Pricing Log in Create free account
Friday 6 November 2026 Export TSEM’s income statement to Excel — free account

Tower Semiconductor Ltd.

TSEM Technology Semiconductors

Tower Semiconductor Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 9.05% from fiscal 2024.

Revenue
+33.0%
EPS
+120.4%
Free cash flow
−180.7%
Total debt
−6.31%

Quarter to September 2026, against a year earlier

137.18 6.19 +4.73%
Market cap
$14.9B
P/E
42.5×
Fwd P/E
47.8×
Dividend yield
—
F-score
6/9
Altman Z
20.45
Beneish M
−1.37
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 60.01
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — 1 1 1 — —
Insider Ownership 6.76%

Capital & Financial Ratios $m

Size
Market Cap 14,870.00
Revenue ttm 1,840.08
Net income ttm 291.69
Free cash flow ttm 308.47
Net debt Q (1,319.14)
Valuation
P/E 42.53 (above 35: high)
Forward P/E 47.80 (above 35: high)
Price / sales 8.25
Forward P/S Powerpack
Price / FCF 47.75
Price / book 4.94
Financial health
Current ratio Q 3.72 (at or above 1.5: strong)
Debt / equity Q 0.05 (at or below 0.5: strong)
Interest coverage Q (10.65)
Growth
Revenue growth Q +32.98% (above 0%: growing)
Operating income growth Q +151.35% (above 0%: growing)
EPS, this year +77.61% (at or above 15%: strong)
EPS, next year A +75.69% (at or above 15%: strong)
Revenue, next year A +26.11% (at or above 10%: strong)
EPS, past 5 yrs +20.61% (at or above 15%: strong)
EPS, next 5 yrs A +68.01% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 7.5×, against a ten-year median of 2.0×; over the ten years it ranged from 0.9× in 2018 to 16.9× in 2026.
P/E against its own 10 years 90.03%
10-year low 10-year high
P/S against its own 10 years 91.46%
10-year low 10-year high
P/B against its own 10 years 77.92%
10-year low 10-year high
EV/Sales against its own 10 years 91.46%
10-year low 10-year high
EV/FCF against its own 10 years 79.09%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,236 1,218 1,152 1,473
Receivables 154 212 223 227
Inventory 283 268 257 263
Other 36 62 78 48
1,709 1,760 1,710 2,011
2023 2024 2025 Q'26
Payables 139 131 124 194
ST’ Debt 59 48 28 13
Other 9 19 16 85
277 285 264 541

Compound Annual Growth %

10y 5y 3y
Sales 5.01% 4.35% (2.27%)
Cash Flow 8.79% 7.42% (9.29%)
Earnings 0.00% 21.78% (5.90%)
Book Value 22.38% 14.83% 15.43%

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate 1.06 Actual 1.15

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Dec 2025 0.67 0.78 Beat by 0.11
Mar 2026 0.56 0.65 Beat by 0.09
Jun 2026 0.77 0.88 Beat by 0.11
Sep 2026 1.06 1.15 Beat by 0.09
Dec 2026 1.26 — Reports 10 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.57 0.79 1.05 — —
’25 0.35 0.41 0.47 0.70 1.94
’24 0.40 0.48 0.49 0.49 1.85
’23 0.64 0.46 3.07 0.48 4.66
’22 0.49 0.53 0.62 0.75 2.39
’21 0.26 0.28 0.36 0.47 1.37
’20 0.16 0.18 0.14 0.28 0.76
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 414 460 526 — —
’25 358 372 396 440 1,566
’24 327 351 371 387 1,436
’23 356 357 358 352 1,423
’22 421 426 427 403 1,678
’21 347 362 387 412 1,508
’20 300 310 310 345 1,266
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 510 177 — — —
’25 94 123 139 40 395
’24 110 113 125 101 449
’23 73 75 101 677 677
’22 137 138 33 530 530
’21 87 93 107 134 421
’20 68 67 69 73 277
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 354 (10) — — —
’25 (17) 12 32 (68) (41)
’24 12 0 33 (28) 17
’23 (33) (14) 101 244 257
’22 56 89 33 316 316
’21 38 37 19 48 140
’20 5 4 2 9 19
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,250 1,387 1,304 1,234 1,266 1,508 1,678 1,423 1,436 1,566 1,840 +2.5% 1,975 2,725 3,577 +31.7%
Gross margin, % 24.26 25.54 22.46 18.61 18.43 21.82 27.80 24.85 23.64 23.23 29.62 (1.0) pt
EBT 211 202 139 91 89 155 292 585 217 240 401 +1.5%
EBT margin, % 16.85 14.54 10.68 7.38 7.01 10.28 17.40 41.11 15.14 15.35 21.79 (1.5) pt
Net income 209 302 133 88 83 154 266 520 207 219 292 +0.5%
Per share, $
Per share, $ Revenue 14.28 14.35 12.72 11.61 11.80 13.93 15.34 12.90 12.92 13.99 16.24 (0.2%)
Earnings 2.33 3.08 1.35 0.85 0.77 1.39 2.42 4.70 1.87 1.97 3.15 (1.8%)
Cash flow 3.74 3.68 3.05 2.74 2.58 3.89 4.85 6.13 4.04 3.53 0.00 (0.6%)
Capex (2.40) (1.73) (1.80) (1.62) (2.41) (2.60) (1.95) (3.81) (3.88) (3.90) 0.00 +5.6%
Free cash flow 1.35 1.95 1.25 1.12 0.17 1.30 2.89 2.33 0.15 (0.37) 0.00 n/m
Book value 7.80 10.65 12.06 12.67 13.57 14.92 17.27 22.01 23.75 25.94 28.31 +14.3%
Shares, m 87 97 103 106 107 108 109 110 111 112 113 +2.8%
Valuation, ×
Valuation, × P/E 8.19 11.27 10.84 28.31 33.53 28.55 17.87 6.44 27.69 59.60 42.53 23.2
P/S 1.34 2.40 1.16 2.07 2.19 2.85 2.81 2.35 3.99 8.40 8.25 3.0
P/B 2.46 3.24 1.22 1.90 1.90 2.66 2.49 1.38 2.17 4.53 4.94 2.4
EV/Sales 1.31 2.24 0.87 1.72 1.93 2.55 2.37 1.64 3.26 7.76 7.53 2.6
EV/FCF 13.84 16.54 7.95 17.80 761.88 31.06 10.21 24.70 178.21 (382.33) 43.60 68.0
Cash, $m
Cash, $m Operating cash flow 327 356 313 291 277 421 530 677 449 395 866 +2.1%
Capex (210) (168) (184) (173) (258) (281) (214) (420) (432) (437) (557) +8.5%
Free cash flow 118 188 129 119 19 140 316 257 17 (41) 308 n/m
Balance, $m
Balance, $m Working capital 451 572 784 835 830 920 1,108 1,432 1,475 1,446 1,470 +13.8%
Net debt (45) (225) (374) (435) (321) (450) (733) (1,005) (1,037) (990) (1,319) +40.9%
Shareholders’ equity 683 1,030 1,236 1,347 1,455 1,615 1,889 2,427 2,640 2,905 3,208 +17.5%
Returns, %
Returns, % ROA 17.39 19.52 7.83 4.84 4.09 6.94 11.07 18.97 6.93 6.89 9.80 (10.5) pt
ROIC 17.17 17.08 11.23 5.95 5.02 8.93 16.86 24.05 7.46 6.34 11.67 (10.8) pt
ROE 38.18 34.81 11.97 6.97 5.88 9.77 15.10 24.03 8.20 7.95 0.00 (30.2) pt
People
People Employees 5,552 5,641 5,586 5,279 5,511 5,887 5,613 5,215 5,359 5,316 — (0.5%)
Revenue/emp, $m 0.23 0.25 0.23 0.23 0.23 0.26 0.30 0.27 0.27 0.29 — +3.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Tower Semiconductor Ltd. vs peers in Semiconductors (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CRDO Credo Technology Group Holding Ltd. $21.1B 38.8× 34.2× +114.73% (above 0%: growing) +89.19% (above 0%: growing) +61.55% (above 0%: growing) 64.53% 25.20% Compare
GFS GlobalFoundries Inc. $20.0B 28.2× 32.3× +5.81% (above 0%: growing) −26.83% (below 0%: shrinking) −97.40% (below 0%: shrinking) 28.28% 9.74% Compare
SWKS Skyworks Solutions, Inc. $19.1B 70.2× 57.9× −4.95% (below 0%: shrinking) −83.55% (below 0%: shrinking) −151.81% (below 0%: shrinking) 40.87% 2.13% Compare
CBRS Cerebras Systems Inc. $18.3B — (loss-making) — — n/m — 14.19% (264.97%) Compare
TSEM Tower Semiconductor Ltd. $14.9B 42.5× 47.8× +32.98% (above 0%: growing) +120.40% (above 0%: growing) −180.73% (below 0%: shrinking) 33.97% 24.16%
MTSI MACOM Technology Solutions Holdings, Inc. $14.5B 60.5× 57.0× +35.77% (above 0%: growing) +169.39% (above 0%: growing) +165.46% (above 0%: growing) 58.31% 22.53% Compare
LSCC Lattice Semiconductor Corporation $13.9B 310× 118× +118.25% (above 0%: growing) +298.00% (above 0%: growing) +124.58% (above 0%: growing) 67.39% 8.24% Compare
SITM SiTime Corporation $10.7B 366× 108× +257.40% (above 0%: growing) n/m −167.40% (below 0%: shrinking) 51.60% 2.79% Compare
SMTC Semtech Corporation $8.5B 55.9× 33.0× +32.72% (above 0%: growing) n/m +54.57% (above 0%: growing) 53.75% 16.31% Compare
Median of peers $16.4B 60.5× 57.0× +35.77% +89.19% +54.57% 52.68% 8.99%

All 68 Semiconductors stocks →

Tower Semiconductor Ltd. (TSEM) Latest News

5 Nov

Impact 4 · · GuruFocus.com

3 Nov

Impact 3 · · TIKR
Impact 3 · · GlobeNewswire

2 Nov

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 4 · · MarketBeat transcript
Impact 4 · · Proactive Investors
Impact 4 · · Investing.com
Impact 4 · · Zacks Small Cap Research
Impact 4 · · GlobeNewswire
Impact 3 · · Simply Wall St.
Impact 3 · · InvestorsHub

30 Oct

Impact 3 · · Barchart

27 Oct

Impact 4 · · 24/7 Wall St.

23 Oct

Impact 4 · · Simply Wall St.

16 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

14 Oct

Impact 4 · · Barchart

13 Oct

Impact 4 · · Stocktwits
Impact 4 · · InvestorsHub
Impact 4 · · Business Wire

9 Oct

Impact 4 · · Insider Monkey
Impact 3 · · Insider Monkey

27 Sep

Impact 4 · · Simply Wall St.

25 Sep

Impact 4 ·
Impact 4 · · investmentmonitor.ai
Impact 4 · · Stocktwits
Impact 3 ·

23 Sep

Impact 3 · · GlobeNewswire

22 Sep

Impact 4 · · Insider Monkey

TSEM metrics, ten years each

stockrow.com/TSEM · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com