Tower Semiconductor Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,622	1,566	1,436	1,423	1,678	1,508
Revenue Growth (YoY)	10.53%	9.05%	0.95%	-15.20%	11.24%	19.16%
Cost of Revenue	1,220	1,202	1,097	1,069	1,211	1,179
Gross Profit	290.79	363.85	339.44	353.52	466.31	329.12
Selling, General & Admin	85.94	83.19	74.96	72.45	80.28	77.22
Research & Development	89.85	86.5	79.43	79.81	83.91	85.39
Other Operating Expenses	-	-	-6.27	-346.01	-9.56	-
Total Operating Expenses	175.8	169.68	148.13	-193.75	154.63	162.61
Operating Income	225.84	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)	45.13	-10.53	-24.72	7.05	-6.93	1.46
Total Non-Operating Income (Expense)	45.13	46.21	26.11	37.58	-19.7	-11.41
Pretax Income	270.97	240.38	217.43	584.84	291.97	155.1
Provision for Income Taxes	24.31	21.57	10.21	65.31	25.5	1.02
Net Income	245.36	220.47	207.86	518.49	264.57	150.01
Minority Interest in Earnings	1.3	-1.66	-0.64	1.04	1.9	4.06
Net Income to Common	245.36	220.47	207.86	518.49	264.57	150.01
Net Income Growth	20.65%	6.07%	-59.91%	95.98%	76.37%	82.27%
Shares Outstanding (Basic)	56	112	111	110	109	108
Shares Outstanding (Diluted)	57	114	112	111	111	110
Shares Change (YoY)	-49.54%	1.12%	1.01%	0.42%	0.87%	1.21%
EPS (Basic)	2.19	1.97	1.87	4.70	2.42	1.39
EPS (Diluted)	2.15	1.94	1.85	4.66	2.39	1.37
EPS Growth	18.79%	4.87%	-60.30%	94.98%	74.45%	80.26%
Shares Outstanding	112.53	112.53	111.55	110.83	109.95	108.88
Free Cash Flow	433.5	-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	7.63	-0.43	0.11	2.09	1.48	0.98
Gross Margin	17.93%	23.23%	23.64%	24.85%	27.80%	21.82%
Operating Margin	13.93%	12.40%	13.32%	38.47%	18.58%	11.04%
Profit Margin	15.21%	13.97%	14.43%	36.52%	15.88%	10.22%
FCF Margin	26.73%	-3.13%	0.87%	16.31%	9.74%	7.13%
EBITDA	461.19	497.28	457.59	805.29	604.31	437.22
EBITDA Margin	28.44%	31.75%	31.86%	56.60%	36.02%	28.99%
EBIT	225.84	194.17	191.31	547.26	311.67	166.51
EBIT Margin	13.93%	12.40%	13.32%	38.47%	18.58%	11.04%
Effective Tax Rate	8.97%	8.97%	4.69%	11.17%	8.73%	0.66%

Updated May 13, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q