TSEM FY 2024 Earnings Report — Tower Semiconductor Ltd. Revenue & Financial Results | Market Cap Arena

Tower Semiconductor Ltd.TSEM

FY 2024 Earnings

Reported April 30, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.4B	—	0.9%
Op. Income	$191M	—	$547M	—	-65.0%
Gross Margin	23.6%	—	24.8%	—	-1.2pp
Net Margin	14.5%	—	36.4%	—	-22.0pp
EPS (Diluted)	$1.85	—	$4.66	—	-60.3%
Free Cash Flow	$13M	—	$232M	—	-94.6%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.1B
GROSS PROFIT	$339M
R&D Expenses	$21M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$75M
Other Expenses	$53M
Operating Expenses	$148M
Cost & Expenses	$1.2B
OPERATING INCOME	$191M
Interest Income	$55M
Interest Expense	$6M
Other Income/Expenses	$26M
INCOME BEFORE TAX	$217M
Income Tax Expense	$10M
Net Income from Continuing Ops	$207M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$208M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$208M
D&A	$266M
EBIT	$185M
EBITDA	$451M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.1B
GROSS PROFIT	$339M
R&D Expenses	$21M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$75M
Other Expenses	$53M
Operating Expenses	$148M
Cost & Expenses	$1.2B
OPERATING INCOME	$191M
Interest Income	$55M
Interest Expense	$6M
Other Income/Expenses	$26M
INCOME BEFORE TAX	$217M
Income Tax Expense	$10M
Net Income from Continuing Ops	$207M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$208M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$208M
D&A	$266M
EBIT	$185M
EBITDA	$451M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$207M
Depreciation & Amortization	$266M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$25M
Change in Working Capital	-$50M
OPERATING CASH FLOW	$449M
Capital Expenditure	-$436M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$32M
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$400M
Net Debt Issuance	-$32M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$32M
FREE CASH FLOW	$13M
Net Change in Cash	$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$272M
Short-Term Investments	$946M
Net Receivables	$241M
Inventory	$268M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$1.3B
Goodwill	$7M
Intangible Assets	$6M
Long-Term Investments	$7M
Tax Assets	$2M
Other Non-Current Assets	$4M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$3.1B
Account Payables	$131M
Short-Term Debt	$48M
Deferred Revenue	$22M
Other Current Liabilities	$67M
TOTAL CURRENT LIABILITIES	$285M
Long-Term Debt	$132M
Deferred Revenue NC	$8M
Deferred Tax Liabilities	$10M
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$155M
TOTAL LIABILITIES	$440M
Common Stock	$447M
Additional Paid-In Capital	$1.4B
Retained Earnings	$675M
Treasury Stock	-$9M
Accum. Other Comp. Income	-$74M
Other Equity	$237M
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	-$13M
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$181M
Net Debt	-$91M