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NASDAQ · SEMICONDUCTORS & RELATED DEVICES · LARGE CAP

Tower Semiconductor Ltd. TSEM

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.6B
▲ 9.1% YoY
$220.5M
▲ 6.1% YoY
$-48.9M
▼ 490.6% YoY
In brief

What this company does

Tower Semiconductor uses silicon wafers based on customers' proprietary designs to perform an intricate process that constructs layers of conducting and insulating materials on raw wafers, requiring hundreds of interrelated steps performed on different types of equipment. The primary customers of its foundry and design services are fabless semiconductor companies and IDMs, including module integrators. For the year ended December 31, 2025, 11% of its revenues were generated from NTCJ, 39% were derived from an additional seven customers each generating between 4% and 7% of revenues, and the remaining 50% were derived from many other smaller customers. As of December 31, 2025, it employed 430 professionals in its research and development departments, 59 of whom hold PhDs. In addition to research and development departments located at its facilities in Migdal Haemek, Israel, Newport Beach, California, San Antonio, Texas and Hokuriku, Japan, it also maintains a design center in Netanya, Israel. As of December 31, 2025, it held 281 patents in force.

Written from the business description in TOWER SEMICONDUCTOR LTD.'s annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth
USD 1.6B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.6 · Net income 0.2
0.8B1.6B200920112013201520172019202120232025
Compound annual growth
−2.3%
+4.4%
+5.0%
+7.8%
−5.9%
+21.8%
−6.7%
+20.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +4.4% a year over five years — but profit grew faster: net income at +21.8%, earnings per share at +20.6%.

The share count rose from 0.11B to 0.11B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
14 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 12.4% · Net 14.0%
10%20%30%-20%-40%200920112013201520172019202120232025
ROE
FY2025 · ROE 7.9%
10%20%30%-100%-200%200920112013201520172019202120232025

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -48.9
80M160M-20M-40M200920112013201520172019202120232025

Total assetsUSD 3.3B
EquityUSD 2.9B
CashUSD 235.4M
Gross debtUSD 161.5M
Net debtUSD -73.9M
Current ratio6.48×

The company holds more cash than debt.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B1.61.41.41.71.51.31.21.31.41.21.00.80.50.60.60.50.3
Operating income $B0.20.20.50.30.20.10.10.20.20.20.1−0.1−0.1−0.00.00.0−0.1
EBITDA $B0.50.50.80.60.40.30.30.40.40.40.20.10.10.20.20.20.1
Income tax $B0.00.00.10.00.00.00.00.0−0.10.0−0.0−0.0−0.00.00.00.0−0.0
Net income $B0.20.20.50.30.20.10.10.10.30.2−0.00.0−0.1−0.1−0.0−0.0−0.1
Free cash flow $B−0.00.00.20.20.1−0.00.10.10.20.1−0.00.0−0.0−0.0−0.00.00.0
EPS, diluted $1.941.854.662.391.370.760.841.322.902.09·0.07·····
Dividend / sh $·················
Payout %·················
ROE %7.98.224.015.19.75.96.911.934.838.2−10.22.5−59.6−35.6−12.7−48.8−215.1
Shares out B0.110.110.110.110.110.110.110.100.100.090.080.060.050.020.32··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySemiconductors & Related Devices
Listed onNASDAQ
Incorporated inoutside the United States — SEC code L3
Fiscal year endsDecember 31
Data on record since2009

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