Tower Semiconductor Ltd
TSEM- Exchange
- Nasdaq
- Industry
- Semiconductors & Related Devices
- SEC CIK
- 0000928876
In the last 90 days, Tower Semiconductor Ltd insiders filed 0 open-market purchases and 1 sale; 458 institutions reported holding it in 13F filings for Q2 2026, worth $16.4B in total; superinvestors ARK Invest and Maverick Capital hold it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 12:00 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Revenue | $1.57B | $1.44B | $1.42B | $1.68B | $1.51B |
| Cost of revenue | $1.20B | $1.10B | $1.07B | $1.21B | $1.18B |
| Gross profit | $363.9M | $339.4M | $353.5M | $466.3M | $329.1M |
| Operating expenses | $169.7M | $148.1M | -$193.7M | $154.6M | $162.6M |
| Research and development | $86.5M | $79.4M | $79.8M | $83.9M | $85.4M |
| Selling, general and administrative | $83.2M | $75.0M | $72.5M | $80.3M | $77.2M |
| Operating income | $194.2M | $191.3M | $547.3M | $311.7M | $166.5M |
| Interest expense | $3.66M | $4.03M | $4.44M | $5.69M | $7.31M |
| Income tax | $21.6M | $10.2M | $65.3M | $25.5M | $1.02M |
| Net income | $220.5M | $207.9M | $518.5M | $264.6M | $150.0M |
| EPS, basic | $1.97 | $1.87 | $4.70 | $2.42 | $1.39 |
| EPS, diluted | $1.94 | $1.85 | $4.66 | $2.39 | $1.37 |
| Weighted shares, basic | 112.0M | 111.2M | 110.3M | 109.3M | 108.3M |
| Weighted shares, diluted | 113.6M | 112.3M | 111.2M | 110.8M | 109.8M |
| Margins and growth | |||||
| Gross margin | 23.2% | 23.6% | 24.8% | 27.8% | 21.8% |
| Operating margin | 12.4% | 13.3% | 38.5% | 18.6% | 11.0% |
| Net margin | 14.1% | 14.5% | 36.4% | 15.8% | 9.9% |
| Revenue growth, year over year | +9.1% | +0.9% | −15.2% | +11.2% | +19.2% |
| Net income growth, year over year | +6.1% | −59.9% | +96.0% | +76.4% | +82.3% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Cash and equivalents | $235.4M | $271.9M | $260.7M | $340.8M | $210.9M |
| Short-term investments | $916.5M | $946.4M | $790.8M | $495.4M | $363.6M |
| Accounts receivable | $222.8M | $211.9M | $154.1M | $152.9M | $142.2M |
| Inventory | $256.9M | $268.3M | $282.7M | $302.1M | $234.5M |
| Total current assets | $1.71B | $1.76B | $1.71B | $1.50B | $1.20B |
| Property, plant and equipment | $1.46B | $1.29B | $1.16B | $962.3M | $876.7M |
| Goodwill | $7.00M | $7.00M | $7.00M | $7.00M | $7.00M |
| Intangible assets | $1.53M | $3.20M | $5.12M | $7.03M | $11.8M |
| Total assets | $3.32B | $3.08B | $2.92B | $2.55B | $2.23B |
| Accounts payable | $123.9M | $130.6M | $139.1M | $150.9M | $78.7M |
| Short-term debt | $28.1M | $48.4M | $59.0M | $62.3M | $83.9M |
| Total current liabilities | $263.7M | $285.1M | $276.8M | $387.4M | $276.3M |
| Long-term debt | $133.4M | $132.4M | $172.6M | $210.1M | $231.0M |
| Total liabilities | $417.7M | $440.3M | $491.5M | $659.1M | $615.9M |
| Shareholders' equity | $2.90B | $2.64B | $2.43B | $1.89B | $1.62B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Operating cash flow | $395.5M | $448.7M | $676.6M | $529.8M | $421.3M |
| Capital expenditures | $444.4M | $436.2M | $444.5M | $366.4M | $313.8M |
| Free cash flow | -$48.9M | $12.5M | $232.1M | $163.4M | $107.5M |
| Depreciation and amortization | $303.1M | $266.3M | $258.0M | $292.6M | $270.7M |
| Stock-based compensation | $37.8M | $33.8M | $27.9M | $24.2M | $25.1M |
| Investing cash flow | -$398.1M | -$400.2M | -$720.8M | -$329.4M | -$338.9M |
| Financing cash flow | -$33.4M | -$32.5M | -$30.4M | -$66.7M | -$76.9M |
| Net change in cash | -$36.5M | $11.2M | -$80.1M | $129.8M | -$753.0K |
| Ratio | |||||
| Stock-based compensation, % of revenue | 2.4% | 2.4% | 2.0% | 1.4% | 1.7% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Dec 31, 2025 | 112.5M | +0.9% | SEC |
| Dec 31, 2024 | 111.6M | +0.7% | SEC |
| Dec 31, 2023 | 110.8M | +0.8% | SEC |
| Dec 31, 2022 | 110.0M | +1.9% | SEC |
| Dec 31, 2021 | 107.9M | 0.0% | SEC |
| Dec 31, 2020 | 107.9M | +1.0% | SEC |
| Dec 31, 2019 | 106.8M | +1.7% | SEC |
| Dec 31, 2018 | 105.0M | +6.6% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.