TSEM
Tower Semiconductor Ltd
NASDAQ: TSEM · TECHNOLOGY · SEMICONDUCTORS
$221.05
+10.98% today
Updated 2026-04-30
Market cap
$23.03B
P/E ratio
99.77
P/S ratio
14.71x
EPS (TTM)
$1.94
Dividend yield
—
52W range
$35 – $229
Volume
3.0M
Tower Semiconductor Ltd (TSEM) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $187.44M | $230.85M | $251.66M | $298.81M | $509.26M | $611.02M | $638.83M | $505.01M | $828.01M | $960.56M | $1.25B | $1.39B | $1.30B | $1.23B | $1.27B | $1.51B | $1.68B | $1.42B | $1.44B | $1.57B |
| Revenue growth (YoY) | — | +23.2% | +9.0% | +18.7% | +70.4% | +20.0% | +4.6% | -20.9% | +64.0% | +16.0% | +30.1% | +11.0% | -6.0% | -5.4% | +2.6% | +19.2% | +11.2% | -15.2% | +0.9% | +9.1% |
| Cost of revenue | $267.39M | $284.77M | $298.68M | $325.31M | $402.08M | $526.20M | $560.05M | $476.90M | $764.22M | $755.20M | $946.53M | $1.03B | $1.01B | $1.00B | $1.03B | $1.18B | $1.21B | $1.07B | $1.10B | $1.20B |
| Gross profit | $-79.95M | $-53.92M | $-47.02M | $-26.50M | $107.19M | $84.83M | $78.78M | $28.11M | $63.79M | $205.37M | $303.10M | $354.31M | $292.95M | $229.67M | $233.32M | $329.12M | $466.31M | $353.52M | $339.44M | $363.85M |
| Gross margin | -42.7% | -23.4% | -18.7% | -8.9% | 21.0% | 13.9% | 12.3% | 5.6% | 7.7% | 21.4% | 24.3% | 25.5% | 22.5% | 18.6% | 18.4% | 21.8% | 27.8% | 24.8% | 23.6% | 23.2% |
| R&D | $14.98M | $13.79M | $14.97M | $23.38M | $23.88M | $24.89M | $31.09M | $33.06M | $51.84M | $61.67M | $63.13M | $67.66M | $73.05M | $75.58M | $78.32M | $85.39M | $83.91M | $79.81M | $20.62M | $86.50M |
| SG&A | $24.50M | $31.60M | $33.20M | $31.90M | $40.00M | $48.20M | $44.40M | $42.90M | $58.80M | $62.79M | $65.44M | $66.80M | $64.95M | $67.38M | $63.97M | $77.22M | $80.28M | $72.93M | $74.96M | $83.19M |
| Operating income | $-119.45M | $-99.31M | $-218.07M | $-81.82M | $43.32M | $10.21M | $-2.51M | $-55.34M | $-103.56M | $81.89M | $175.15M | $219.84M | $154.94M | $86.72M | $91.03M | $166.51M | $311.67M | $547.26M | $191.31M | $194.17M |
| Operating margin | -63.7% | -43.0% | -86.7% | -27.4% | 8.5% | 1.7% | -0.4% | -11.0% | -12.5% | 8.5% | 14.0% | 15.8% | 11.9% | 7.0% | 7.2% | 11.0% | 18.6% | 38.5% | 13.3% | 12.4% |
| EBITDA | $50.78M | $55.03M | $52.91M | $61.59M | $186.28M | $210.79M | $176.86M | $103.84M | $183.84M | $248.94M | $372.13M | $428.25M | $369.33M | $312.32M | $335.97M | $433.12M | $590.30M | $847.31M | $451.32M | $497.28M |
| EBITDA margin | 27.1% | 23.8% | 21.0% | 20.6% | 36.6% | 34.5% | 27.7% | 20.6% | 22.2% | 25.9% | 29.8% | 30.9% | 28.3% | 25.3% | 26.5% | 28.7% | 35.2% | 59.6% | 31.4% | 31.8% |
| EBIT | $-104.01M | $-99.31M | $-85.89M | $-81.82M | $43.26M | $48.11M | $3.28M | $-60.98M | $-59.52M | $80.90M | $174.53M | $219.84M | $154.94M | $97.84M | $95.44M | $162.41M | $297.66M | $589.29M | $185.04M | $194.17M |
| Interest expense | $2.38M | $92000.00 | $17.57M | $45.71M | $72.92M | $45.28M | $43.75M | $53.83M | $47.03M | $14.97M | $17.33M | $12.62M | $22.88M | $11.97M | $16.06M | $11.69M | $5.69M | $4.44M | $5.86M | $3.66M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-86.93M | $-134.20M | $-106.44M | $-120.46M | $-42.37M | $-18.53M | $-70.27M | $-107.66M | $4.26M | $-29.65M | $203.92M | $298.01M | $135.58M | $90.05M | $82.30M | $150.01M | $264.57M | $518.49M | $207.86M | $220.47M |
| Net income growth (YoY) | — | -54.4% | +20.7% | -13.2% | +64.8% | +56.3% | -279.2% | -53.2% | +104.0% | -795.4% | +787.8% | +46.1% | -54.5% | -33.6% | -8.6% | +82.3% | +76.4% | +96.0% | -59.9% | +6.1% |
| Profit margin | -46.4% | -58.1% | -42.3% | -40.3% | -8.3% | -3.0% | -11.0% | -21.3% | 0.5% | -3.1% | 16.3% | 21.5% | 10.4% | 7.3% | 6.5% | 9.9% | 15.8% | 36.4% | 14.5% | 14.1% |