The financials
Tower Semiconductor Ltd. by the numbers
Tower Semiconductor Ltd. (TSEM) reported revenue of $758M in H2 2024 (quarter ended December 31, 2024), up 112% from the same quarter a year earlier. That came with a gross margin of 24% and net income of $110M (14% of revenue). For the full year FY2025, revenue was $1.57B (+9.1% year on year) and net income $220M.
| Income statement | H2 2024 | Q2 2023 | Change |
|---|---|---|---|
| Revenue | $758M | $357M | +112% |
| Gross profit | $180M | $87M | +108% |
| Operating income | $102M | $51M | +102% |
| Net income | $110M | $51M | +114% |
| Diluted EPS | $0.97 | $0.46 | +111% |