TOWER SEMICONDUCTOR LTD (TSEM) SEC Filings & Earnings Calls
EquiReason read 45 TOWER SEMICONDUCTOR LTD SEC filings in the last 12 months. Latest: 6-K on 2026-10-13 — Proxy statement for extraordinary general meeting to approve amended compensation policy; no material financial or operational event..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 18.9B
- P/E TTM
- 66.2
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 2 Nov, in 9 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
17 Sep 20266-KTower Semiconductor and NewPhotonics announce high-volume shipments of laser-integrated optical engine PICs for AI interconnects, leveraging Tower's PH18DA platform.open
Figures in the filing · each found in the filing text
| Data rate of PICs · Optical Engines · current | $1600.00 |
17 Aug 20266-KRevenue +19.6% YoY, net profit +85.4% YoY, operating profit +112.8% YoY for H1 2026.earningsopen
Figures in the filing · each found in the filing text
| Revenue · H1-2026 | $874M | +20% y/y |
| Net profit attributable to the Company · H1-2026 | $156M | +80% y/y |
| Gross profit · H1-2026 | $249M | +62% y/y |
| Operating profit · H1-2026 | $155M | +113% y/y |
11 Aug 20266-KTower Semiconductor and OpenLight announce availability of OpenLight's photonic PDK on Cadence EDA tools for Tower's PH18DA InP-on-silicon platform, enabling advanced photonic IC design and accelerating development for 400G/1.6T optics.open
Risks flagged
No financial risk disclosed; partnership may not generate near-term revenue
“Press release describes collaboration and PDK availability; no financial commitments or revenue guidance provided.”
4 Aug 20266-KTower Semiconductor reports record Q2 2026 revenue of $460M (+24% YoY), record gross profit $138M (+72% YoY), record operating profit $90M (2.3x YoY), record net profit $91M (+95% YoY). Guides Q3 revenue $520M record (+31% YoY). Raises 2028earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $460M | +24% y/y |
| Gross profit · Q2-2026 | $138M | +72% y/y |
| Operating profit · Q2-2026 | $90M | +125% y/y |
| Net profit · Q2-2026 | $91M | +95% y/y |
| Cash from operating activities · Q2-2026 | $177M | +44% y/y |
| SiPho revenue annual run rate · SiPho · Q2-2026 | $680M | +278% y/y |
| Q3 2026 revenue guidance · Q3-2026 | $520M | +31% y/y |
| 2028 target revenue · FY2028 | $3.60B | |
| 2028 target net profit · FY2028 | $1.20B |
Guidance
Q3 revenue guidance $520M, +31% YoY; 2028 target raised to $3.6B revenue
Record Q2 results and raised Q3 guidance; long-term target raised significantly.
Risks flagged
Capacity expansion execution risk; high capex may pressure cash flow.
“Investments in property and equipment $187M in Q2 2026.”
14 Jul 20266-KTower Semiconductor announces strategic capacity expansion in Japan with METI support, targeting $3.6B revenue and $1.2B net profit in 2028, with $3B investment net of $1B grants.open
Figures in the filing · each found in the filing text
| revenue · 2028 | $3.60B | |
| net profit · 2028 | $1.20B |
Guidance
Targeting $3.6B revenue and $1.2B net profit in 2028
Updated business model with significantly higher revenue and profit targets for 2028 driven by capacity expansion.
Risks flagged
Execution risk on dual-track expansion timeline and capacity ramp.
“full production readiness expected during the fourth quarter of 2027” · word for word
6 Jul 20266-KTower Semiconductor reported results of its annual general meeting where all proposals were approved except the amended compensation policy, which will be reviewed by the board.open
Risks flagged
Lack of shareholder approval for compensation policy may indicate governance concerns, but existing arrangements remain in effect.
“Proposal 3 (approval of an amended and restated compensation policy) was not approved.” · word for word
22 Jun 20266-KTower Semiconductor issued a letter to shareholders providing supplemental information to the proxy statement for the Annual General Meeting, recommending approval of an amended compensation policy.open
Figures in the filing · each found in the filing text
| revenue · Q1-2026 | $1.62B |
13 May 20266-KTower Semiconductor signed customer contracts for $1.3 billion Silicon Photonics revenue for 2027, with $290 million prepayments received, and larger 2028 commitments.open
Figures in the filing · each found in the filing text
| Silicon Photonics contracted revenue for 2027 · Silicon Photonics · FY2027 | $1.30B | |
| Customer prepayments received · Q1-2026 | $290M | |
| 2028 revenue target · FY2028 | $2.80B | |
| 2028 net profit target · FY2028 | $750M |
Risks flagged
Execution risk on capacity ramp and achieving 2028 targets
“Substantial capacity ramp required to meet demand; forward-looking statements subject to risks.”
13 May 20266-KTower Semiconductor reported Q1 2026 revenue of $414M (+15% YoY), net profit $65M (+63% YoY), and guided Q2 record revenue of $455M.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $414M | +15% y/y |
| Net profit · Q1-2026 | $65M | +63% y/y |
| Gross profit · Q1-2026 | $111M | +52% y/y |
| Operating profit · Q1-2026 | $65M | +96% y/y |
| Cash from operating activities (excluding prepayments) · Q1-2026 | $225M | |
| Investments in property and equipment, net · Q1-2026 | $156M | |
| Revenue guidance Q2 2026 · Q2-2026 | $455M | +22% y/y |
| Basic earnings per share · Q1-2026 | $0.58 | |
| Diluted earnings per share · Q1-2026 | $0.57 |
Guidance
Q2 2026 revenue guidance of $455M, a company record, +22% YoY, +10% QoQ
Record Q2 guidance with sequential growth expected throughout 2026, driven by strong demand and margin expansion.
Risks flagged
Execution risk on capacity expansion and achieving 2028 targets
“Forward-looking statements subject to risks; capacity ramp required to meet demand.”
30 Apr 202620-FTower Semiconductor reported FY2025 revenue of $1,566.1M, up 9% YoY, with net profit attributable to the company of $220.5M, up 6% YoY.earningsopen
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $1.57B | +9% y/y |
| Net profit attributable to the Company · FY2025 | $221M | +6% y/y |
| Gross profit · FY2025 | $364M | +7% y/y |
| Gross margin · FY2025 | 23.2% | |
| Operating profit · FY2025 | $194M | +2% y/y |
| Cash and cash equivalents · FY2025 | $235M | -13% y/y |
| Capital expenditures · FY2025 | $437M |
Risks flagged
Geopolitical and trade policy risk
“Geopolitical factors and trade policies can significantly impact the semiconductor industry. Restrictions, trade tensions, tariffs, and policies promoting domestic employment and wafer manufacturing can influence foundries’ financials, business operations and competitive positioning.” · word for word
Customer concentration risk
“11% of our revenues were generated from NTCJ, 39% of our revenues were derived from an additional seven customers, each of which generated between 4% and 7% of our revenues” · word for word
Currency fluctuation risk
“Appreciation of the NIS may increase costs, in USD terms, of the Israeli facility, such as utilities, taxes and labor costs that are denominated in NIS, which may lead to erosion of profit margins.” · word for word
25 Mar 20266-KTower and Nuvoton announce strategic restructuring of TPSCo: Tower gains full ownership of 300mm fab, Nuvoton gets 200mm fab with $25M payment to Tower.open
Risks flagged
Regulatory approvals and closing conditions may delay or prevent transaction.
“subject to the satisfaction of customary closing conditions and receipt of applicable regulatory approvals” · word for word
25 Mar 20266-KTower Semiconductor announces plans to expand 300mm capacity in Japan, taking full ownership of Fab 7, targeting 4x capacity increase, with subsidy application to METI.open
Risks flagged
Regulatory approval and subsidy dependency for expansion timeline.
“subject to the satisfaction of customary closing conditions, and receipt of applicable regulatory approvals... Contingent upon subsidy approval from Japan's Ministry of Economy, Trade and Industry (METI)” · word for word
16 Mar 20266-KTower Semiconductor teams up with Oriole Networks to advance AI infrastructure and networking with nanosecond optical circuit switching, leveraging Tower's silicon photonics platform. Collaboration targets AI back-end networking market expeopen
Risks flagged
No material risk signals; collaboration is positive but early-stage.
2 Mar 20266-KTower Semiconductor files annual report (20-F equivalent via 6-K) for FY2025 with consolidated financial statements and MD&A. No explicit earnings beat/miss or guidance; routine annual filing.earningsopen
Risks flagged
No new risk signals identified; filing is routine.
“No risk-related language in excerpt.”
25 Feb 20266-KTower Semiconductor partners with Salience Labs to manufacture optical circuit switches for AI data centers, leveraging silicon photonics platforms PH18DA and TPS45PH, moving to pre-production phase.open
Risks flagged
Execution risk in moving from development to pre-production and volume manufacturing.
“The partnership moves from development into pre-production phase, driving product readiness and at-scale deployment” · word for word
17 Feb 20266-KTower Semiconductor and Scintil Photonics announce availability of world's first heterogeneously integrated DWDM lasers for AI infrastructure.open
Risks flagged
Technology adoption and volume ramp risks.
“customers have a path from evaluation to millions of units per month.” · word for word
11 Feb 20266-KRecord Q4 2025 revenue of $440M (+14% YoY, +11% QoQ). Net profit $80M vs $54M QoQ. Full year revenue $1.57B (+9% YoY). Guides Q1 2026 revenue $412M (+15% YoY). Announces additional $270M capex for SiPho capacity expansion, total $920M.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q4-2025 | $440M | +14% y/y |
| Gross profit · Q4-2025 | $118M | |
| Operating profit · Q4-2025 | $71M | |
| Net profit · Q4-2025 | $80M | |
| Full year revenue · FY2025 | $1.57B | +9% y/y |
| Full year net profit · FY2025 | $220M | |
| Operating cash flow · FY2025 | $395M | |
| Capex investment · unknown | $920M |
Guidance
Q1 2026 revenue guidance $412M (+15% YoY); additional $270M capex for SiPho
Strong Q1 guidance with 15% YoY revenue growth and significant capex expansion to meet surging SiPho demand. Backlog strength with over 70% capacity reserved.
Risks flagged
Intel expressed intention not to perform under capacity agreement; parties in mediation. Customers being redirected to Fab7.
“Intel has expressed its intention not to perform under the agreement. The parties are presently in a mediation process. The flows which have been transferred, or were in the process of being transferred, were originally qualified in Tower’s Fab7 in Japan. Customers are now being redirected to be supported by Fab7.” · word for word
17 Nov 20256-KTower Semiconductor and Switch Semiconductor announce collaboration to develop a high-efficiency 12-V POL buck regulator for AI and server power systems, leveraging Tower's 65nm BCD platform.open
Figures in the filing · each found in the filing text
| Market size (monolithic power stages) · Data center power management · 2030 | $3.73B |
Risks flagged
Product sampling begins Q1 2026 with volume production later in the year; revenue impact uncertain.
“Sampling will begin in Q1 2026, with volume production scheduled for later in the year.”
10 Nov 20256-KTower Semiconductor reports Q3 2025 revenue of $396M (6% QoQ growth), guides Q4 2025 record revenue of $440M (+14% YoY), and announces $300M additional investment in SiPho and SiGe capacity.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2025 | $396M | |
| Gross profit · Q3-2025 | $93M | |
| Net profit · Q3-2025 | $54M | |
| Diluted EPS · Q3-2025 | $0.47 | |
| Cash flow from operations · Q3-2025 | $139M | |
| Capex (net PP&E investments) · Q3-2025 | $103M | |
| Revenue guidance Q4 2025 · Q4-2025 | $440M | +14% y/y |
Guidance
Q4 2025 revenue guidance of $440M, +14% YoY, +11% QoQ
Record revenue guidance driven by strong demand across core technologies and data center growth, with significant capacity investment.
TOWER SEMICONDUCTOR LTD — questions
- What did TOWER SEMICONDUCTOR LTD file recently?
- 45 SEC filings in the last 12 months. Latest: 6-K on 2026-10-13 — Proxy statement for extraordinary general meeting to approve amended compensation policy; no material financial or operational event.
Every figure on this page comes from TOWER SEMICONDUCTOR LTD's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.