Operator

Good day, and thank you for standing by. Welcome to the Tower Semiconductor First Quarter 2026 Results Conference Call. [Operator Instructions] Please be advised that this conference is being recorded.

I would now like to hand the conference over to your first speaker today, Noit Levy. Please go ahead.

Noit Levi-Karoubi
Senior Vice President of Human Resources, Investor Relations & Corporate Communications

Thank you. Hi, everyone, and thank you for joining us today. Welcome to Tower Semiconductor's First Quarter of 2026 Financial Results Conference Call. With us today are Mr. Russell Ellwanger, our Chief Executive Officer; and Mr. Oren Shirazi, our Chief Financial Officer.

Before we begin, please note that certain statements made during today's call may be forward-looking and are subject to risks and uncertainties that could cause actual results to differ materially. These risks are detailed in our SEC filings, Form 20-F and 6-K as well as filings with the Israeli Securities Authority, all available on our website. Tower assumes no obligation to update any such forward-looking statements.

Our first quarter 2026 results are prepared in accordance with U.S. GAAP. Some that are presented may include non-GAAP financial measures as defined under SEC Regulation G. Reconciliations to GAAP figures and full explanations are provided in today's press release and financial tables. For your reference, a