Tower Semiconductor Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,566	1,436	1,423	1,678	1,508
Revenue Growth (YoY)	9.05%	0.95%	-15.20%	11.24%	19.16%
Cost of Revenue	1,202	1,097	1,069	1,211	1,179
Gross Profit	363.85	339.44	353.52	466.31	329.12
Selling, General & Admin	83.19	74.96	72.45	80.28	77.22
Research & Development	86.5	79.43	79.81	83.91	85.39
Other Operating Expenses	-	-6.27	-346.01	-9.56	-
Operating Income	194.17	191.31	547.26	311.67	166.51
Interest Income	56.74	50.83	30.53	-12.77	-12.87
Other Non-Operating Income (Expense)	-10.53	-24.72	7.05	-6.93	1.46
Total Non-Operating Income (Expense)	46.21	26.11	37.58	-19.7	-11.41
Pretax Income	240.38	217.43	584.84	291.97	155.1
Provision for Income Taxes	21.57	10.21	65.31	25.5	1.02
Net Income	220.47	207.86	518.49	264.57	150.01
Minority Interest in Earnings	1.66	0.64	-1.04	-1.9	-4.06
Net Income to Common	220.47	207.86	518.49	264.57	150.01
Net Income Growth	6.07%	-59.91%	95.98%	76.37%	82.27%
Shares Outstanding (Basic)	112	111	110	109	108
Shares Outstanding (Diluted)	114	112	111	111	110
Shares Change (YoY)	1.12%	1.01%	0.42%	0.87%	1.21%
EPS (Basic)	1.97	1.87	4.70	2.42	1.39
EPS (Diluted)	1.94	1.85	4.66	2.39	1.37
EPS Growth	4.87%	-60.30%	94.98%	74.45%	80.26%
Free Cash Flow	-48.94	12.53	232.06	163.42	107.49
Free Cash Flow Growth	-	-94.60%	42.00%	52.04%	-
Free Cash Flow Per Share	-0.43	0.11	2.09	1.48	0.98
Gross Margin	23.23%	23.64%	24.85%	27.80%	21.82%
Operating Margin	12.40%	13.32%	38.47%	18.58%	11.04%
Profit Margin	13.97%	14.43%	36.52%	15.88%	10.22%
FCF Margin	-3.13%	0.87%	16.31%	9.74%	7.13%
EBITDA	497.28	457.59	805.29	604.31	437.22
EBITDA Margin	31.75%	31.86%	56.60%	36.02%	28.99%
EBIT	194.17	191.31	547.26	311.67	166.51
EBIT Margin	12.40%	13.32%	38.47%	18.58%	11.04%
Effective Tax Rate	8.97%	4.69%	11.17%	8.73%	0.66%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.