Tower Semiconductor Ltd. (TSEM) — Financial statements
Income statement, balance sheet, and cash flow for Tower Semiconductor Ltd. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,566↑9.1% | 1,436↑0.9% | 1,423↓15.2% | 1,678↑11.2% | 1,508 | |
| Cost of Revenue | 1,202↑9.6% | 1,097↑2.6% | 1,069↓11.7% | 1,211↑2.7% | 1,179 | |
| Gross Profit | 364↑7.2% | 339↓4.0% | 354↓24.2% | 466↑41.7% | 329 | |
| Operating Expenses | ||||||
| R&D Expenses | 86↑319.4% | 21↓74.2% | 80↓4.9% | 84↓1.7% | 85 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 83↑11.0% | 75↑3.5% | 72↓9.8% | 80↑4.0% | 77 | |
| Other Expenses | 0.00↓100.0% | 53↑115.2% | -346↓3519.7% | -10 | 0.00 | |
| Operating Expenses | 170↑14.6% | 148↑176.5% | -194↓225.3% | 155↓4.9% | 163 | |
| Total Costs & Expenses | 1,372↑10.2% | 1,245↑42.2% | 875↓35.9% | 1,366↑1.8% | 1,342 | |
| Operating Results | ||||||
| Operating Income | 194↑1.5% | 191↓65.0% | 547↑75.6% | 312↑87.2% | 167 | |
| Depreciation & Amortization | 303↑13.8% | 266↑3.2% | 258↓11.8% | 293↑8.1% | 271 | |
| EBITDA | 497↑10.2% | 451↓46.7% | 847↑43.5% | 590↑36.3% | 433 | |
| EBIT | 194↑4.9% | 185↓68.6% | 589↑98.0% | 298↑83.3% | 162 | |
| Interest & Other Income | ||||||
| Net Interest Income | 46↓6.9% | 50↑39.6% | 36↑349.4% | 8↑225.1% | -6 | |
| Interest Income | 46↓16.7% | 55↑38.8% | 40↑194.1% | 14↑153.3% | 5 | |
| Interest Expense | 0.00↓100.0% | 6↑31.9% | 4↓21.9% | 6↓51.4% | 12 | |
| Non-Operating Income | 0.00↓100.0% | 6↑114.9% | -42↓399.9% | 14↑241.8% | 4 | |
| Other Income / Expenses | 46↑77.0% | 26↓30.5% | 38↑290.7% | -20↓72.6% | -11 | |
| Income Before Tax | 240↑10.6% | 217↓62.8% | 585↑100.3% | 292↑88.2% | 155 | |
| Income Tax Expense | 22↑111.4% | 10↓84.4% | 65↑156.1% | 26↑2390.4% | 1 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 219↑5.6% | 207↓60.1% | 520↑95.0% | 266↑72.9% | 154 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 220↑6.1% | 208↓59.9% | 518↑96.0% | 265↑76.4% | 150 | |
| Bottom-Line Net Income | 220↑6.1% | 208↓59.9% | 518↑96.0% | 265↑76.4% | 150 | |
| EPS (Basic) | 1.97↑5.3% | 1.87↓60.2% | 4.70↑94.2% | 2.42↑74.1% | 1.39 | |
| EPS (Diluted) | 1.94↑4.9% | 1.85↓60.3% | 4.66↑95.0% | 2.39↑74.5% | 1.37 | |
| Weighted Average Shares | 114↑2.2% | 111↑0.8% | 110↑0.9% | 109↑1.0% | 108 | |
| Weighted Average Diluted Shares | 114↑1.1% | 112↑1.0% | 111↑0.4% | 111↑0.9% | 110 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.