TOWER SEMICONDUCTOR LTD

TSEM · XNAS

CIK 928876fmd_0HF3PK1Q1FRQWPJAFY88YW6XDXManufacturing · Semiconductors & Related DevicesTemplate: Standard

Coverage: Jan 01, 2009 to Dec 31, 2025, 31 periods

Income Statement · Annual · Millions · USD
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	1,250	1,387	1,304	1,234	1,266	1,508	1,678	1,423	1,436	1,566
Cost of revenue	947	1,033	1,011	1,004	1,032	1,179	1,211	1,069	1,097	1,202
Gross profit	303	354	293	230	233	329	466	354	339	364
Research and development	63	68	73	76	78	85	84	80	79	86
Selling, general and administrative	65	67	65	67	64	77	80	72	75	83
Total operating expenses	128	134	138	143	142	163	155	(194)	148	170
Operating income	175	220	155	87	91	167	312	547	191	194
Interest expense	13	13	11	7	7	7	6	4	4	4
Interest and investment income	1	5	11	13	8	5	14	40	55	54
Other non-operating income (expense)	(24)	(15)	(13)	0	(5)	1	(7)	7	(25)	(11)
Income before taxes	211	202	139	91	89	155	292	585	217	240
Income tax expense	1	(100)	6	3	5	1	26	65	10	22
Net income from continuing operations	209	302	133	88	83	154	266	520	207	219
Net income	204	298	136	90	82	150	265	518	208	220
Net income to common shareholders	212	307	136	90	82	150	265	518	208	220