Tower Semiconductor Ltd. (TSEM)

TSEM Income Statement

Revenue, expenses, and profitability analysis

TSEM Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	401.634M	110.951M	117.612M	93.045M	80.026M	73.171M	86.853M	93.061M	86.922M
Revenue	1.622B	413.631M	440.206M	395.667M	372.061M	358.170M	387.191M	370.512M	351.181M
Cost of Goods Sold	1.220B	302.680M	322.594M	302.622M	292.035M	284.999M	300.338M	277.451M	264.259M
Gross Profit Margin	26.8%	26.8%	26.7%	23.5%	21.5%	20.4%	22.4%	25.1%	24.8%
Total Operating Expenses	175.795M	46.386M	46.783M	42.465M	40.161M	40.273M	40.434M	37.299M	31.774M
Research & Development	89.854M	23.530M	24.850M	22.056M	19.418M	20.172M	20.622M	19.867M	18.994M
Selling, General & Administrative	85.941M	22.856M	21.933M	20.409M	20.743M	20.101M	19.812M	17.432M	19.050M
Operating Income (EBIT)	225.839M	64.565M	70.829M	50.580M	39.865M	32.898M	46.419M	55.762M	55.148M
Operating Margin	15.6%	15.6%	16.1%	12.8%	10.7%	9.2%	12.0%	15.0%	15.7%
Income Before Tax (EBT)	270.970M	74.083M	81.564M	61.071M	54.252M	43.496M	54.734M	61.866M	62.858M
Interest Income	45.131M	9.518M	10.735M	10.491M	14.387M	10.598M	8.315M	6.104M	7.710M
Interest Expense	—	—	—	—	—	—	—	—	—
Other Income/Expense	45.131M	9.518M	10.735M	10.491M	14.387M	10.598M	8.315M	6.104M	7.710M
Net Income	245.360M	65.032M	80.132M	53.645M	46.551M	40.142M	55.138M	54.647M	53.445M
Income Tax Expense	24.308M	6.518M	1.505M	7.625M	8.660M	3.779M	2.149M	7.026M	6.108M
Net Profit Margin	15.7%	15.7%	18.2%	13.6%	12.5%	11.2%	14.2%	14.7%	15.2%
EBITDA	581.443M	157.008M	158.020M	137.527M	128.888M	117.724M	139.165M	127.214M	114.445M
EBITDA Margin	38.0%	38.0%	35.9%	34.8%	34.6%	32.9%	35.9%	34.3%	32.6%
Depreciation & Amortization	310.473M	82.925M	76.456M	76.456M	74.636M	74.228M	84.431M	65.348M	65.567M
EPS Basic	2.18	0.57	0.71	0.48	0.42	0.36	0.49	0.49	0.48
EPS Diluted	2.15	0.57	0.70	0.47	0.41	0.35	0.49	0.49	0.48
Shares Outstanding	114.342M	114.342M	114.474M	112.132M	111.810M	111.575M	111.493M	111.524M	111.037M
Diluted Shares Outstanding	114.342M	114.342M	114.191M	113.751M	113.282M	113.152M	112.967M	112.474M	111.979M

TSEM Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	363.854M	339.442M	353.519M	466.308M	329.118M	233.318M	229.671M	292.947M
Revenue	1.566B	1.436B	1.423B	1.678B	1.508B	1.266B	1.234B	1.304B
Cost of Goods Sold	1.202B	1.097B	1.069B	1.211B	1.179B	1.032B	1.004B	1.011B
Gross Profit Margin	23.2%	23.6%	24.8%	27.8%	21.8%	18.4%	18.6%	22.5%
Total Operating Expenses	169.682M	148.128M	-193.745M	154.634M	162.607M	142.285M	142.955M	138.004M
Research & Development	86.496M	20.622M	79.808M	83.911M	85.386M	78.320M	75.579M	73.053M
Selling, General & Administrative	83.186M	74.964M	72.454M	80.282M	77.221M	63.965M	67.376M	64.951M
Operating Income (EBIT)	194.172M	191.314M	547.264M	311.674M	166.511M	91.033M	86.716M	154.943M
Operating Margin	12.4%	13.3%	38.5%	18.6%	11.0%	7.2%	7.0%	11.9%
Income Before Tax (EBT)	240.383M	217.427M	584.842M	291.973M	155.099M	88.688M	91.021M	139.317M
Interest Income	46.211M	55.488M	39.987M	13.596M	5.368M	8.484M	12.949M	10.762M
Interest Expense	—	5.862M	4.444M	5.687M	11.691M	16.056M	11.969M	22.882M
Other Income/Expense	46.211M	26.113M	37.578M	-19.701M	-11.412M	-2.345M	4.305M	-15.626M
Net Income	220.470M	207.864M	518.494M	264.569M	150.012M	82.302M	90.048M	135.579M
Income Tax Expense	21.569M	10.205M	65.312M	25.502M	1.024M	5.399M	2.948M	5.938M
Net Profit Margin	14.1%	14.5%	36.4%	15.8%	9.9%	6.5%	7.3%	10.4%
EBITDA	543.495M	451.323M	847.307M	590.298M	433.121M	335.974M	312.318M	369.334M
EBITDA Margin	34.7%	31.4%	59.6%	35.2%	28.7%	26.5%	25.3%	28.3%
Depreciation & Amortization	303.112M	266.279M	258.021M	292.638M	270.710M	240.531M	214.474M	214.391M
EPS Basic	1.97	1.87	4.70	2.42	1.39	0.77	0.85	1.35
EPS Diluted	1.94	1.85	4.66	2.39	1.37	0.76	0.84	1.32
Shares Outstanding	113.644M	111.153M	110.289M	109.349M	108.279M	107.254M	106.256M	100.399M
Diluted Shares Outstanding	113.597M	112.343M	111.216M	110.754M	109.798M	108.480M	107.438M	102.517M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Tower Semiconductor Ltd.

Tower Semiconductor Ltd. operates as a prominent independent semiconductor foundry, engaged in the worldwide production and sale of analog-intensive, mixed-signal semiconductor components. The company provides a comprehensive suite of customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensors, integrated power management solutions, and MEMS. Furthermore, it offers wafer fabrication services, a design enablement platform to streamline the development process, and specialized services for process transfer optimization and new product development. Tower Semiconductor caters to both integrated device manufacturers and fabless companies, with its products serving a wide range of industries such as consumer electronics, computing, telecommunications, automotive, industrial, aerospace, defense, and medical devices. Established in 1993 and based in Migdal Haemek, Israel, its market reach extends across the United States, Japan, other Asian regions, and Europe.

Migdal Haemek

5,613 employees

towersemi.com

Technology / Semiconductors

Sector: Technology
Industry: Semiconductors
CEO: Russell C. Ellwanger

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