Technology · Semiconductors
Price
$249.91
Market Cap
$27.9B
Employees
5,613
Beta
0.87
Avg Volume
2,494,520
CEO
Russell C. Ellwanger
Business Description
Tower Semiconductor Ltd. operates as a prominent independent semiconductor foundry, engaged in the worldwide production and sale of analog-intensive, mixed-signal semiconductor components. The company provides a comprehensive suite of customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensors, integrated power management solutions, and MEMS. Furthermore, it offers wafer fabrication services, a design enablement platform to streamline the development process, and specialized services for process transfer optimization and new product development. Tower Semiconductor caters to both integrated device manufacturers and fabless companies, with its products serving a wide range of industries such as consumer electronics, computing, telecommunications, automotive, industrial, aerospace, defense, and medical devices. Established in 1993 and based in Migdal Haemek, Israel, its market reach extends across the United States, Japan, other Asian regions, and Europe.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
126.86
Stock Price: $249.91
EPS (Diluted): 1.97
EPS (Diluted): 1.97
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
4.59
Stock Price: $249.91
Total Equity: $2.90B
Shares: 113,597,000
Total Equity: $2.90B
Shares: 113,597,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
24.42
Market Cap: $27.93B
Total Debt: $161.52M
Cash: $235.37M
EBITDA: $543.50M
Total Debt: $161.52M
Cash: $235.37M
EBITDA: $543.50M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$13.3B
Market Cap: $27.93B
Total Debt: $161.52M
Cash: $235.37M
Total Debt: $161.52M
Cash: $235.37M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
23.2%
Gross Profit: $363.85M
Revenue: $1.57B
Revenue: $1.57B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
12.4%
Operating Income: $194.17M
Revenue: $1.57B
Revenue: $1.57B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
14.1%
Net Income: $220.47M
Revenue: $1.57B
Revenue: $1.57B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
7.6%
Net Income: $220.47M
Total Equity: $2.90B
Total Equity: $2.90B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
6.2%
Operating Income: $194.17M
Tax Rate: 9.0%
Equity: $2.90B
Total Debt: $161.52M
Cash: $235.37M
Tax Rate: 9.0%
Equity: $2.90B
Total Debt: $161.52M
Cash: $235.37M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
6.48
Current Assets: $1.71B
Current Liabilities: $263.75M
Current Liabilities: $263.75M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.06
Short-Term Debt: $28.11M
Long-Term Debt: $133.41M
Total Debt: $161.52M
Total Equity: $2.90B
Long-Term Debt: $133.41M
Total Debt: $161.52M
Total Equity: $2.90B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$13.79
Revenue: $1.57B
Shares: 113,597,000
Shares: 113,597,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$25.57
Total Equity: $2.90B
Shares: 113,597,000
Shares: 113,597,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.36
Operating CF: $395.48M
CapEx: -$436.56M
Shares: 113,597,000
CapEx: -$436.56M
Shares: 113,597,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $249.91
Stock Price: $249.91
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $220.47M
Net Income: $220.47M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares TSEM against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 1:07pm (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.7B | $1.4B | $1.4B | $1.6B |
| Cost of Revenue | $1.2B | $1.2B | $1.1B | $1.1B | $1.2B |
| Gross Profit | $329.1M | $466.3M | $353.5M | $339.4M | $363.9M |
| Operating Expenses | $162.6M | $154.6M | -$193.7M | $148.1M | $169.7M |
| Operating Income | $166.5M | $311.7M | $547.3M | $191.3M | $194.2M |
| Net Income | $150.0M | $264.6M | $518.5M | $207.9M | $220.5M |
| EBITDA | $433.1M | $590.3M | $847.3M | $451.3M | $543.5M |
| EPS | $1.39 | $2.42 | $4.70 | $1.87 | $1.97 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 24, 2026 1:07pm (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $210.9M | $340.8M | $260.7M | $271.9M | $235.4M |
| Total Current Assets | $1.2B | $1.5B | $1.7B | $1.8B | $1.7B |
| Total Assets | $2.2B | $2.5B | $2.9B | $3.1B | $3.3B |
| Current Liabilities | $276.3M | $387.4M | $276.8M | $285.1M | $263.7M |
| Long-Term Debt | $118.6M | $210.1M | $88.4M | $132.4M | $133.4M |
| Total Liabilities | $615.9M | $659.1M | $491.5M | $440.3M | $417.7M |
| Total Equity | $1.6B | $1.9B | $2.4B | $2.7B | $2.9B |
| Retained Earnings | -$315.4M | -$50.9M | $467.6M | $675.5M | $0 |
Cash Flow (Annual)
Last updated: Jun 24, 2026 1:07pm (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $421.3M | $529.8M | $676.6M | $448.7M | $395.5M |
| Capital Expenditure | -$313.8M | -$366.4M | -$444.5M | -$436.2M | -$436.6M |
| Free Cash Flow | $107.5M | $163.4M | $232.1M | $12.5M | -$41.1M |
| Acquisitions (net) | $34.5M | $152.9M | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $-753,000 | $129.8M | -$80.1M | $11.2M | -$36.5M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 12:43am (8h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$1.6B $1.5B – $1.6B
|
$1.9B $1.8B – $1.9B
|
$2.5B $2.4B – $2.7B
|
$3.2B $3.1B – $3.3B
|
| EBITDA |
$602.9M $584.4M – $628.2M
|
$726.9M $704.5M – $730.7M
|
$979.9M $933.2M – $1.1B
|
$1.2B $1.2B – $1.3B
|
| Net Income |
$254.3M $246.9M – $261.6M
|
$380.8M $346.1M – $415.6M
|
$613.4M $552.8M – $841.3M
|
$895.5M $831.2M – $1.2B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 24, 2026 1:07pm (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +11.2% | -15.2% | +0.9% | +9.1% |
| Gross Profit Growth | +41.7% | -24.2% | -4.0% | +7.2% |
| Operating Income Growth | +87.2% | +75.6% | -65.0% | +1.5% |
| Net Income Growth | +76.4% | +96.0% | -59.9% | +6.1% |
| EBITDA Growth | +36.3% | +43.5% | -46.7% | +20.4% |
Dividend History (Last 20)
Last updated: Jun 24, 2026 1:07pm (2d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 1997-09-24 | $1.00 | 1997-09-08 | 1997-09-26 | 1997-10-20 |
| 1996-10-30 | $1.49 | 1996-11-01 | 1996-11-22 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for TSEM — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30