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Side-by-side financial comparison of TOWER SEMICONDUCTOR LTD (TSEM) and Ultra Clean Holdings, Inc. (UCTT). Click either name above to swap in a different company.
Ultra Clean Holdings, Inc. is the larger business by last-quarter revenue ($533.7M vs $351.2M, roughly 1.5× TOWER SEMICONDUCTOR LTD). TOWER SEMICONDUCTOR LTD runs the higher net margin — 15.2% vs -2.8%, a 18.0% gap on every dollar of revenue. On growth, Ultra Clean Holdings, Inc. posted the faster year-over-year revenue change (2.9% vs -1.7%).
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).
Ultra Clean Holdings, Inc. is a leading global supplier of critical subsystems, ultra-high purity cleaning services, and precision process components for the semiconductor, advanced display, and life sciences sectors. It operates across North America, Asia, and Europe, serving top semiconductor fabs and high-tech equipment manufacturers to support advanced microelectronics production.
TSEM vs UCTT — Head-to-Head
Income Statement — Q2 FY2024 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.2M | $533.7M |
| Net Profit | $53.4M | $-15.0M |
| Gross Margin | 24.8% | 12.2% |
| Operating Margin | 15.7% | 2.1% |
| Net Margin | 15.2% | -2.8% |
| Revenue YoY | -1.7% | 2.9% |
| Net Profit YoY | 4.4% | -500.0% |
| EPS (diluted) | $0.48 | $-0.40 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $533.7M | ||
| Q4 25 | — | $506.6M | ||
| Q3 25 | — | $510.0M | ||
| Q2 25 | — | $518.8M | ||
| Q1 25 | — | $518.6M | ||
| Q4 24 | — | $563.4M | ||
| Q3 24 | — | $540.4M | ||
| Q2 24 | $351.2M | $516.1M |
| Q1 26 | — | $-15.0M | ||
| Q4 25 | — | $-3.3M | ||
| Q3 25 | — | $-10.9M | ||
| Q2 25 | — | $-162.0M | ||
| Q1 25 | — | $-5.0M | ||
| Q4 24 | — | $16.3M | ||
| Q3 24 | — | $-2.3M | ||
| Q2 24 | $53.4M | $19.1M |
| Q1 26 | — | 12.2% | ||
| Q4 25 | — | 15.2% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 15.3% | ||
| Q1 25 | — | 16.2% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | — | 17.3% | ||
| Q2 24 | 24.8% | 17.1% |
| Q1 26 | — | 2.1% | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | -27.3% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | 15.7% | 4.4% |
| Q1 26 | — | -2.8% | ||
| Q4 25 | — | -0.7% | ||
| Q3 25 | — | -2.1% | ||
| Q2 25 | — | -31.2% | ||
| Q1 25 | — | -1.0% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | -0.4% | ||
| Q2 24 | 15.2% | 3.7% |
| Q1 26 | — | $-0.40 | ||
| Q4 25 | — | $-0.07 | ||
| Q3 25 | — | $-0.24 | ||
| Q2 25 | — | $-3.58 | ||
| Q1 25 | — | $-0.11 | ||
| Q4 24 | — | $0.36 | ||
| Q3 24 | — | $-0.05 | ||
| Q2 24 | $0.48 | $0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $265.3M | $323.5M |
| Total DebtLower is stronger | — | $601.9M |
| Stockholders' EquityBook value | $2.5B | $702.1M |
| Total Assets | $3.0B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.86× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $323.5M | ||
| Q4 25 | — | $311.8M | ||
| Q3 25 | — | $314.1M | ||
| Q2 25 | — | $327.4M | ||
| Q1 25 | — | $317.6M | ||
| Q4 24 | — | $313.9M | ||
| Q3 24 | — | $318.2M | ||
| Q2 24 | $265.3M | $319.5M |
| Q1 26 | — | $601.9M | ||
| Q4 25 | — | $481.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $499.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $702.1M | ||
| Q4 25 | — | $711.0M | ||
| Q3 25 | — | $709.9M | ||
| Q2 25 | — | $719.4M | ||
| Q1 25 | — | $872.0M | ||
| Q4 24 | — | $873.6M | ||
| Q3 24 | — | $857.9M | ||
| Q2 24 | $2.5B | $852.3M |
| Q1 26 | — | $1.9B | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | $3.0B | $1.9B |
| Q1 26 | — | 0.86× | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.57× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TSEM
Segment breakdown not available.
UCTT
| Products | $465.7M | 87% |
| Services | $68.0M | 13% |
