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Tower
(NASDAQ:TSEM)
Tower (TSEM) vs. SPDR S&P 500 ETF (SPY)
Tower Business Overview & Revenue Model
Tower Earnings Call Summary
Tower Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.57B | 1.44B | 1.42B | 1.68B | 1.51B |
| Gross Profit | 363.85M | 339.44M | 353.52M | 466.31M | 329.12M |
| EBITDA | 497.28M | 451.32M | 847.31M | 590.30M | 433.12M |
| Net Income | 220.47M | 207.86M | 518.49M | 264.57M | 150.01M |
Balance Sheet | |||||
| Total Assets | 3.32B | 3.08B | 2.92B | 2.55B | 2.23B |
| Cash, Cash Equivalents and Short-Term Investments | 1.15B | 1.22B | 1.24B | 1.01B | 763.87M |
| Total Debt | 161.52M | 180.81M | 231.56M | 272.34M | 314.84M |
| Total Liabilities | 417.71M | 440.31M | 491.48M | 659.07M | 615.85M |
| Stockholders Equity | 2.90B | 2.65B | 2.43B | 1.89B | 1.62B |
Cash Flow | |||||
| Free Cash Flow | -41.08M | 12.53M | 232.06M | 163.42M | 107.48M |
| Operating Cash Flow | 395.48M | 448.68M | 676.56M | 529.82M | 421.29M |
| Investing Cash Flow | -398.09M | -400.24M | -720.85M | -329.45M | -338.94M |
| Financing Cash Flow | -33.35M | -32.45M | -30.41M | -66.65M | -76.86M |
Tower Technical Analysis
Tower Risk Analysis
Tower Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $13.62B | 38.14 | 22.70% | ― | 39.37% | 40.87% | |
73 Outperform | $13.94B | 60.53 | 7.85% | ― | 8.03% | -6.03% | |
70 Outperform | $4.43B | 22.94 | 14.07% | 1.52% | -0.58% | -6.67% | |
69 Neutral | $7.85B | -541.20 | 5.12% | ― | 20.60% | ― | |
68 Neutral | $10.63B | 26.10 | 8.73% | 0.81% | 0.13% | -16.17% | |
67 Neutral | $8.58B | -205.54 | -4.23% | ― | 59.04% | 28.50% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
Tower Corporate Events
On March 4, 2026, Tower Semiconductor announced it will participate in OFC 2026, the Optical Fiber Communication Conference and Exhibition, to be held March 17–19, 2026 at the Los Angeles Convention Center, where it will be present at booth #2221. Company representatives will be available throughout the event to discuss its current and future silicon photonics roadmap with customers and partners.
At OFC 2026, Tower plans to showcase its silicon photonics platform, used by industry leaders for optical transceivers in scale-out and telecom networks as well as emerging applications such as co-packaged optics, DWDM lasers, optical circuit switching, FMCW LiDARs for physical AI, and quantum computing. The company will also highlight its silicon germanium BiCMOS offerings and stage several joint demonstrations with partners, underlining its bid to meet growing bandwidth, latency and power demands in next-generation AI infrastructure.
The most recent analyst rating on (TSEM) stock is a Buy with a $45000.00 price target. To see the full list of analyst forecasts on Tower stock, see the TSEM Stock Forecast page.
On March 2, 2026, Tower Semiconductor filed a Form 6-K furnishing its audited consolidated financial statements for the year ended December 31, 2025, along with management’s discussion and analysis and the external auditor’s consent. The filing, which is incorporated by reference into existing share-based compensation registration statements, confirms a clean audit opinion under U.S. GAAP and highlights income tax provisioning in its multinational structure as the key critical audit matter, underscoring the complexity of its global operations and tax risk management for investors and regulators.
The most recent analyst rating on (TSEM) stock is a Buy with a $45000.00 price target. To see the full list of analyst forecasts on Tower stock, see the TSEM Stock Forecast page.
On February 25, 2026, Tower Semiconductor and UK-based Salience Labs announced a partnership to manufacture photonic integrated circuit-based optical circuit switches for next-generation AI data centers. The deal uses Tower’s high-volume silicon photonics platforms, including PH18DA with integrated lasers and TPS45PH with low-loss nitride waveguides, moving their joint program from development into a pre-production phase.
By shifting more connectivity and switching into the optical domain, the partners aim to address rising demand for higher bandwidth, lower latency and lower energy per bit in AI back-end networks, a market forecast by Dell’Oro Group to exceed $100 billion in data center switch spending by 2030. The collaboration strengthens Tower’s positioning in AI and data-center infrastructure while giving Salience Labs a scalable manufacturing path, potentially accelerating industrial deployment of optical circuit switching architectures.
The most recent analyst rating on (TSEM) stock is a Buy with a $45000.00 price target. To see the full list of analyst forecasts on Tower stock, see the TSEM Stock Forecast page.
On February 19, 2026, Tower Semiconductor and Canadian photonic quantum computing firm Xanadu announced an expansion of their strategic collaboration to develop advanced silicon photonics for fault-tolerant quantum computers. The companies have co-engineered a custom material stack integrated into Tower’s high-volume silicon photonics platform, aiming to support scalable, high-performance photonic quantum hardware as system complexity increases.
The strengthened partnership builds on a series of successful joint tapeouts that moved Xanadu’s hardware from concept to prototype and demonstrator systems within a manufacturable foundry environment. Current work focuses on optimizing ultra‑low‑loss silicon nitride and integrated photodiodes using standard product flows, positioning Tower’s platform to serve emerging commercial-scale quantum computing while reinforcing its relevance across data centers, telecom and automotive applications.
The most recent analyst rating on (TSEM) stock is a Buy with a $45000.00 price target. To see the full list of analyst forecasts on Tower stock, see the TSEM Stock Forecast page.
On February 17, 2026, Tower Semiconductor and Scintil Photonics announced the availability of the world’s first heterogeneously integrated dense wavelength division multiplexing laser sources for AI infrastructure, built on Scintil’s SHIP technology and Tower’s high-volume silicon photonics platform. The LEAF Light laser source, validated on Tower’s production lines, targets next-generation co-packaged optics for hyperscale AI data centers by delivering higher bandwidth density, lower power per bit, ultra-low tail latency, and a defined path from customer evaluation to high-volume manufacturing, strengthening both companies’ positioning in scale-up AI networking.
Tower’s global multi-site silicon photonics footprint is presented as a key differentiator for capacity flexibility and supply continuity, aligning with hyperscaler requirements as AI networking is projected to grow toward a large optical-centric market by 2030. The partnership reinforces Tower’s PH18M silicon photonics offering and Scintil’s role in DWDM laser innovation, positioning them to capture demand from multirack co-packaged optics deployments as AI data center build-outs accelerate and operators seek more efficient, scalable networking architectures.
The most recent analyst rating on (TSEM) stock is a Buy with a $45000.00 price target. To see the full list of analyst forecasts on Tower stock, see the TSEM Stock Forecast page.
On February 5, 2026, Tower Semiconductor announced a collaboration with NVIDIA to scale AI infrastructure using its advanced silicon photonics platform for 1.6-terabit data center optical modules designed for NVIDIA networking protocols. The new SiPho-based solution is said to double data rates versus prior silicon photonics generations, boosting bandwidth and throughput for optical connectivity and accelerating AI workloads in data centers, reinforcing Tower’s positioning as a key foundry partner for high-speed optical interconnects in AI infrastructure, data center networking and advanced telecom markets.
The most recent analyst rating on (TSEM) stock is a Buy with a $152.00 price target. To see the full list of analyst forecasts on Tower stock, see the TSEM Stock Forecast page.
On January 29, 2026, Tower Semiconductor announced that company representatives will attend the Susquehanna 15th Annual Technology Conference, scheduled for February 26 at the Lotte New York Palace Hotel in New York. The event will include one-on-one meeting opportunities with investors, underscoring Tower’s ongoing outreach to the investment community and its efforts to reinforce visibility and engagement in the technology and semiconductor capital markets.
The most recent analyst rating on (TSEM) stock is a Buy with a $144.00 price target. To see the full list of analyst forecasts on Tower stock, see the TSEM Stock Forecast page.
On January 20, 2026, Tower Semiconductor announced that it will release its fourth quarter and full-year 2025 financial results on February 11, 2026, and will host a conference call the same day to discuss those results and provide guidance for the first quarter of 2026. The webcasted call, which will be accessible via the company’s investor relations website with pre-registration required for dial-in participation and a 90-day replay period, underscores the company’s ongoing engagement with investors and other stakeholders ahead of an important earnings update that may shed light on its recent performance and near-term outlook in key analog semiconductor markets.
The most recent analyst rating on (TSEM) stock is a Buy with a $147.00 price target. To see the full list of analyst forecasts on Tower stock, see the TSEM Stock Forecast page.
On January 5, 2026, Tower Semiconductor announced a strategic collaboration with LightIC Technologies to use Tower’s mature silicon photonics foundry platform to manufacture LightIC’s silicon photonics–based FMCW LiDAR products, including the Lark long-range automotive LiDAR and FR60 compact LiDAR for robotics and Physical AI applications. The partnership aims to extend silicon photonics beyond large-scale AI data-center networking into sensing-driven Physical AI and automotive markets, improving size, weight, power and cost while enabling scalable, velocity-aware 4D FMCW LiDAR solutions at a time when the global automotive LiDAR market is forecast to grow rapidly, positioning both companies to benefit from broader LiDAR adoption in automotive, industrial automation, smart infrastructure and robotics.
The most recent analyst rating on (TSEM) stock is a Hold with a $125.00 price target. To see the full list of analyst forecasts on Tower stock, see the TSEM Stock Forecast page.
On December 29, 2025, Tower Semiconductor announced that its representatives will attend the 28th Annual Needham Growth Conference in New York, scheduled for January 13–14, offering investors the chance to hold one‑on‑one meetings with the company. The participation underscores Tower’s efforts to engage actively with the investment community and highlight its analog foundry capabilities and global manufacturing footprint to current and prospective shareholders.
The most recent analyst rating on (TSEM) stock is a Buy with a $150.00 price target. To see the full list of analyst forecasts on Tower stock, see the TSEM Stock Forecast page.