Tower Semiconductor : TSEM Q12026 IRCALL SLIDES FF
TSEM
Published on 05/13/2026 at 09:58 am EDT
Supporting Slides
May 13, 2026
$414M
$358M
$372M
$455M *
Q1 2026 revenue: $414 million
Q1 2026 Net profit: $65 million
Q1'2025 Q2'2025 Q1'2026 Q2'2026
(*guidance)
Q2 2026 revenue guidance of
$455 million, +/- 5%, represents growth of 10% quarter-over-quarter and 22% year-over-year.
Strongly reiterate our target of quarter-over-quarter revenue and margins growth throughout 2026.
First Quarter 2026
$414 Million Revenue
MS/
First Quarter 2025
$358 Million Revenue
Power 17%
Discrete 10%
CMOS/
Misc. 4%
Sensors & Displays 15%
RF
Infrastructure 38%
Discrete 16%
Power
MS/ CMOS/
Misc. 8%
Sensors & Displays 17%
RF Infrastructure 22%
RF Mobile 16%
18%
RF Mobile 19%
March 31, December 31,
2026 2025
ASSETS
Cash and cash equivalents
243
235
Short-term deposits
1,255
917
Trade accounts receivable
214
223
Inventories
255
257
Other current assets
62
78
Total current assets
2,029
1,710
Property and equipment, net
1,530
1,462
Other long-term assets, net
142
150
TOTAL ASSETS
3,701
3,322
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt
25
28
Trade accounts payable
121
124
Customer prepayment and deferred revenue
127
26
Other current liabilities
88
86
Total current Liabilities
361
264
Long-term debt
131
133
Long-term customers' advances
215
2
Other long-term liabilities
20
19
TOTAL LIABILITIES
727
418
SHAREHOLDERS' EQUITY
2,974
2,904
TOTAL LIABILITIES & EQUITY
3,701
3,322
Q1'26 P&L vs. Q4'25 and Q1'25 P&L
(in thousands of $)
T h r e e M o n t h s e n d e d March 31, December 31, March 31,
2026
2025
2025
REVENUE
413,631
440,206
358,170
COST OF REVENUES
302,680
322,594
284,999
GROSS PROFIT
110,951
117,612
73,171
Research and development
23,530
24,850
20,172
Marketing, general and administrative
22,856
21,933
20,101
OPERATING PROFIT
64,565
70,829
32,898
Financing and other income, net
9,518
10,735
10,598
PROFIT BEFORE INCOME TAX
74,083
81,564
43,496
INCOME TAX EXPENSE, NET
(6,518)
(1,505)
(3,779)
NET PROFIT
67,565
80,059
39,717
Non controlling interest
(2,533)
73
425
NET PROFIT ATTRIBUTABLE TO THE COMPANY
65,032
80,132
40,142
BASIC EARNINGS PER SHARE
0.58
0.71
0.36
DILUTED EARNINGS PER SHARE
0.57
0.70
0.35
GAAP NET PROFIT
65,032
80,132
40,142
Stock based compensation and amortization of acquired intangible assets
9,441
9,393
10,335
ADJUSTED NET PROFIT
74,473
89,525
50,477
ADJUSTED EARNINGS PER SHARE:
Basic
0.66
0.80
0.45
Diluted
0.65
0.78
0.45
FY 2025
Built-out capacity
@85% utilization*
Incremental
% of Incremental Revenue
$M of Increase
Revenue
1,566
1.8X
2,840
1,274
Gross Profit
364
3.1X
1,120
756
59%
Operating Profit
194
4.6X
900
706
55%
Net Profit
220
3.4X
750
530
42%
* Including revenue and margins from the $920M SiGe & SiPho announced capacity and capability Cap-Ex investments and excluding revenue
and margins from Intel's Fab11 capacity corridor agreement
Revenue
2,840
Cost of Revenue
1,720
Gross Profit 1,120
Gross Margin 39.4%
Op-Ex
220
Operating Profit
900
Operating Margin
31.7%
Net Profit
Net Profit Margin
750
26.4%
Contact: Liat Avraham, Investor Relations Email: [email protected]
Disclaimer
Tower Semiconductor Ltd. published this content on May 13, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 13, 2026 at 13:57 UTC.