Loading charts and tools…

US equity markets/AI Value chain/TSEM

Tower Semiconductor Ltd.

TSEM·NASDAQ·USD

189.08+10.33 (+5.78%)

Regular-session close2026-10-27, 16:00 ET·Definitions

Price history1994-10-26 — 2026-10-23Valid trading days: 8,052 · Available range · History update delayed

Operating history2010-12-31 — 2025-12-3113 historical metrics · 13 workpaper periods

Coverage limitations

Daily history updates are delayed. Available history through 2026-10-23 remains visible; a current quote does not establish that daily history has been updated.

Requests to the historical-data source are rate limited, delaying daily-price updates. Existing verified periods are retained; trading days not yet retrieved are not fabricated.

The history starts with the provider’s first actual observation; this starting point is not a verified initial listing date.

The earliest available price is not proof of the listing date. Coverage since listing remains unverified.

Security basis: The current security identity has been checked. Continuity with earlier issuers has not been independently verified; listing-date coverage is shown separately. Historical closes use the provider's split adjustments and exclude dividend distributions. Full-history adjustment factors have not been independently recalculated. Price changes do not represent total returns including dividends.

Original verification records

first-provider-observation-listing-date-not-verified

History update reason: source-rate-limited-until 2026-10-28T04:39:08.620Z

Current ticker/issuer checked across available sources. Earlier issuer continuity and first listing date are not independently established; provider first observation is not an IPO claim.

View sources and versions ↗

Public financial analysis · Annual

Compare growth, earnings, cash flow and capital investment for aligned reporting periods to examine company-wide financial drivers. Calculation inputs and original filings remain available.

Coverage and applicability

2010-12-31 — 2025-12-31 · Valid observations: 160. These observations analyze public financial data; they are not a standalone sector research report, score or price target. Company-wide figures do not replace segment, product or contract disclosures.

Cash purchases of productive assets / revenue: The selected capital-expenditure measure does not represent the broader concept of productive-asset purchases.

Price and operations

Research history

Reproducible calculations from public filings, without inferring segment-level results.

Period end is the end of the operating period. Source-publication mode uses the publication date of the document selected, without asserting that it was the first disclosure. Expand the notes below the chart for definitions and sources.

2026-10-23Last value in range

Time rangeTSEM Share price

2021-10-23 — 2026-10-23

Methodology and controls

Each panel has its own value axis; dates and the cursor are synchronized. Dense daily plots retain the first, last, highest and lowest observations in each pixel interval. The cursor, data table, CSV and statistics still use all original values. Operating data appear only on their observed dates; other dates are left blank. US daily prices are checked against the verified 1997–2027 trading calendar. A missing expected trading day breaks the line; weekends and recorded exchange holidays do not. Some daily market or calendar coverage is unverified. Only consecutive calendar dates are connected; gaps between dates are not assumed to be complete. Annual observations retain annual frequency; guidance and scenarios are labeled separately. Operating data are positioned at the actual period end, which is not necessarily the date of public disclosure. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

Underlying data Operating metrics: 4

Observations in this chart, including unverified periods or dates · original values and source versions retained

Selected operating metrics; records with values and current chart gaps appear first. Unverified dates are excluded from charts.
Reporting period end	Gross margin% · Calculated from disclosures	Operating margin% · Calculated from disclosures	Net margin% · Calculated from disclosures	(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures
2025-12-312025-12-31	23.23% Basis · Calculated from disclosures Source version date: 2026-04-30 View calculation inputs · 4 items Currency USD grossProfit 363,854,000 Revenue 1,566,104,000 Input source document 0 role numerator Original XBRL field us-gaap:GrossProfit Original unit USD Period start 2025-01-01 Period end 2025-12-31 value 363,854,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2025-01-01 Period end 2025-12-31 value 1,566,104,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 TSEM · 20-F · Filing version 2026-04-30	12.40% Basis · Calculated from disclosures Source version date: 2026-04-30 View calculation inputs · 4 items Currency USD operatingIncome 194,172,000 Revenue 1,566,104,000 Input source document 0 role numerator Original XBRL field us-gaap:OperatingIncomeLoss Original unit USD Period start 2025-01-01 Period end 2025-12-31 value 194,172,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2025-01-01 Period end 2025-12-31 value 1,566,104,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 TSEM · 20-F · Filing version 2026-04-30	14.08% Basis · Calculated from disclosures Source version date: 2026-04-30 View calculation inputs · 4 items Currency USD Net income 220,470,000 Revenue 1,566,104,000 Input source document 0 role numerator Original XBRL field us-gaap:NetIncomeLoss Original unit USD Period start 2025-01-01 Period end 2025-12-31 value 220,470,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2025-01-01 Period end 2025-12-31 value 1,566,104,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 TSEM · 20-F · Filing version 2026-04-30	-3.13% Basis · Calculated from disclosures Source version date: 2026-04-30 View calculation inputs · 5 items Currency USD Operating cash flow 395,482,000 Cash capital expenditure 444,425,000 Revenue 1,566,104,000 Input source document 0 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2025-01-01 Period end 2025-12-31 value 395,482,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 1 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2025-01-01 Period end 2025-12-31 value 444,425,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign -1 sourceIds 0 tsem-sec-0001178913-26-002318 2 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2025-01-01 Period end 2025-12-31 value 1,566,104,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 TSEM · 20-F · Filing version 2026-04-30
2024-12-312024-12-31	23.64% Basis · Calculated from disclosures Source version date: 2026-04-30 View calculation inputs · 4 items Currency USD grossProfit 339,442,000 Revenue 1,436,122,000 Input source document 0 role numerator Original XBRL field us-gaap:GrossProfit Original unit USD Period start 2024-01-01 Period end 2024-12-31 value 339,442,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2024-01-01 Period end 2024-12-31 value 1,436,122,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 TSEM · 20-F · Filing version 2026-04-30	13.32% Basis · Calculated from disclosures Source version date: 2026-04-30 View calculation inputs · 4 items Currency USD operatingIncome 191,314,000 Revenue 1,436,122,000 Input source document 0 role numerator Original XBRL field us-gaap:OperatingIncomeLoss Original unit USD Period start 2024-01-01 Period end 2024-12-31 value 191,314,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2024-01-01 Period end 2024-12-31 value 1,436,122,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 TSEM · 20-F · Filing version 2026-04-30	14.47% Basis · Calculated from disclosures Source version date: 2026-04-30 View calculation inputs · 4 items Currency USD Net income 207,864,000 Revenue 1,436,122,000 Input source document 0 role numerator Original XBRL field us-gaap:NetIncomeLoss Original unit USD Period start 2024-01-01 Period end 2024-12-31 value 207,864,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2024-01-01 Period end 2024-12-31 value 1,436,122,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 TSEM · 20-F · Filing version 2026-04-30	0.87% Basis · Calculated from disclosures Source version date: 2026-04-30 View calculation inputs · 5 items Currency USD Operating cash flow 448,682,000 Cash capital expenditure 436,153,000 Revenue 1,436,122,000 Input source document 0 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2024-01-01 Period end 2024-12-31 value 448,682,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 1 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2024-01-01 Period end 2024-12-31 value 436,153,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign -1 sourceIds 0 tsem-sec-0001178913-26-002318 2 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2024-01-01 Period end 2024-12-31 value 1,436,122,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 TSEM · 20-F · Filing version 2026-04-30
2023-12-312023-12-31	24.85% Basis · Calculated from disclosures Source version date: 2026-04-30 View calculation inputs · 4 items Currency USD grossProfit 353,519,000 Revenue 1,422,680,000 Input source document 0 role numerator Original XBRL field us-gaap:GrossProfit Original unit USD Period start 2023-01-01 Period end 2023-12-31 value 353,519,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2023-01-01 Period end 2023-12-31 value 1,422,680,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 TSEM · 20-F · Filing version 2026-04-30	38.47% Basis · Calculated from disclosures Source version date: 2026-04-30 View calculation inputs · 4 items Currency USD operatingIncome 547,264,000 Revenue 1,422,680,000 Input source document 0 role numerator Original XBRL field us-gaap:OperatingIncomeLoss Original unit USD Period start 2023-01-01 Period end 2023-12-31 value 547,264,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2023-01-01 Period end 2023-12-31 value 1,422,680,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 TSEM · 20-F · Filing version 2026-04-30	36.44% Basis · Calculated from disclosures Source version date: 2026-04-30 View calculation inputs · 4 items Currency USD Net income 518,494,000 Revenue 1,422,680,000 Input source document 0 role numerator Original XBRL field us-gaap:NetIncomeLoss Original unit USD Period start 2023-01-01 Period end 2023-12-31 value 518,494,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2023-01-01 Period end 2023-12-31 value 1,422,680,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 TSEM · 20-F · Filing version 2026-04-30	16.31% Basis · Calculated from disclosures Source version date: 2026-04-30 View calculation inputs · 5 items Currency USD Operating cash flow 676,561,000 Cash capital expenditure 444,502,000 Revenue 1,422,680,000 Input source document 0 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2023-01-01 Period end 2023-12-31 value 676,561,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 1 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2023-01-01 Period end 2023-12-31 value 444,502,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign -1 sourceIds 0 tsem-sec-0001178913-26-002318 2 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2023-01-01 Period end 2023-12-31 value 1,422,680,000 Filing date 2026-04-30 form 20-F accn 0001178913-26-002318 Input sign 1 sourceIds 0 tsem-sec-0001178913-26-002318 TSEM · 20-F · Filing version 2026-04-30
2022-12-312022-12-31	27.80% Basis · Calculated from disclosures Source version date: 2025-04-30 View calculation inputs · 4 items Currency USD grossProfit 466,308,000 Revenue 1,677,614,000 Input source document 0 role numerator Original XBRL field us-gaap:GrossProfit Original unit USD Period start 2022-01-01 Period end 2022-12-31 value 466,308,000 Filing date 2025-04-30 form 20-F accn 0001178913-25-001537 Input sign 1 sourceIds 0 tsem-sec-0001178913-25-001537 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2022-01-01 Period end 2022-12-31 value 1,677,614,000 Filing date 2025-04-30 form 20-F accn 0001178913-25-001537 Input sign 1 sourceIds 0 tsem-sec-0001178913-25-001537 TSEM · 20-F · Filing version 2025-04-30	18.58% Basis · Calculated from disclosures Source version date: 2025-04-30 View calculation inputs · 4 items Currency USD operatingIncome 311,674,000 Revenue 1,677,614,000 Input source document 0 role numerator Original XBRL field us-gaap:OperatingIncomeLoss Original unit USD Period start 2022-01-01 Period end 2022-12-31 value 311,674,000 Filing date 2025-04-30 form 20-F accn 0001178913-25-001537 Input sign 1 sourceIds 0 tsem-sec-0001178913-25-001537 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2022-01-01 Period end 2022-12-31 value 1,677,614,000 Filing date 2025-04-30 form 20-F accn 0001178913-25-001537 Input sign 1 sourceIds 0 tsem-sec-0001178913-25-001537 TSEM · 20-F · Filing version 2025-04-30	15.77% Basis · Calculated from disclosures Source version date: 2025-04-30 View calculation inputs · 4 items Currency USD Net income 264,569,000 Revenue 1,677,614,000 Input source document 0 role numerator Original XBRL field us-gaap:NetIncomeLoss Original unit USD Period start 2022-01-01 Period end 2022-12-31 value 264,569,000 Filing date 2025-04-30 form 20-F accn 0001178913-25-001537 Input sign 1 sourceIds 0 tsem-sec-0001178913-25-001537 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2022-01-01 Period end 2022-12-31 value 1,677,614,000 Filing date 2025-04-30 form 20-F accn 0001178913-25-001537 Input sign 1 sourceIds 0 tsem-sec-0001178913-25-001537 TSEM · 20-F · Filing version 2025-04-30	9.74% Basis · Calculated from disclosures Source version date: 2025-04-30 View calculation inputs · 5 items Currency USD Operating cash flow 529,820,000 Cash capital expenditure 366,403,000 Revenue 1,677,614,000 Input source document 0 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2022-01-01 Period end 2022-12-31 value 529,820,000 Filing date 2025-04-30 form 20-F accn 0001178913-25-001537 Input sign 1 sourceIds 0 tsem-sec-0001178913-25-001537 1 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2022-01-01 Period end 2022-12-31 value 366,403,000 Filing date 2025-04-30 form 20-F accn 0001178913-25-001537 Input sign -1 sourceIds 0 tsem-sec-0001178913-25-001537 2 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2022-01-01 Period end 2022-12-31 value 1,677,614,000 Filing date 2025-04-30 form 20-F accn 0001178913-25-001537 Input sign 1 sourceIds 0 tsem-sec-0001178913-25-001537 TSEM · 20-F · Filing version 2025-04-30
2021-12-312021-12-31	21.82% Basis · Calculated from disclosures Source version date: 2024-04-22 View calculation inputs · 4 items Currency USD grossProfit 329,118,000 Revenue 1,508,166,000 Input source document 0 role numerator Original XBRL field us-gaap:GrossProfit Original unit USD Period start 2021-01-01 Period end 2021-12-31 value 329,118,000 Filing date 2024-04-22 form 20-F accn 0001178913-24-001397 Input sign 1 sourceIds 0 tsem-sec-0001178913-24-001397 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2021-01-01 Period end 2021-12-31 value 1,508,166,000 Filing date 2024-04-22 form 20-F accn 0001178913-24-001397 Input sign 1 sourceIds 0 tsem-sec-0001178913-24-001397 TSEM · 20-F · Filing version 2024-04-22	11.04% Basis · Calculated from disclosures Source version date: 2024-04-22 View calculation inputs · 4 items Currency USD operatingIncome 166,511,000 Revenue 1,508,166,000 Input source document 0 role numerator Original XBRL field us-gaap:OperatingIncomeLoss Original unit USD Period start 2021-01-01 Period end 2021-12-31 value 166,511,000 Filing date 2024-04-22 form 20-F accn 0001178913-24-001397 Input sign 1 sourceIds 0 tsem-sec-0001178913-24-001397 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2021-01-01 Period end 2021-12-31 value 1,508,166,000 Filing date 2024-04-22 form 20-F accn 0001178913-24-001397 Input sign 1 sourceIds 0 tsem-sec-0001178913-24-001397 TSEM · 20-F · Filing version 2024-04-22	9.95% Basis · Calculated from disclosures Source version date: 2024-04-22 View calculation inputs · 4 items Currency USD Net income 150,012,000 Revenue 1,508,166,000 Input source document 0 role numerator Original XBRL field us-gaap:NetIncomeLoss Original unit USD Period start 2021-01-01 Period end 2021-12-31 value 150,012,000 Filing date 2024-04-22 form 20-F accn 0001178913-24-001397 Input sign 1 sourceIds 0 tsem-sec-0001178913-24-001397 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2021-01-01 Period end 2021-12-31 value 1,508,166,000 Filing date 2024-04-22 form 20-F accn 0001178913-24-001397 Input sign 1 sourceIds 0 tsem-sec-0001178913-24-001397 TSEM · 20-F · Filing version 2024-04-22	7.13% Basis · Calculated from disclosures Source version date: 2024-04-22 View calculation inputs · 5 items Currency USD Operating cash flow 421,293,000 Cash capital expenditure 313,808,000 Revenue 1,508,166,000 Input source document 0 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2021-01-01 Period end 2021-12-31 value 421,293,000 Filing date 2024-04-22 form 20-F accn 0001178913-24-001397 Input sign 1 sourceIds 0 tsem-sec-0001178913-24-001397 1 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2021-01-01 Period end 2021-12-31 value 313,808,000 Filing date 2024-04-22 form 20-F accn 0001178913-24-001397 Input sign -1 sourceIds 0 tsem-sec-0001178913-24-001397 2 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2021-01-01 Period end 2021-12-31 value 1,508,166,000 Filing date 2024-04-22 form 20-F accn 0001178913-24-001397 Input sign 1 sourceIds 0 tsem-sec-0001178913-24-001397 TSEM · 20-F · Filing version 2024-04-22

Calculations and sources 4 items

Gross margin% · Calculated from disclosures

Calculation basis

Gross profit / revenue × 100

Reading guide

Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources

TSEM · 20-F · Filing version 2013-04-30 TSEM · 20-F · Filing version 2014-05-14 TSEM · 20-F · Filing version 2015-05-14 TSEM · 20-F · Filing version 2019-04-25 TSEM · 20-F · Filing version 2020-04-30 TSEM · 20-F · Filing version 2021-04-30 TSEM · 20-F · Filing version 2022-04-29 TSEM · 20-F · Filing version 2023-05-16 TSEM · 20-F · Filing version 2024-04-22 TSEM · 20-F · Filing version 2025-04-30 TSEM · 20-F · Filing version 2026-04-30

Operating margin% · Calculated from disclosures

Calculation basis

Operating income / revenue × 100

Reading guide

Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources

Net margin% · Calculated from disclosures

Calculation basis

Selected net-income concept / revenue × 100

Reading guide

May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources

(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures

Calculation basis

(Operating cash flow − cash purchases of PP&E) / revenue × 100

Reading guide

A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources

Business and research scope

How the business turns into revenue and cash, and what the available evidence can establish.

Company filings ↗

TOWER SEMICONDUCTOR LTD.. The quote provider classifies its industry as Semiconductors. Structured segment, customer-mix and contract information is not yet available. Company information and original financial documents are provided below; business revenue is not inferred from supply-chain classification.

Company profile and filings

Legal name: TOWER SEMICONDUCTOR LTD.
Exchange / quote currency: NASDAQ / USD
Reporting currency: USD
Source industry classification: Semiconductors
Financial period end / Source version used: 2025-12-31 / 2026-04-30
Value-chain roles (not revenue shares): Advanced-node manufacturing

Check SEC filings index ↗

Related companies in the value chain

Shared value-chain roles do not establish direct peer status or valuation comparability.

TSMTSMC436.87+2.95%10-27 Close

INTCIntel93.74+3.61%10-27 Close

UMCUMC19.45+1.41%10-27 Close

GFSGlobalFoundries46.70+3.78%10-27 Close

MARKET DATA

Quote details

Candlesticks, volume and cross-company prices

189.08 +5.78%

2026-07-23 — 2026-10-23Price change over the selected period -35.66%

Daily · Provider split-adjusted prices, excluding dividends · USD · Valid closes: 8052 / trading dates: 8052Market data source

Compare company

MARKET & FUNDAMENTALS

Quote and valuation methodology

Data timestamps

Trading overview

Previous close: 178.75
Session open: 180.38
Session range: 177.77 – 190.92
Session volume: 2.63 M
20 Average daily volume: 2.21 M
Historical range: 1.35 – 652.50

Valuation and cash

Market cap · USD: 21.10 B
Price / sales · Annual: 13.47
Free cash flow yield: -0.23%

Financial denominator

Revenue · Annual: 1.57 B USD
Period end: 2025-12-31
Source version: 2026-04-30

Quote 2026-10-27Market cap retrieved 2026-10-28Financial period end 2025-12-31

Research archiveNo standalone articles or full reports for this company have been included yet

Public financial and operating analysis is available. Standalone research has not yet been published; exploreOperating data、Financial comparison and SourceSource document。

Financial comparison

Select two specific periods to compare changes in scale, earnings and cash.

Annual · As of 2025-12-31Source version used 2026-04-30 · Original currency USD

Current periodCompareUSD · Annual

Current period 2025-01-01 — 2025-12-31Comparison period 2024-01-01 — 2024-12-31

Financial comparison of two defined periods; expand values for source records
Line item	Current period	Comparison period	Amount change	Growth
RevenueRecognized revenue; growth is calculated only when the comparison-period base is positive	1.57 B Raw value 1,566,104,000.00 USD 2025-01-01 — 2025-12-31 · USD · Reported data Original filing ↗	1.44 B Raw value 1,436,122,000.00 USD 2024-01-01 — 2024-12-31 · USD · Reported data Original filing ↗	+129.98 M	+9.05%
Gross profitGross margin 23.23% · Change -0.40 percentage points	363.85 M Raw value 363,854,000.00 USD 2025-01-01 — 2025-12-31 · USD · Reported data Original filing ↗	339.44 M Raw value 339,442,000.00 USD 2024-01-01 — 2024-12-31 · USD · Reported data Original filing ↗	+24.41 M	+7.19%
Operating incomeOperating margin 12.40% · Change -0.92 percentage points	194.17 M Raw value 194,172,000.00 USD 2025-01-01 — 2025-12-31 · USD · Reported data Original filing ↗	191.31 M Raw value 191,314,000.00 USD 2024-01-01 — 2024-12-31 · USD · Reported data Original filing ↗	+2.86 M	+1.49%
Net incomeNet margin 14.08% · Change -0.40 percentage points	220.47 M Raw value 220,470,000.00 USD 2025-01-01 — 2025-12-31 · USD · Reported data Original filing ↗	207.86 M Raw value 207,864,000.00 USD 2024-01-01 — 2024-12-31 · USD · Reported data Original filing ↗	+12.61 M	+6.06%
Operating cash flowOperating cash flow / revenue 25.25% · Change -5.99 percentage points	395.48 M Raw value 395,482,000.00 USD 2025-01-01 — 2025-12-31 · USD · Reported data Original filing ↗	448.68 M Raw value 448,682,000.00 USD 2024-01-01 — 2024-12-31 · USD · Reported data Original filing ↗	-53.20 M	-11.86%
Capital expenditureCapital expenditure / revenue 28.38% · Change -1.99 percentage points	444.43 M Raw value 444,425,000.00 USD 2025-01-01 — 2025-12-31 · USD · Reported data Original filing ↗	436.15 M Raw value 436,153,000.00 USD 2024-01-01 — 2024-12-31 · USD · Reported data Original filing ↗	+8.27 M	+1.90%

The change is the current value minus the comparison value; it is not automatically classified as year-over-year or quarter-over-quarter. Select a value to inspect reporting dates, filing versions and reconstruction inputs.

Historical trends and full financials

Comparable-period financial trends

2025-12-31Last value in range

Time rangeRevenue

2010-12-31 — 2025-12-31

Methodology and controls

Series with the same unit and frequency share a value axis. Annual observations retain annual frequency; guidance and scenarios are labeled separately. Each column compares observations with matching period boundaries and units. Records that fail those checks remain blank. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

Scroll to see all periods; select a value to open its source →

Annual financials, USD. Records without verified periods or units are excluded from comparison columns.
Reporting period end · USD	2010-12-31	2011-12-31	2012-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Revenue	509.26 M Raw value 509,262,000.00 USD 2010-01-01 — 2010-12-31 · USD · Reported data Original filing ↗	611.02 M Raw value 611,023,000.00 USD 2011-01-01 — 2011-12-31 · USD · Reported data Original filing ↗	638.83 M Raw value 638,831,000.00 USD 2012-01-01 — 2012-12-31 · USD · Reported data Original filing ↗	1.25 B Raw value 1,249,634,000.00 USD 2016-01-01 — 2016-12-31 · USD · Reported data Original filing ↗	1.39 B Raw value 1,387,310,000.00 USD 2017-01-01 — 2017-12-31 · USD · Reported data Original filing ↗	1.30 B Raw value 1,304,034,000.00 USD 2018-01-01 — 2018-12-31 · USD · Reported data Original filing ↗	1.23 B Raw value 1,234,003,000.00 USD 2019-01-01 — 2019-12-31 · USD · Reported data Original filing ↗	1.27 B Raw value 1,265,684,000.00 USD 2020-01-01 — 2020-12-31 · USD · Reported data Original filing ↗	1.51 B Raw value 1,508,166,000.00 USD 2021-01-01 — 2021-12-31 · USD · Reported data Original filing ↗	1.68 B Raw value 1,677,614,000.00 USD 2022-01-01 — 2022-12-31 · USD · Reported data Original filing ↗	1.42 B Raw value 1,422,680,000.00 USD 2023-01-01 — 2023-12-31 · USD · Reported data Original filing ↗	1.44 B Raw value 1,436,122,000.00 USD 2024-01-01 — 2024-12-31 · USD · Reported data Original filing ↗	1.57 B Raw value 1,566,104,000.00 USD 2025-01-01 — 2025-12-31 · USD · Reported data Original filing ↗
Gross profit	107.19 M Raw value 107,185,000.00 USD 2010-01-01 — 2010-12-31 · USD · Reported data Original filing ↗	84.83 M Raw value 84,825,000.00 USD 2011-01-01 — 2011-12-31 · USD · Reported data Original filing ↗	78.79 M Raw value 78,785,000.00 USD 2012-01-01 — 2012-12-31 · USD · Reported data Original filing ↗	303.10 M Raw value 303,100,000.00 USD 2016-01-01 — 2016-12-31 · USD · Reported data Original filing ↗	354.31 M Raw value 354,305,000.00 USD 2017-01-01 — 2017-12-31 · USD · Reported data Original filing ↗	292.95 M Raw value 292,947,000.00 USD 2018-01-01 — 2018-12-31 · USD · Reported data Original filing ↗	229.67 M Raw value 229,671,000.00 USD 2019-01-01 — 2019-12-31 · USD · Reported data Original filing ↗	233.32 M Raw value 233,318,000.00 USD 2020-01-01 — 2020-12-31 · USD · Reported data Original filing ↗	329.12 M Raw value 329,118,000.00 USD 2021-01-01 — 2021-12-31 · USD · Reported data Original filing ↗	466.31 M Raw value 466,308,000.00 USD 2022-01-01 — 2022-12-31 · USD · Reported data Original filing ↗	353.52 M Raw value 353,519,000.00 USD 2023-01-01 — 2023-12-31 · USD · Reported data Original filing ↗	339.44 M Raw value 339,442,000.00 USD 2024-01-01 — 2024-12-31 · USD · Reported data Original filing ↗	363.85 M Raw value 363,854,000.00 USD 2025-01-01 — 2025-12-31 · USD · Reported data Original filing ↗
Operating income	43.32 M Raw value 43,323,000.00 USD 2010-01-01 — 2010-12-31 · USD · Reported data Original filing ↗	10.21 M Raw value 10,207,000.00 USD 2011-01-01 — 2011-12-31 · USD · Reported data Original filing ↗	-2.51 M Raw value -2,510,000.00 USD 2012-01-01 — 2012-12-31 · USD · Reported data Original filing ↗	175.15 M Raw value 175,154,000.00 USD 2016-01-01 — 2016-12-31 · USD · Reported data Original filing ↗	219.84 M Raw value 219,842,000.00 USD 2017-01-01 — 2017-12-31 · USD · Reported data Original filing ↗	154.94 M Raw value 154,943,000.00 USD 2018-01-01 — 2018-12-31 · USD · Reported data Original filing ↗	86.72 M Raw value 86,716,000.00 USD 2019-01-01 — 2019-12-31 · USD · Reported data Original filing ↗	91.03 M Raw value 91,033,000.00 USD 2020-01-01 — 2020-12-31 · USD · Reported data Original filing ↗	166.51 M Raw value 166,511,000.00 USD 2021-01-01 — 2021-12-31 · USD · Reported data Original filing ↗	311.67 M Raw value 311,674,000.00 USD 2022-01-01 — 2022-12-31 · USD · Reported data Original filing ↗	547.26 M Raw value 547,264,000.00 USD 2023-01-01 — 2023-12-31 · USD · Reported data Original filing ↗	191.31 M Raw value 191,314,000.00 USD 2024-01-01 — 2024-12-31 · USD · Reported data Original filing ↗	194.17 M Raw value 194,172,000.00 USD 2025-01-01 — 2025-12-31 · USD · Reported data Original filing ↗
Net income	-42.37 M Raw value -42,367,000.00 USD 2010-01-01 — 2010-12-31 · USD · Reported data Original filing ↗	-18.53 M Raw value -18,530,000.00 USD 2011-01-01 — 2011-12-31 · USD · Reported data Original filing ↗	-70.27 M Raw value -70,269,000.00 USD 2012-01-01 — 2012-12-31 · USD · Reported data Original filing ↗	203.92 M Raw value 203,924,000.00 USD 2016-01-01 — 2016-12-31 · USD · Reported data Original filing ↗	298.01 M Raw value 298,011,000.00 USD 2017-01-01 — 2017-12-31 · USD · Reported data Original filing ↗	135.58 M Raw value 135,579,000.00 USD 2018-01-01 — 2018-12-31 · USD · Reported data Original filing ↗	90.05 M Raw value 90,048,000.00 USD 2019-01-01 — 2019-12-31 · USD · Reported data Original filing ↗	82.30 M Raw value 82,302,000.00 USD 2020-01-01 — 2020-12-31 · USD · Reported data Original filing ↗	150.01 M Raw value 150,012,000.00 USD 2021-01-01 — 2021-12-31 · USD · Reported data Original filing ↗	264.57 M Raw value 264,569,000.00 USD 2022-01-01 — 2022-12-31 · USD · Reported data Original filing ↗	518.49 M Raw value 518,494,000.00 USD 2023-01-01 — 2023-12-31 · USD · Reported data Original filing ↗	207.86 M Raw value 207,864,000.00 USD 2024-01-01 — 2024-12-31 · USD · Reported data Original filing ↗	220.47 M Raw value 220,470,000.00 USD 2025-01-01 — 2025-12-31 · USD · Reported data Original filing ↗
Operating cash flow	121.45 M Raw value 121,445,000.00 USD 2010-01-01 — 2010-12-31 · USD · Reported data Original filing ↗	107.99 M Raw value 107,993,000.00 USD 2011-01-01 — 2011-12-31 · USD · Reported data Original filing ↗	95.25 M Raw value 95,253,000.00 USD 2012-01-01 — 2012-12-31 · USD · Reported data Original filing ↗	327.47 M Raw value 327,468,000.00 USD 2016-01-01 — 2016-12-31 · USD · Reported data Original filing ↗	355.64 M Raw value 355,635,000.00 USD 2017-01-01 — 2017-12-31 · USD · Reported data Original filing ↗	312.90 M Raw value 312,897,000.00 USD 2018-01-01 — 2018-12-31 · USD · Reported data Original filing ↗	291.32 M Raw value 291,320,000.00 USD 2019-01-01 — 2019-12-31 · USD · Reported data Original filing ↗	276.56 M Raw value 276,561,000.00 USD 2020-01-01 — 2020-12-31 · USD · Reported data Original filing ↗	421.29 M Raw value 421,293,000.00 USD 2021-01-01 — 2021-12-31 · USD · Reported data Original filing ↗	529.82 M Raw value 529,820,000.00 USD 2022-01-01 — 2022-12-31 · USD · Reported data Original filing ↗	676.56 M Raw value 676,561,000.00 USD 2023-01-01 — 2023-12-31 · USD · Reported data Original filing ↗	448.68 M Raw value 448,682,000.00 USD 2024-01-01 — 2024-12-31 · USD · Reported data Original filing ↗	395.48 M Raw value 395,482,000.00 USD 2025-01-01 — 2025-12-31 · USD · Reported data Original filing ↗
Capital expenditure	105.19 M Raw value 105,189,000.00 USD 2010-01-01 — 2010-12-31 · USD · Reported data Original filing ↗	117.17 M Raw value 117,166,000.00 USD 2011-01-01 — 2011-12-31 · USD · Reported data Original filing ↗	103.83 M Raw value 103,830,000.00 USD 2012-01-01 — 2012-12-31 · USD · Reported data Original filing ↗	217.50 M Raw value 217,496,000.00 USD 2016-01-01 — 2016-12-31 · USD · Reported data Original filing ↗	187.68 M Raw value 187,676,000.00 USD 2017-01-01 — 2017-12-31 · USD · Reported data Original filing ↗	210.19 M Raw value 210,192,000.00 USD 2018-01-01 — 2018-12-31 · USD · Reported data Original filing ↗	191.40 M Raw value 191,396,000.00 USD 2019-01-01 — 2019-12-31 · USD · Reported data Original filing ↗	313.66 M Raw value 313,656,000.00 USD 2020-01-01 — 2020-12-31 · USD · Reported data Original filing ↗	313.81 M Raw value 313,808,000.00 USD 2021-01-01 — 2021-12-31 · USD · Reported data Original filing ↗	366.40 M Raw value 366,403,000.00 USD 2022-01-01 — 2022-12-31 · USD · Reported data Original filing ↗	444.50 M Raw value 444,502,000.00 USD 2023-01-01 — 2023-12-31 · USD · Reported data Original filing ↗	436.15 M Raw value 436,153,000.00 USD 2024-01-01 — 2024-12-31 · USD · Reported data Original filing ↗	444.43 M Raw value 444,425,000.00 USD 2025-01-01 — 2025-12-31 · USD · Reported data Original filing ↗

Comparison rules and gaps

Comparison columns require aligned period boundaries, currency and duration. Blank values are not zero; directly reported quarters and cumulative reconstructions are distinguished. A non-positive comparison base is shown as an amount change without a percentage growth rate.

View filing source

Events and disclosure records

Completed events, conditional arrangements and the document versions used are listed separately.

Check original source ↗

2026-09-17Disclosed events

NewPhotonics Ltd. (Israel, fabless photonic IC company) · Supply

Foundry on Tower's PH18DA silicon photonics platform · companies announce start of high-volume shipments of laser-integrated, serviceable optical-engine PICs · NPG102 products support 800G–1.6T (200G per lane) · 6.4T NPC505 chipsets to begin volume shipment in 1H27 · NewPhotonics is the first to bring heterogeneous laser-integrated optical engines on PH18DA into high-volume production · no dollar value or volume disclosed [4]

2025-12-31Disclosed events

Nuvoton Technology Corporation Japan (NTCJ) · Customer

FY2025 Form 20-F customer concentration · NTCJ generated 11% of Tower's 2025 revenues (13% in 2024) · the only >=10% customer identified by name in the filing · a further seven customers each generated 4% to 7% [1]

Included financial source versions

2026-04-30
20-F Original financial filings ↗
This page cites periods ending through 2025-12-31. The same document includes multiple comparison periods.
2025-04-30
20-F Original financial filings ↗
This page cites periods ending through 2022-12-31.
2024-04-22
20-F Original financial filings ↗
This page cites periods ending through 2021-12-31.
2023-05-16
20-F Original financial filings ↗
This page cites periods ending through 2020-12-31.
2022-04-29
20-F Original financial filings ↗
This page cites periods ending through 2019-12-31.
2021-04-30
20-F Original financial filings ↗
This page cites periods ending through 2018-12-31.

Showing the latest 6 recorded source versions. Find the remaining 9 in Source values in the full financial table.

Industry relationships and operating mechanisms

Trace supply and demand through contract performance, operating metrics and cash attribution.

Company in focus

Direct relationships: 4 · Excluded by current filters: 0

Goods and services are arranged from supplier to customer; capital is shown separately. Select a relationship to inspect its evidence and operating mechanism. Second-degree paths do not establish guarantees or certain revenue.

Relationship records

4 records

Status / record date	Recorded amount	Capacity basis	Evidence source
Signed / existing2026-09-17	No attributable amount providedAmount classification not yet structured	Not structured	A · Original filingCheck public source ↗
Signed / existing2026-03	No attributable amount providedAmount classification not yet structured	Not structured	A · Original filingCheck public source ↗
Signed / existing2025-12-31	No attributable amount providedAmount classification not yet structured	Not structured	A · Original filingCheck public source ↗
Signed / existing2023-09	USD 0.3 billionAmount associated with the contract relationship	Not structured	A · Original filingCheck public source ↗

1–4 / 4 records

Downstream demand · Supply

TSEM NewPhotonics

Signed / existing2026-09-17A · Original filing

Check public source ↗

What this relationship establishes

Foundry services on the PH18DA silicon photonics platform

Relationship type

Supply

Recorded as signed or existing; performance progress requires separate verification

Amount basis

Amount classification not yet structured

No attributable amount is available for this record. This does not mean the amount is zero.

A period-by-period schedule of payments and revenue recognition has not been established. The recorded amount is not converted into current-period revenue, cash paid or stock-price impact.

Attribution

Applies to this relationship; the original document determines the specific legal entities and attribution.

Concentration

A relationship amount and company denominator with matching periods and definitions are not provided

Relationship counts, capacity and total contract value are not measures of revenue or procurement concentration.

Complete record and source location

A · Original filing

Tower Semiconductor Form 6-K furnished 2026-09-17 (accession 0001178913-26-004535), press release 'NewPhotonics and Tower Semiconductor Begin High-Volume Shipments of Laser-Integrated, Serviceable Optical Engine PICs' [A, press release furnished on 6-K]

Customer demand and execution

The excerpts below come from this record. Verify signed status separately from actual completion.

6.4T NPC505 chipsets are scheduled to begin volume shipments in H1 2027

Limitations in the original record

no $ or volume disclosed

Inputs still needed to quantify the impact

The relevant business's revenue or purchase amount and the denominator used
Order obligations, pricing and cost pass-through provisions
Execution progress, collection schedule and substitutability

The amount associated with a relationship cannot substitute for the company's revenue, earnings or stock-price impact. Applies to this relationship; the original document determines the specific legal entities and attribution.

How to test the operating mechanism

Analytical framework, not a realized impact

Supply and demand terms
TSEM supplies products or services to NewPhotonics; a customer list is not an irrevocable order.
Operating process
Verify orders, performance, invoicing and collections; monitor changes in customer demand, product mix and selling prices.
Financial outcomes
Assess whether incremental revenue, costs and gross profit, accounts receivable and operating cash flows are consistent.
Testing price implications
First verify the sustainability of earnings and cash flows, then compare valuations; do not infer share-price upside directly from a partnership announcement.

Cross-check relationship events against subsequent disclosures of company revenue, costs, working capital and cash flows; movements in the same direction alone do not establish causation.

Operating data to test the relationship

TSEM · Company-specific metric definitions and classifications

Metrics test operating processes; an overall change cannot be attributed to a single relationship. Expand the definitions to check calculation methods and their applicable boundaries.

Profit and costs

Can revenue growth translate into earnings attributable to shareholders?

Preserve the distinctions relating to depreciation, stock-based compensation, adjustments and segments. The company's margin cannot be applied as this contract's margin.

Operating metric	Latest value	Definition and boundaries
Gross margin ↗2025-12-31 · Research calculation	23.23%	Definition and boundaries Gross profit / revenue × 100 Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Operating margin ↗2025-12-31 · Research calculation	12.4%	Definition and boundaries Operating income / revenue × 100 Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Net margin ↗2025-12-31 · Research calculation	14.08%	Definition and boundaries Selected net-income concept / revenue × 100 May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Operating cash flow / revenue ↗2025-12-31 · Research calculation	25.25%	Definition and boundaries Operating cash flow / revenue × 100 Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
(CFO − cash purchases of PP&E) / revenue ↗2025-12-31 · Research calculation	-3.13%	Definition and boundaries (Operating cash flow − cash purchases of PP&E) / revenue × 100 A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Show remaining company metrics (8)

Other operating observations

What verifiable information does this metric provide about this relationship?

Use the metric's definition and original inputs. Quantitative attribution to this relationship has not been established.

Operating metric	Latest value	Definition and boundaries
Revenue growth YoY ↗2025-12-31 · Research calculation	9.05%	Definition and boundaries (Current-period revenue / comparable prior-year revenue − 1) × 100 Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Operating cash flow / net income ↗2025-12-31 · Research calculation	1.79 x	Definition and boundaries Operating cash flow / net income（Net income > 0） Examines cash conversion when earnings are positive. No multiple is calculated when net income is non-positive; taxes, non-cash charges and working capital can all cause divergence. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
(Net income − operating cash flow) / revenue ↗2025-12-31 · Research calculation	-11.17%	Definition and boundaries (Net income − operating cash flow) / revenue × 100 The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Days sales outstanding (average balance) ↗2025-12-31 · Research calculation	50.66 days	Definition and boundaries (Opening net receivables + closing net receivables) / 2 / revenue × actual days in the period A company-wide proxy for manufacturing and hardware businesses using average opening and closing balances. It is not the payment term in customer contracts. Comparison is with the corresponding prior-year period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Days inventory outstanding (average balance) ↗2025-12-31 · Research calculation	79.72 days	Definition and boundaries (Opening inventory + closing inventory) / 2 / (revenue − gross profit) × actual days in the period Costs are reconstructed as revenue less reported gross profit for the same period and currency. Inventory mix and impairments can affect the result; it does not establish demand on its own. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Days payable outstanding (average balance) ↗2025-12-31 · Research calculation	38.64 days	Definition and boundaries (Opening accounts payable + closing accounts payable) / 2 / (revenue − gross profit) × actual days in the period Cost of revenue is used as a proxy for purchases and may include non-purchasing costs. This is not a supplier payment term and does not separate supplier financing. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Cash conversion cycle (average balances) ↗2025-12-31 · Research calculation	91.74 days	Definition and boundaries Average-balance DSO + DIO − DPO Calculated only when all three balances, revenue and costs are available. This company-wide turnover proxy does not replace analysis of contract assets, customer prepayments or supplier financing. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Investment and funding needs

How much cash is required for construction and procurement before delivery?

Compare prepayments, cash capital expenditure and commissioning plans. Current-period revenue is not a substitute for a full investment-recovery calculation.

Operating metric	Latest value	Definition and boundaries
Cash purchases of PP&E / revenue ↗2025-12-31 · Research calculation	28.38%	Definition and boundaries Cash purchases of PP&E / revenue × 100 Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Related companies in the value chain 4 companies · Advanced-node manufacturing

Related browsing is based on overlapping segments in the current graph. It does not establish direct peers, valuation comparability, or a supply, customer or investment relationship.

TSMTSMCCompany research ↗INTCIntelCompany research ↗UMCUMCCompany research ↗GFSGlobalFoundriesCompany research ↗

Search all operating metrics and calculation methods

Operating metric search

Test relationship hypotheses against actual operating series, with their definitions, periods and calculation methods.

Historical research methodology

Company13 / 13 items

Operating metric	Latest value	Period / classification	Definition and interpretation boundaries	Analysis
Revenue growth YoY	9.05%	2025-12-31Research calculation	(Current-period revenue / comparable prior-year revenue − 1) × 100Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Gross margin	23.23%	2025-12-31Research calculation	Gross profit / revenue × 100Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Operating margin	12.4%	2025-12-31Research calculation	Operating income / revenue × 100Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Net margin	14.08%	2025-12-31Research calculation	Selected net-income concept / revenue × 100May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Operating cash flow / revenue	25.25%	2025-12-31Research calculation	Operating cash flow / revenue × 100Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
(CFO − cash purchases of PP&E) / revenue	-3.13%	2025-12-31Research calculation	(Operating cash flow − cash purchases of PP&E) / revenue × 100A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Operating cash flow / net income	1.79 x	2025-12-31Research calculation	Operating cash flow / net income（Net income > 0）Examines cash conversion when earnings are positive. No multiple is calculated when net income is non-positive; taxes, non-cash charges and working capital can all cause divergence. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Cash purchases of PP&E / revenue	28.38%	2025-12-31Research calculation	Cash purchases of PP&E / revenue × 100Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
(Net income − operating cash flow) / revenue	-11.17%	2025-12-31Research calculation	(Net income − operating cash flow) / revenue × 100The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Days sales outstanding (average balance)	50.66 days	2025-12-31Research calculation	(Opening net receivables + closing net receivables) / 2 / revenue × actual days in the periodA company-wide proxy for manufacturing and hardware businesses using average opening and closing balances. It is not the payment term in customer contracts. Comparison is with the corresponding prior-year period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Days inventory outstanding (average balance)	79.72 days	2025-12-31Research calculation	(Opening inventory + closing inventory) / 2 / (revenue − gross profit) × actual days in the periodCosts are reconstructed as revenue less reported gross profit for the same period and currency. Inventory mix and impairments can affect the result; it does not establish demand on its own. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Days payable outstanding (average balance)	38.64 days	2025-12-31Research calculation	(Opening accounts payable + closing accounts payable) / 2 / (revenue − gross profit) × actual days in the periodCost of revenue is used as a proxy for purchases and may include non-purchasing costs. This is not a supplier payment term and does not separate supplier financing. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Cash conversion cycle (average balances)	91.74 days	2025-12-31Research calculation	Average-balance DSO + DIO − DPOCalculated only when all three balances, revenue and costs are available. This company-wide turnover proxy does not replace analysis of contract assets, customer prepayments or supplier financing. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗

Source grades, dates and quantitative definitions

A = original SEC or exchange filings; B = company announcements, IR materials, official websites or established media; C = industry-structure inferences or third-party accounts without an independent primary source

Key relationships were reviewed using public information available through 2026-10-23. Historical relationships have not all been individually reverified. Their original dates are retained; delisted entities remain in the relationship archive but are excluded from market-cap weights. Review coverage through 2026-10-23.

Signed status does not mean that the full amount has been paid or that capacity has been delivered. Assess contract value, period revenue, investment, loans, prepayments and guarantee caps separately; do not sum them as a single exposure. Distinguish total power capacity from critical IT load. Company-level metrics cannot be attributed directly to an individual relationship.

Source facts and operating implications are distinguished, with forecasts and conditional scenarios identified as such. Missing relationships mean that this graph has no record of them. Data version 60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644.

EVIDENCE & SOURCES

Data and calculation basis

Sources and filing versions

Quotes and valuation

2026-10-27, 16:00 ET · Regular-session close. History through 2026-10-23 uses provider split-adjusted prices, excluding dividends. Full-history adjustment factors have not been independently recalculated. MA20 is the arithmetic mean of 20 recorded trading-day closes and does not bridge missing prices or known corporate actions. Price comparisons exclude dividend reinvestment and do not represent total returns. Market cap retrieved on 2026-10-28. Prices refresh daily. Source timestamps and website update times are shown separately.

The current security identity has been checked. Continuity with earlier issuers has not been independently verified; listing-date coverage is shown separately.

Original verification notes

first-provider-observation-listing-date-not-verified

Current ticker/issuer checked across available sources. Earlier issuer continuity and first listing date are not independently established; provider first observation is not an IPO claim.

Nasdaq Quote source page Price-history source page

Financial statements

Reporting period 2025-12-31; filed 2026-04-30. Financials use the company's reporting periods and currency; unavailable values appear as —. Expand the section below each chart to inspect metric definitions, inputs and original sources.

SEC Company filings Raw financial data · JSON

Business evidence

Based on value-chain records; original operating disclosures are still needed.

Citations: 4 · Documents: 3 · Duplicate documents are grouped; individual source locations are retained

1Tower Semiconductor FY2025 Form 20-FValue-chain archive · 2 citations

References 1

Tower Semiconductor FY2025 Form 20-F · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

References 2

Tower Semiconductor FY2025 Form 20-F · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source

3Tower Semiconductor FY2024 Form 20-FValue-chain archive

Tower Semiconductor FY2024 Form 20-F · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source

4Tower Semiconductor Form 6-K furnished 2026-09-17 (accession 0001178913-26-004535), press release 'NewPhotonics and Tower Semiconductor Begin High-Volume Shipments of Laser-Integrated, Serviceable Optical Engine PICs' [A, press release furnished on 6-K]Value-chain archive

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source

Missing evidence

Primary-source coverage of the company’s standalone business analysis and falsification criteria is incomplete.
Company-specific operating KPIs are not yet available; financial ratios do not substitute for evidence about products, orders or capacity.

Unresolved business questions

Which products, customers and revenue categories can be independently verified from primary materials?: Existing relationship records do not represent the entire business; company-level primary evidence for segments, products, customer concentration and key operations remains incomplete.

Relationships: Company announcements, framework intentions and signed agreements are distinguished. Contract amounts do not represent payments already made. Records without sources are flagged separately.
Version: 60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644