Company Analysis

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
1 est.

The grade of Tower Semiconductor Ltd.

Nine metrics read from its own filings, by tense
Headline grade
5.0/10
◀ Past4.930% of the headline
● Present5.940% of the headline
▶ Future4.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.9/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
4.6/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2023-05-01.

weight 33% of this tense · 46th percentile among 99 sector filers · read for itself

From the record

Tower Semiconductor Ltd.'s filings since 2017 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2023-05-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.8/10

What has it actually done, year after year?

+2.5% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 59th percentile among 93 sector filers · read for its customers

From the record

Tower Semiconductor Ltd.'s 10 filed years say what it did: revenue went from $1.2 billion in fiscal 2016 to $1.6 billion in fiscal 2025, up 2.5% a year; it rose in 6 of 9 years; the deepest fall was 15% from fiscal 2022 to fiscal 2023; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span2.5%bottom 24% of its family
  • the share of years revenue rosetop 47% of its family
  • the share of filed years with a profittop 13% of its family
  • the deepest fall from a revenue peak15.2%top 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
3.3/10

How has it treated the people who own it?

Share count grew 0.8% a year. 0% of cash flow returned. Insiders: 38 sales, 0 purchases.

weight 22% of this tense · 33rd percentile among 67 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Tower Semiconductor Ltd.'s diluted share count grew about 0.8% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 38 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 48% of its family
  • cash returned against operating cash flowbottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.9/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
5.7/10

Is it financially healthy right now?

ROE 8%: 8¢ of profit per shareholder dollar. Leverage 12%: owes 12¢ per asset dollar.

weight 33% of this tense · 57th percentile among 95 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Tower Semiconductor Ltd. earned about 8 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 11 cents per dollar of everything the company owns. Leverage: it owed about 12 cents per dollar of assets, and net share issuance: its share count grew 0.7% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 13% of its family
  • return on equitytop 38% of its family
  • gross profit against assetsbottom 24% of its family
  • the share count against the year beforetop 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.4/10

How strong is its position in its industry?

top 36% of 97 in its family; net margin 14.1%.

weight 45% of this tense · 64th percentile among 97 sector filers · read for its customers

From the record

Tower Semiconductor Ltd.'s standing among 97 graded names in its industry family: revenue of $1.6 billion in fiscal 2025 ranks in the top 29% by size; a net margin of 14.1% ranks in the top 26%; revenue growth of -2.3% a year over the last 3 filed years ranks in the bottom 47% (its annual reports).

What it rests on

  • revenue against the family$1.57Btop 29% of its family
  • net margin14.1%top 26% of its family
  • three-year revenue growth-2.3%bottom 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.4/10

What are the people in charge doing?

SI estimate 5.4/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 78 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-05-28 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 6 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 78 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-05-28 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 6 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 78 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Tower Semiconductor Ltd.'s leadership is put at 5.4 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-05-28 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 6 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 78 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.0/10

How much room does it have to grow?

bottom 30% of 94 in its family for room to expand.

weight 22% of this tense · 30th percentile among 94 sector filers · read for itself

From the record

Tower Semiconductor Ltd.'s room to grow, from the newest filed statements (fiscal 2025): cash of $235 million against debt of $133 million leaves 3.1% of its assets as net cash, bottom 38% of its family; cash from operations less capital spending is -3.1% of revenue (bottom 37%); a gross margin of 23.2% (bottom 25%); research spending of 5.5% of revenue (bottom 20%) (its annual report).

What it rests on

  • cash less debt against assets3.1%bottom 38% of its family
  • cash from operations less capital spending against revenue-3.1%bottom 37% of its family
  • gross margin23.2%bottom 25% of its family
  • research spending against revenue5.5%bottom 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.5/10

What could actually drive growth from here?

bottom 45% of 93 in its family for growth drivers.

weight 45% of this tense · 45th percentile among 93 sector filers · read for its customers

From the record

Tower Semiconductor Ltd.'s growth drivers, from the filed years to fiscal 2025: revenue grew -2.3% a year over the last three filed years against 2.5% over all 10, slowing (top 42% of its family); the newest year grew 9.1% (bottom 46%); research spending grew 1% a year (bottom 28%); capital spending grew 6.6% a year (bottom 47%) (its annual reports). Tower Semiconductor Ltd. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-4.8 points a yeartop 42% of its family
  • the newest year's revenue growth9.1%bottom 46% of its family
  • three-year growth of research spending1.0%bottom 28% of its family
  • three-year growth of capital spending6.6%bottom 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.9/10

Did its newest year beat what its own record pointed to?

bottom 39% of 88 in its family for expectations against reality.

weight 33% of this tense · 39th percentile among 88 sector filers · read for its shareholders

From the record

Tower Semiconductor Ltd.'s newest year against its own record: revenue of $1.6 billion in fiscal 2025 came in 17.9% above the $1.3 billion its prior three years' pace pointed to (top 48% of its family); net income of $220 million against a prior three-year average of $330 million (bottom 37%); a net margin of 14.1% against 22.2% before (bottom 28%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace17.9%top 48% of its family
  • net income against the prior three years' average-33%bottom 37% of its family
  • net margin against its prior average-8.2 pointsbottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton TSEM · research, not advice