to USD 362.14 million a year ago. Net income was USD 58.08 million compared to USD 30.87 million a year ago. Basic earnings per share from continuing operations was USD 0.53 compared to USD 0.29 a year ago. Diluted earnings per share from continuing operations was USD 0.53 compared to USD 0.28 a year ago.
For the six months, sales was USD 847.3 million compared to USD 709.35 million a year ago. Net income was USD 112.11 million compared to USD 59.19 million a year ago. Basic earnings per share from continuing operations was USD 1.03 compared to USD 0.55 a year ago. Diluted earnings per share from continuing operations was USD 1.01 compared to USD 0.54 a year ago.