Tower Semiconductor Ltd. (TSEM) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 413.63M | 440.21M | 395.67M | 372.06M | 358.17M | 387.19M | 370.51M | 351.18M | 327.24M | 351.71M | 358.17M | 357.19M | 355.61M | 403.23M | 427.09M | 426.17M | 421.13M | 412.11M | 386.71M | 362.14M |
| Revenue Growth % | 15.48% | 13.69% | 6.79% | 5.95% | 9.45% | 10.09% | 3.45% | -1.68% | -7.98% | -12.78% | -16.14% | -16.19% | -15.56% | -2.15% | 10.44% | 17.68% | 21.29% | 19.38% | 24.66% | 16.78% |
| Cost of Goods Sold | 302.68M | 322.59M | 302.62M | 292.04M | 285M | 300.34M | 277.45M | 264.26M | 254.63M | 267.29M | 271.3M | 270.67M | 259.89M | 278.5M | 302.58M | 313.73M | 316.5M | 311.94M | 301.33M | 288.38M |
| COGS % of Revenue | 73.18% | 73.28% | 76.48% | 78.49% | 79.57% | 77.57% | 74.88% | 75.25% | 77.81% | 76% | 75.75% | 75.78% | 73.08% | 69.07% | 70.85% | 73.62% | 75.15% | 75.69% | 77.92% | 79.63% |
| Gross Profit | 110.95M | 117.61M | 93.05M | 80.03M | 73.17M | 86.85M | 93.06M | 86.92M | 72.61M | 84.42M | 86.87M | 86.52M | 95.72M | 124.73M | 124.51M | 112.44M | 104.63M | 100.17M | 85.38M | 73.75M |
| Gross Margin % | 26.82% | 26.72% | 23.52% | 21.51% | 20.43% | 22.43% | 25.12% | 24.75% | 22.19% | 24% | 24.25% | 24.22% | 26.92% | 30.93% | 29.15% | 26.38% | 24.85% | 24.31% | 22.08% | 20.37% |
| Gross Profit Growth % | 51.63% | 35.41% | -0.02% | -7.93% | 0.78% | 2.89% | 7.13% | 0.47% | -24.15% | -32.32% | -30.23% | -23.05% | -8.52% | 24.51% | 45.84% | 52.45% | 49.87% | 43.91% | 59.7% | 27.81% |
| Operating Expenses | 46.39M | 46.78M | 42.47M | 40.16M | 40.27M | 40.43M | 37.3M | 31.77M | 38.62M | 39.25M | -275.29M | 35.99M | 6.3M | 39.59M | 45.3M | 41.77M | 41.57M | 44.31M | 41.21M | 39.75M |
| OpEx % of Revenue | 11.21% | 10.63% | 10.73% | 10.79% | 11.24% | 10.44% | 10.07% | 9.05% | 11.8% | 11.16% | -76.86% | 10.08% | 1.77% | 9.82% | 10.61% | 9.8% | 9.87% | 10.75% | 10.66% | 10.98% |
| Selling, General & Admin | 22.86M | 21.93M | 20.41M | 20.74M | 20.1M | 19.81M | 17.43M | 19.05M | 18.67M | 18.4M | 18.04M | 17.39M | 18.63M | 18.88M | 18.86M | 21.29M | 21.25M | 21.94M | 19.62M | 18.67M |
| SG&A % of Revenue | 5.53% | 4.98% | 5.16% | 5.58% | 5.61% | 5.12% | 4.7% | 5.42% | 5.71% | 5.23% | 5.04% | 4.87% | 5.24% | 4.68% | 4.42% | 4.99% | 5.05% | 5.32% | 5.07% | 5.16% |
| Research & Development | 23.53M | 24.85M | 22.06M | 19.42M | 20.17M | 20.62M | 19.87M | 18.99M | 19.95M | 20.85M | 20.18M | 19.45M | 19.33M | 20.71M | 22.41M | 20.48M | 20.32M | 22.37M | 21.59M | 21.08M |
| R&D % of Revenue | 5.69% | 5.65% | 5.57% | 5.22% | 5.63% | 5.33% | 5.36% | 5.41% | 6.1% | 5.93% | 5.63% | 5.45% | 5.44% | 5.14% | 5.25% | 4.81% | 4.82% | 5.43% | 5.58% | 5.82% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 0 | 0 | -1000K | -851K | -1000K | 0 | 1000K | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 64.56M | 70.83M | 50.58M | 39.87M | 32.9M | 46.42M | 55.76M | 55.15M | 33.98M | 45.17M | 362.16M | 50.53M | 89.41M | 85.14M | 79.21M | 70.67M | 63.06M | 55.86M | 44.16M | 34M |
| Operating Margin % | 15.61% | 16.09% | 12.78% | 10.71% | 9.19% | 11.99% | 15.05% | 15.7% | 10.39% | 12.84% | 101.11% | 14.15% | 25.14% | 21.11% | 18.55% | 16.58% | 14.97% | 13.56% | 11.42% | 9.39% |
| Operating Income Growth % | 96.26% | 52.59% | -9.29% | -27.71% | -3.2% | 2.77% | -84.6% | 9.14% | -61.99% | -46.95% | 357.22% | -28.5% | 41.79% | 52.41% | 79.35% | 107.85% | 94.15% | 67.36% | 131.36% | 53.67% |
| EBITDA | 147.49M | 147.28M | 127.04M | 114.5M | 107.13M | 130.85M | 121.11M | 120.72M | 93.53M | 110.34M | 429.03M | 114.11M | 151.8M | 155.11M | 154.17M | 137.68M | 133.84M | 121.06M | 113.65M | 99.48M |
| EBITDA Margin % | 35.66% | 33.46% | 32.11% | 30.77% | 29.91% | 33.79% | 32.69% | 34.37% | 28.58% | 31.37% | 119.79% | 31.95% | 42.69% | 38.47% | 36.1% | 32.31% | 31.78% | 29.38% | 29.39% | 27.47% |
| EBITDA Growth % | 37.68% | 12.56% | 4.89% | -5.15% | 14.54% | 18.58% | -71.77% | 5.79% | -38.39% | -28.86% | 178.29% | -17.12% | 13.42% | 28.12% | 35.65% | 38.39% | 41.58% | 25.67% | 43.19% | 20.74% |
| D&A (Non-Cash Add-back) | 82.92M | 76.46M | 76.46M | 74.64M | 74.23M | 84.43M | 65.35M | 65.57M | 59.54M | 65.18M | 66.88M | 63.58M | 62.39M | 69.97M | 74.96M | 67.01M | 70.78M | 65.2M | 69.48M | 65.48M |
| EBIT | 64.56M | 81.56M | 61.07M | 54.25M | 32.9M | 46.42M | 55.76M | 48.88M | 37.97M | 433.2M | 48.66M | 49.68M | 57.76M | 98.73M | 83.24M | 70.67M | 63.06M | 55.86M | 44.16M | 34M |
| Net Interest Income | 9.52M | 10.73M | 10.49M | 14.39M | 10.6M | 8.31M | 6.1M | 7.71M | 3.98M | 11.47M | 9.97M | 3.92M | 7M | -55K | -9.35M | -8.16M | -2.13M | -372K | -2.71M | -484K |
| Interest Income | 9.52M | 10.73M | 10.49M | 14.39M | 10.6M | 8.31M | 6.1M | 7.71M | 3.98M | 16.68M | 9.97M | 3.92M | 7M | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.21M | 0 | 0 | 0 | 55K | 9.35M | 8.16M | 2.13M | 372K | 2.71M | 484K |
| Other Income/Expense | 9.52M | 10.73M | 10.49M | 14.39M | 10.6M | 8.31M | 6.1M | 7.71M | 3.98M | 16.68M | 9.97M | 3.92M | 7M | 13.54M | -9.35M | -8.16M | -2.13M | -372K | -2.71M | -484K |
| Pretax Income | 74.08M | 81.56M | 61.07M | 54.25M | 43.5M | 54.73M | 61.87M | 62.86M | 37.97M | 61.85M | 372.13M | 54.45M | 96.41M | 98.68M | 69.86M | 62.51M | 60.93M | 55.49M | 41.45M | 33.52M |
| Pretax Margin % | 17.91% | 18.53% | 15.43% | 14.58% | 12.14% | 14.14% | 16.7% | 17.9% | 11.6% | 17.59% | 103.9% | 15.24% | 27.11% | 24.47% | 16.36% | 14.67% | 14.47% | 13.47% | 10.72% | 9.26% |
| Income Tax | 6.52M | 1.5M | 7.63M | 8.66M | 3.78M | 2.15M | 7.03M | 6.11M | -5.08M | 10.13M | 34.39M | 5.75M | 15.04M | 12.84M | 3.17M | 4.34M | 5.15M | 3.61M | 1.08M | 2.2M |
| Effective Tax Rate % | 8.8% | 1.85% | 12.49% | 15.96% | 8.69% | 3.93% | 11.36% | 9.72% | -13.37% | 16.38% | 9.24% | 10.55% | 15.6% | 13.01% | 4.54% | 6.94% | 8.46% | 6.51% | 2.62% | 6.57% |
| Net Income | 65.03M | 80.13M | 53.65M | 46.55M | 40.14M | 55.14M | 54.65M | 53.45M | 44.63M | 53.85M | 342.06M | 51.19M | 71.4M | 83.32M | 69.14M | 58.08M | 54.03M | 51.74M | 39.09M | 30.87M |
| Net Margin % | 15.72% | 18.2% | 13.56% | 12.51% | 11.21% | 14.24% | 14.75% | 15.22% | 13.64% | 15.31% | 95.5% | 14.33% | 20.08% | 20.66% | 16.19% | 13.63% | 12.83% | 12.55% | 10.11% | 8.52% |
| Net Income Growth % | 62% | 45.33% | -1.83% | -12.9% | -10.06% | 2.4% | -84.02% | 4.41% | -37.49% | -35.38% | 394.76% | -11.86% | 32.15% | 61.05% | 76.88% | 88.16% | 90.78% | 66.73% | 157.17% | 62.01% |
| Net Income (Continuing) | 67.56M | 80.06M | 53.45M | 45.59M | 39.72M | 52.59M | 54.84M | 56.75M | 43.05M | 51.72M | 337.74M | 48.71M | 81.37M | 85.84M | 66.68M | 58.17M | 55.77M | 51.88M | 40.37M | 31.32M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | -13.14M | 0 | -12.72M | 0 | -5.46M | 0 | -803K | 0 | -2.64M | 0 | -16.72M | 0 | -6.62M | 0 | -4.93M |
| EPS (Diluted) | 0.57 | 0.70 | 0.47 | 0.41 | 0.35 | 0.49 | 0.49 | 0.48 | 0.40 | 0.48 | 3.07 | 0.46 | 0.64 | 0.75 | 0.62 | 0.53 | 0.49 | 0.47 | 0.36 | 0.28 |
| EPS Growth % | 62.86% | 42.86% | -4.08% | -14.58% | -12.5% | 2.08% | -84.04% | 4.35% | -37.5% | -36% | 395.16% | -13.21% | 30.61% | 59.57% | 72.22% | 89.29% | 88.46% | 67.86% | 157.14% | 55.56% |
| EPS (Basic) | 0.57 | 0.71 | 0.48 | 0.42 | 0.36 | 0.49 | 0.49 | 0.48 | 0.40 | 0.49 | 3.10 | 0.46 | 0.65 | 0.76 | 0.63 | 0.53 | 0.50 | 0.48 | 0.36 | 0.29 |
| Diluted Shares Outstanding | 114.34M | 114.19M | 113.75M | 113.28M | 113.15M | 112.97M | 112.47M | 111.98M | 111.63M | 111.31M | 111.24M | 111.23M | 111.07M | 110.94M | 110.83M | 110.56M | 110.54M | 110.27M | 109.83M | 109.63M |
| Basic Shares Outstanding | 114.34M | 114.47M | 112.13M | 111.81M | 111.58M | 111.49M | 111.52M | 111.04M | 110.84M | 110.8M | 110.3M | 110.09M | 109.96M | 109.9M | 109.42M | 109.14M | 108.93M | 108.77M | 108.35M | 108.04M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |