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Tower Semiconductor Where Analog and Value Meet Second quarter 2021 revenue represents 17 % total and 26 % organic year over year growth , with 2021 third quarter mid - range revenue guidance of 24 % total and 38 % organic year over year growth MIGDAL HAEMEK , ISRAEL – August 2 , 2021 - Tower Semiconductor ( NASDAQ : TSEM & TASE : TSEM ) reports today its results for the second quarter ended June 30 , 2021 . Highlights Tower Semiconductor Reports Second Quarter 2021 Record Revenues ; Guides Third Quarter Further Strong Revenue Growth ● ● Second quarter revenue of $ 362 million , reflecting record revenue for the company , with year over year 26 % organic growth and 17 % total growth . Significant year over year increases in gross profit , operating profit , and net profit . Guides mid - range revenue for the third quarter of 2021 of $ 385 million , demonstrating 24 % year over year growth and 38 % organic growth . Expanding the previously announced capacity expansion plan by an additional $ 100 million , to support continued increases in customers ' demand for highly differentiated 200mm platforms . Established partnership with ST Microelectronics accelerating the volume ramp - up of the Agrate 300mm factory , tripling Tower's 300mm capacity . Second Quarter of 2021 Results Overview Revenue for the second quarter of 2021 was $ 362 million , the highest quarterly revenue in Company's history , as compared to $ 310 million in the second quarter of 2020 , reflecting 17 % year over year growth . Organic revenue for the second quarter of 2021 , defined as total revenue