Tower Semiconductor Ltd. (TSEM)

Tower Semiconductor Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,513	1,436	1,423	1,678	1,508	1,266
Revenue Growth (YoY)	8.03%	0.95%	-15.20%	11.24%	19.16%	2.57%
Cost of Revenue	1,180	1,097	1,069	1,211	1,179	1,032
Gross Profit	333.1	339.44	353.52	466.31	329.12	233.32
Selling, General & Admin	81.07	74.96	72.45	80.28	77.22	63.97
Research & Development	82.27	79.43	79.81	83.91	85.39	78.32
Operating Expenses	163.33	154.4	152.26	164.19	162.61	142.29
Operating Income	169.76	185.04	201.26	302.12	166.51	91.03
Interest Expense	-4.03	-4.03	-5.08	-6.46	-9.09	-9.8
Interest & Investment Income	73.17	55.49	39.99	13.6	5.37	8.48
Currency Exchange Gain (Loss)	-3.4	-3.4	-1.01	-3.99	-7.09	5.51
Other Non Operating Income (Expenses)	-27.55	-27.55	0.74	-13.63	-0.6	-6.54
EBT Excluding Unusual Items	207.95	205.55	235.89	291.64	155.1	88.69
Merger & Restructuring Charges	-	6.27	32.51	9.56	-	-
Gain (Loss) on Sale of Investments	5.61	5.61	2.94	-9.23	-	-
Other Unusual Items	-	-	313.5	-	-	-
Pretax Income	213.55	217.43	584.84	291.97	155.1	88.69
Income Tax Expense	22.21	10.21	65.31	25.5	1.02	5.4
Earnings From Continuing Operations	191.34	207.22	519.53	266.47	154.08	83.29
Minority Interest in Earnings	4.14	0.64	-1.04	-1.9	-4.06	-0.99
Net Income	195.48	207.86	518.49	264.57	150.01	82.3
Net Income to Common	195.48	207.86	518.49	264.57	150.01	82.3
Net Income Growth	-5.37%	-59.91%	95.98%	76.37%	82.27%	-8.60%
Shares Outstanding (Basic)	112	111	110	109	108	107
Shares Outstanding (Diluted)	113	112	111	111	110	108
Shares Change (YoY)	1.21%	1.01%	0.42%	0.87%	1.21%	0.97%
EPS (Basic)	1.75	1.87	4.70	2.42	1.39	0.77
EPS (Diluted)	1.73	1.85	4.66	2.39	1.37	0.76
EPS Growth	-6.03%	-60.30%	94.98%	74.45%	80.26%	-9.52%
Free Cash Flow	33.28	12.53	232.06	163.42	107.49	-37.1
Free Cash Flow Per Share	0.29	0.11	2.09	1.48	0.98	-0.34
Gross Margin	22.01%	23.64%	24.85%	27.80%	21.82%	18.43%
Operating Margin	11.22%	12.88%	14.15%	18.01%	11.04%	7.19%
Profit Margin	12.92%	14.47%	36.45%	15.77%	9.95%	6.50%
Free Cash Flow Margin	2.20%	0.87%	16.31%	9.74%	7.13%	-2.93%
EBITDA	470.9	451.32	459.28	594.75	437.22	331.56
EBITDA Margin	31.12%	31.43%	32.28%	35.45%	28.99%	26.20%
D&A For EBITDA	301.14	266.28	258.02	292.64	270.71	240.53
EBIT	169.76	185.04	201.26	302.12	166.51	91.03
EBIT Margin	11.22%	12.88%	14.15%	18.01%	11.04%	7.19%
Effective Tax Rate	10.40%	4.69%	11.17%	8.73%	0.66%	6.09%

Updated Nov 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q