Business Context and Reporting Period
This Form 6-K filing by Tower Semiconductor Ltd. (TowerJazz) is dated October 13, 2016. The company operates as a global specialty foundry leader, manufacturing integrated circuits with customizable process technologies including SiGe, BiCMOS, RF CMOS, and MEMS. TowerJazz operates manufacturing facilities in Israel, the U.S., and Japan (via a majority-owned joint venture with Panasonic). This filing serves as an announcement regarding the schedule for the Third Quarter 2016 financial results.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a procedural announcement and does not contain the actual financial data for the period.
Material Changes
No material changes to financial performance or operations are reported in this filing, as it does not contain comparative financial data.
Guidance, Outlook, and Management Commentary
TowerJazz has scheduled the release of its Third Quarter 2016 earnings for Tuesday, November 15, 2016. The company will provide Fourth Quarter 2016 guidance during this release. Management plans to host an Investor and Analyst Conference on Wednesday, November 16, 2016, in New York to discuss business strategies, performance, achievements, and future goals.
- Earnings Release Date: November 15, 2016
- Conference Call Time: 10:00 a.m. Eastern Time on November 15, 2016
- Investor Conference Date: November 16, 2016
Important Facts for Investors to Verify
- Confirm the actual Third Quarter 2016 revenue and net income figures when the earnings release is published on November 15, 2016.
- Review the Fourth Quarter 2016 guidance provided during the conference call to assess future growth expectations.
- Monitor the outcome of the Investor and Analyst Conference on November 16, 2016, for updates on the company's strategic roadmap and capacity expansion.
- Verify the operational status and contribution of the TowerJazz Panasonic Semiconductor Co. (TPSCo) joint venture in Japan.