TOWER SEMICONDUCTOR LTDTSEMEarnings & Financial Report
Nasdaq · semiconductor
Tower Semiconductor Ltd. is an Israeli company that manufactures integrated circuits using specialty process technologies, including SiGe, BiCMOS, Silicon Photonics, SOI, mixed-signal and RFCMOS, CMOS image sensors, non-imaging sensors, power management (BCD), and non-volatile memory (NVM) as well as MEMS capabilities. Tower Semiconductor also owns 51% of TPSCo, an enterprise with Nuvoton Technology Corporation Japan (NTCJ).
TSEM Q2 2024 Key Financial Metrics
Revenue
$351.2M
Gross Profit
$86.9M
Operating Profit
$55.1M
Net Profit
$53.4M
Gross Margin
24.8%
Operating Margin
15.7%
Net Margin
15.2%
YoY Growth
-1.7%
EPS
$0.48
Financial Flow
TOWER SEMICONDUCTOR LTD Q2 2024 Financial Summary
TOWER SEMICONDUCTOR LTD reported revenue of $351.2M for Q2 2024, with a net profit of $53.4M (15.2% margin). Cost of goods sold was $264.3M, operating expenses totaled $31.8M.
Key Financial Metrics
| Total Revenue | $351.2M |
|---|---|
| Net Profit | $53.4M |
| Gross Margin | 24.8% |
| Operating Margin | 15.7% |
| Report Period | Q2 2024 |
Income Statement
| Q2 2022 | Q2 2023 | Q2 2024 | |
|---|---|---|---|
| Revenue | $426.2M | $357.2M | $351.2M |
| YoY Growth | 17.7% | -16.2% | -1.7% |
Balance Sheet
| Q2 2022 | Q2 2023 | Q2 2024 | |
|---|---|---|---|
| Assets | $2.32B | $2.53B | $2.96B |
| Liabilities | $635.9M | $523.0M | $449.5M |
| Equity | $1.71B | $2.01B | $2.51B |
Cash Flow
No data available for this period
