Tower Semiconductor Ltd. (TSEM) income statement
NASDAQ · Technology · Semiconductors · 5,613 employees · CEO Russell C. Ellwanger
- Price
- $166.48 -11.41%
- Market cap
- $18.9B
- Enterprise value
- $19.2B
- Last report
- Q2 '26 filed 2026-08-04
- Next report
- 2026-11-02 EPS est. $1.07
Tower Semiconductor Ltd. (TSEM) reported revenue of $460M for Q2 '26 (+23.7% year on year), operating income of $90.3M (19.6% of revenue) and net income of $90.8M. Over the last four quarters revenue was $1.71B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $358M | $352M | $327M | $351M | $371M | $387M | $358M | $372M | $396M | $440M | $414M | $460M | |
| Cost of revenue | $271M | $267M | $255M | $264M | $277M | $300M | $285M | $292M | $303M | $323M | $303M | $322M | |
| Gross profit | $86.9M | $84.4M | $72.6M | $86.9M | $93.1M | $86.9M | $73.2M | $80M | $93M | $118M | $111M | $138M | |
| Research & development | $20.2M | $20.8M | $20M | $19M | $19.9M | $20.6M | $20.2M | $19.4M | $22.1M | $24.9M | $23.5M | $23.6M | |
| Other operating expenses | -$314M | $0 | $0 | -$6.27M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Operating expenses | -$275M | $39.3M | $38.6M | $31.8M | $37.3M | $40.4M | $40.3M | $40.2M | $42.5M | $46.8M | $46.4M | $47.5M | |
| Operating income | $362M | $45.2M | $34M | $55.1M | $55.8M | $46.4M | $32.9M | $39.9M | $50.6M | $70.8M | $64.6M | $90.3M | |
| Interest income | $9.98M | $16.7M | $3.98M | $7.71M | $6.1M | $8.32M | $10.6M | $14.4M | $10.5M | $10.7M | $9.52M | $15.9M | |
| Interest expense | $0 | $5.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other non-operating income (gains on investments, FX ...) | $314M | -$388M | -$3.98M | $6.27M | -$6.1M | -$8.32M | -$10.6M | -$14.4M | -$10.5M | -$10.7M | -$9.52M | $0 | |
| Total non-operating income | $9.98M | $16.7M | $3.98M | $7.71M | $6.1M | $8.32M | $10.6M | $14.4M | $10.5M | $10.7M | $9.52M | $15.9M | |
| Income before tax | $372M | $61.8M | $38M | $62.9M | $61.9M | $54.7M | $43.5M | $54.3M | $61.1M | $81.6M | $74.1M | $106M | |
| Income tax | $34.4M | $10.1M | -$5.08M | $6.11M | $7.03M | $2.15M | $3.78M | $8.66M | $7.63M | $1.51M | $6.52M | $15.6M | |
| Net income | $342M | $53.8M | $44.6M | $53.4M | $54.6M | $55.1M | $40.1M | $46.6M | $53.6M | $80.1M | $65M | $90.8M | |
| EPS (basic) | $3.10 | $0.49 | $0.40 | $0.48 | $0.49 | $0.49 | $0.36 | $0.42 | $0.48 | $0.70 | $0.57 | $0.80 | |
| EPS (diluted) | $3.07 | $0.48 | $0.40 | $0.48 | $0.49 | $0.49 | $0.35 | $0.41 | $0.47 | $0.70 | $0.57 | $0.79 | |
| Shares (basic, weighted) | 110M | 111M | 111M | 111M | 112M | 111M | 112M | 112M | 112M | 114M | 114M | 113M | |
| Shares (diluted, weighted) | 111M | 111M | 112M | 112M | 112M | 113M | 113M | 113M | 114M | 114M | 114M | 114M | |
| Depreciation & amortization | $66.9M | $65.2M | $59.5M | $65.6M | $65.3M | $84.4M | $74.2M | $74.6M | $76.5M | $77.8M | $82.9M | $83.6M | |
| EBITDA | $116M | $498M | $97.5M | $114M | $127M | $139M | $118M | $129M | $138M | $159M | $157M | $174M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.25B | $1.39B | $1.3B | $1.23B | $1.27B | $1.51B | $1.68B | $1.42B | $1.44B | $1.57B | |
| Cost of revenue | $947M | $1.03B | $1.01B | $1B | $1.03B | $1.18B | $1.21B | $1.07B | $1.1B | $1.2B | |
| Gross profit | $303M | $354M | $293M | $230M | $233M | $329M | $466M | $354M | $339M | $364M | |
| Research & development | $63.1M | $67.7M | $73.1M | $75.6M | $78.3M | $85.4M | $83.9M | $79.8M | $20.6M | $86.5M | |
| Other operating expenses | $0 | $0 | $0 | $0 | $0 | $0 | -$9.56M | -$346M | $52.5M | $0 | |
| Operating expenses | $129M | $134M | $138M | $143M | $142M | $163M | $155M | -$194M | $148M | $170M | |
| Operating income | $175M | $220M | $155M | $86.7M | $91M | $167M | $312M | $547M | $191M | $194M | |
| Interest income | $0 | $4.15M | $10.8M | $12.9M | $8.48M | $5.37M | $13.6M | $40M | $55.5M | $46.2M | |
| Interest expense | $17.3M | $12.6M | $22.9M | $12M | $16.1M | $11.7M | $5.69M | $4.44M | $5.86M | $0 | |
| Other non-operating income (gains on investments, FX ...) | -$48.6M | $5.45M | $6K | -$11.1M | -$4.41M | $4.1M | $14M | -$42M | $6.27M | -$46.2M | |
| Total non-operating income | $35.4M | -$18.1M | -$15.6M | $4.31M | -$2.35M | -$11.4M | -$19.7M | $37.6M | $26.1M | $46.2M | |
| Income before tax | $211M | $202M | $139M | $91M | $88.7M | $155M | $292M | $585M | $217M | $240M | |
| Income tax | $1.43M | -$99.9M | $5.94M | $2.95M | $5.4M | $1.02M | $25.5M | $65.3M | $10.2M | $21.6M | |
| Net income | $204M | $298M | $136M | $90M | $82.3M | $150M | $265M | $518M | $208M | $220M | |
| EPS (basic) | $2.33 | $3.08 | $1.35 | $0.85 | $0.77 | $1.39 | $2.42 | $4.70 | $1.87 | $1.94 | |
| EPS (diluted) | $2.09 | $2.90 | $1.32 | $0.84 | $0.76 | $1.37 | $2.39 | $4.66 | $1.85 | $1.94 | |
| Shares (basic, weighted) | 87.5M | 96.6M | 100M | 106M | 107M | 108M | 109M | 110M | 111M | 114M | |
| Shares (diluted, weighted) | 101M | 106M | 103M | 107M | 108M | 110M | 111M | 111M | 112M | 114M | |
| Depreciation & amortization | $198M | $208M | $214M | $214M | $241M | $271M | $293M | $258M | $266M | $303M | |
| EBITDA | $372M | $428M | $369M | $312M | $336M | $433M | $590M | $847M | $451M | $543M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings.
Data as of 2026-11-02