Tower Semiconductor Ltd. (TSEM)

Nasdaq: TSEM · Semiconductors & Related Devices · filing with the SEC since 1996

Grade5.0

◀ Past 4.9● Present 5.9▶ Future 4.0

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Apr 30, 2026	Apr 30, 2025	Apr 22, 2024	May 16, 2023	Apr 29, 2022	Apr 30, 2021	Apr 30, 2020	Apr 25, 2019	Apr 30, 2018	Apr 10, 2017
Revenue	1,566,104	1,436,122	1,422,680	1,677,614	1,508,166	1,265,684	1,234,003	1,304,034	1,387,310	1,249,634
Cost of revenue	1,202,250	1,096,680	1,069,161	1,211,306	1,179,048	1,032,366	1,004,332	1,011,087	1,033,005	946,534
Gross profit	363,854	339,442	353,519	466,308	329,118	233,318	229,671	292,947	354,305	303,100
Research and development	86,496	79,434	79,808	83,911	85,386	78,320	75,579	73,053	67,664	63,134
Selling, general and administrative	83,186	74,964	72,454	80,282	77,221	63,965	67,376	64,951	66,799	65,439
Total operating expenses	169,682	148,128	-193,745	154,634	162,607	142,285	142,955	138,004	134,463	127,946
Operating income	194,172	191,314	547,264	311,674	166,511	91,033	86,716	154,943	219,842	175,154
Interest expense	3,658	4,029	4,444	5,687	7,312	6,755	6,823	10,610	12,623^r	13,146^r
Interest and investment income	2,354	·	·	6,978	2,963	358	5,270	5,000	·	·
Other income (expense), net	-10,527	-24,721	7,047	-6,934	1,461	-5,215	4,293	-2,442	-2,627	9,322
Total non-operating income (expense)	·	·	·	·	·	·	·	-13,184	-15,447^r	-24,349^r
Income before income taxes	240,383	217,427	584,842	291,973	155,099	88,688	91,021	139,317	201,768	210,598
Income tax expense	21,569	10,205	65,312	25,502	1,024	5,399	2,948	5,938	-99,888	1,432
Net income including non-controlling interests	218,814	207,222	519,530	266,471	154,075	83,289	88,073	133,379	301,656	209,166
Net income to non-controlling interests	-1,656	-642	1,036	1,902	4,063	987	-1,975	-2,200	3,645	5,242
Net income	220,470	207,864	518,494	264,569	150,012	82,302	90,048	135,579	298,011	203,924
Earnings per share, basic	1.97	1.87	4.70	2.42	1.39	0.77	0.85	1.35	3.08	2.33
Earnings per share, diluted	1.94	1.85	4.66	2.39	1.37	0.76	0.84	1.32	2.90	2.09
Weighted average shares, basic	111,981	111,153	110,289	109,349	108,279	107,254	106,256	100,399	96,647	87,480
Weighted average shares, diluted	113,597	112,343	111,216	110,754	109,798	108,480	107,438	102,517	105,947	101,303

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 1-for-15 reverse split.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:Revenues
us-gaap:SalesRevenueNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeNet

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton TSEM · research, not advice