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Tower Semiconductor Ltd. logo
Tower Semiconductor Ltd. TSEM
$ 137.44 5.14%
report update icon

Quarterly report 2022-Q4
added 11-03-2026

Tower Semiconductor Ltd. Income Statement 2025-2008 | TSEM

Brief overview of revenue and earnings at Tower Semiconductor Ltd.

The comparison covers a five-year financial horizon. Tower Semiconductor Ltd. reported revenue of $1.3 billion in 2020 and $1.6 billion by 2025. Across the full period, sales moved by +23.7%; the average annual rate was 4.4%. Sales changed only slightly and remained broadly flat.

At the gross-profit level, the result moved from 233 million dollars to 364 million dollars, a change of +55.9%. Cost of revenue developed more favorably than sales, supporting gross profitability. Gross margin moved from 18.4% to 23.2%. The margin shift points to a more favorable sales-and-cost structure.

Over the period, EBITDA shifted from 332 million dollars to 497 million dollars, a change of +50%. EBITDA expanded faster than the top line. The EBITDA share of revenue changed from 26.2% to 31.8%. A wider margin confirms stronger operating efficiency.

Net income changed from 82.3 million dollars to 220 million dollars (+167.9%). The final result improved faster than the scale of the business.

Over the period, capitalization shifted from 2.8 billion dollars to 4.5 billion dollars (+62.8%). The valuation did not keep pace with the reported progress.

What the figures show

The figures do not all move in the same direction. The financial profile benefits from improving gross profitability, higher operating efficiency and a stronger final result. Caution is warranted because of limited revenue growth. Further direction will depend on top-line growth, operating profitability, and net income.

Annual Income Statement Tower Semiconductor Ltd.

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Market Cap

4.51 B 3.3 B 3.64 B 3.34 B 4.3 B 2.77 B 2.56 B 1.48 B 3.29 B 2.16 B 935 M 959 M 248 M 179 M 211 M 308 M 742 M -

Shares

112 M 111 M 110 M 109 M 108 M 107 M 106 M 100 M 96.6 M 101 M 74.4 M 63.2 M 39.6 M 21.6 M 20.1 M 15.7 M 170 M -

Historical Prices

40.3 29.6 33 30.5 39.7 25.8 24.1 14.7 34.1 19 14.1 13.3 5.84 7.95 9.45 19.6 4.35 14.2

Net Income

220 M 208 M 518 M 265 M 150 M 82.3 M 90 M 136 M 298 M 204 M -29.6 M 4.3 M -108 M -70.3 M -18.5 M -42.4 M -120 M -

Revenue

1.57 B 1.44 B 1.42 B 1.68 B 1.51 B 1.27 B 1.23 B 1.3 B 1.39 B 1.25 B 961 M 828 M 505 M 639 M 611 M 509 M - -

Cost of Revenue

1.2 B 1.1 B 1.07 B 1.21 B 1.18 B 1.03 B 1 B 1.01 B 1.03 B 947 M 755 M 764 M 477 M 560 M 526 M 402 M 325 M -

Gross Profit

364 M 339 M 354 M 466 M 329 M 233 M 230 M 293 M 354 M 303 M 205 M 63.8 M 28.1 M 78.8 M 84.8 M 107 M -26.5 M -

Operating Income

194 M 191 M 547 M 312 M 167 M 91 M 86.7 M 155 M 220 M 175 M 81.9 M -104 M -55.3 M -2.51 M 10.2 M 43.3 M -81.8 M -

Interest Expense

3.66 M 4.03 M 4.44 M 5.69 M 7.31 M 6.76 M 6.82 M 10.6 M 12.6 M 13.1 M 13.2 M 33.4 M 33 M 31.8 M 27.8 M 26.4 M 2.04 M -

EBITDA

497 M 458 M 805 M 604 M 437 M 332 M 301 M 369 M 428 M 423 M 250 M 306 M 110 M 171 M 173 M 186 M 61.6 M -

Operating Expenses

170 M 148 M -194 M 155 M 163 M 142 M 143 M 138 M 134 M 129 M 124 M 111 M 76 M 75.5 M 73.1 M 63.9 M 55.3 M -

General and Administrative Expenses

83.2 M 75 M 72.5 M 80.3 M 77.2 M 64 M - - - - - - - - - 40 M 31.9 M -

All numbers in USD currency

Quarterly Income Statement Tower Semiconductor Ltd.

2025-Q4 2024-Q4 2024-Q2 2023-Q4 2023-Q2 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q4 2009-Q4 2008-Q4

Shares

112 M 111 M 111 M 110 M 110 M - - 109 M - 109 M - 108 M - 108 M - 107 M - 107 M - 106 M - 105 M - 98.9 M - 98.5 M - 96.4 M - 93 M - 86.3 M - 82.1 M - 76.7 M - 58 M - 50.1 M - 47.9 M - 39.1 M - 22.3 M 22 M 22 M - 318 M - 19.7 M - 15.7 M 170 M -

Net Income

220 M 208 M 56.8 M 518 M 48.7 M - - 58.2 M - - - 31.3 M - - - 21.5 M - - - 19.7 M - - - 37.7 M - - - 50 M - - - 38.5 M - - - 7.79 M - - - -22.4 M - - - -22.9 M - - - -9.4 M - - - 1.74 M - -42.4 M -120 M -

Revenue

1.57 B 1.44 B 351 M 1.42 B 357 M - - 426 M - - - 362 M - - - 310 M - - - 306 M - - - 335 M - - - 345 M - - - 305 M - - - 236 M - - - 234 M - - - 125 M - - - 169 M - - - 140 M - 509 M - -

Cost of Revenue

1.2 B 1.1 B 264 M 1.07 B 271 M - - 314 M - - - 288 M - - - 252 M - - - 253 M - - - 257 M - - - 254 M - - - 232 M - - - 183 M - - - 227 M - - - 113 M - - - 140 M - - - 119 M - 402 M 325 M -

Gross Profit

364 M 339 M 86.9 M 354 M 86.5 M - - 112 M - - - 73.8 M - - - 57.7 M - - - 53.4 M - - - 78.5 M - - - 91.1 M - - - 72.7 M - - - 52.5 M - - - 6.72 M - - - 12.2 M - - - 28.3 M - - - 20.4 M - 107 M -26.5 M -

Operating Income

194 M 191 M 55.1 M 547 M 50.5 M - - 70.7 M - - - 34 M - - - 22.1 M - - - 17.8 M - - - 44.2 M - - - 57.4 M - - - 40.2 M - - - 21.5 M - - - -28.2 M - - - -7.98 M - - - 5.27 M - - - 2.48 M - 43.3 M -81.8 M -

Interest Expense

3.66 M 4.03 M - 4.44 M - - - - - - - - - - - - - - - - - - - 1.58 M - - - 2.07 M - - - 3 M - - - 3.61 M - - - 64 K - - - 201 K - - - -1.02 M - - - -319 K - 26.4 M 2.04 M -

EBITDA

497 M 458 M 180 M 805 M 176 M - - 70.7 M - - - 34 M - - - 22.1 M - - - 17.8 M - - - 44.2 M - - - 57.4 M - - - 40.2 M - - - 21.5 M - - - -28.2 M - - - -7.98 M - - - 5.27 M - - - 2.48 M - 186 M 61.6 M -

Operating Expenses

170 M 148 M 31.8 M -194 M 36 M - - 41.8 M - - - 39.8 M - - - 35.6 M - - - 35.6 M - - - 34.3 M - - - 33.7 M - - - 32.6 M - - - 31 M - - - 35 M - - - 20.2 M - - - 23.1 M - - - 17.9 M - 63.9 M 55.3 M -

General and Administrative Expenses

83.2 M 75 M 19 M 72.5 M 17.4 M - - 21.3 M - - - 18.7 M - - - 16.2 M - - - 16.8 M - - - 16.1 M - - - 17.2 M - - - 16.5 M - - - 15.8 M - - - 16.5 M - - - 10.9 M - - - 9.7 M - - - 10.9 M - 40 M 31.9 M -

All numbers in USD currency

The income statement is one of the three key financial reports of a company Tower Semiconductor Ltd. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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