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TSEMTower Semiconductor Ltd.
$240.81$27.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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TSEM logo

Tower Semiconductor Ltd.

TSEM
NASDAQ · Semiconductors
$240.81
At close - Oct 2, 4:00 PM EDT - USD
Market Cap$27.17B
P/E124.1x
52W High$319.94
Volume2M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Margin Expansion Accelerates Amid Cyclical Capex Intensity

Tower Semiconductor is executing a sharp profitability inflection, with gross margin expanding 840 basis points year-over-year to 29.9% in 2026Q2 and operating income surging 126% on 23.7% revenue growth, reflecting strong pricing power and operating leverage....

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsHealthy
Explore valuation models
MARKET ACTION

TSEM price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

12/12 Beats

EPS beat 12 of last 12 quarters

02

Valuation risk

+106% Peers

P/E is 106% above peer median

03

Market leadership

RS 87 · Leader

High momentum (Outperforming 87% of market)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystEstimated earnings · Nov 4
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth accelerated to 23.7% year-over-year in 2026Q2, with gross margin expanding 840 basis points to 29.9% and operating margin reaching 19.6%, the highest in ten quarters, though net income was boosted by a tax benefit.

Analyst Consensus+25.4% target
Buy(14 analysts)
10 Buy4 Hold0 Sell

The Bull Case

Upside Catalysts

Specialty foundry leadership

Tower Semiconductor is an independent semiconductor foundry with a focus on analog and mixed-signal technologies, serving a global customer base.

Global market presence

The company operates internationally, providing semiconductor manufacturing services to diverse markets, enhancing its revenue potential.

Technology and process platforms

Tower Semiconductor offers advanced technology and process platforms for integrated circuits, positioning it as a key player in the semiconductor industry.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
TSEM+97.81%
S&P 500 (^GSPC)+12.66%
1-Year Return
TSEM+216.07%
S&P 500 (^GSPC)+15.01%
3-Year Return
TSEM+886.12%
S&P 500 (^GSPC)+79.47%
5-Year Return
TSEM+727.81%
S&P 500 (^GSPC)+86.99%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
124.1x
Forward P/EExpansion
61.9x
EV/EBITDA100th %ile
54.5x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
124.1x
27.8x
100th· High
EV/EBITDA
54.5x
10.2x
100th· High
Price/FCF
N/A
40.5x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$31.44-86.9%
Base (Fair)$199.52-17.1%
Bull$67.42-72.0%
$31.44 Bear$199.52 Base$67.42 Bull
Current Market Price: $240.81
Trades at a 20.7% premium to Base DCF ($199.52)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.57B+9.1% YoY
Net income
$220M+6.1% YoY
Free cash flow
-$41M-427.9% YoY
Operating margin
12.4%-0.9 pts YoY
ROIC (TTM)5.4%
Avg ROIC 5Y-
ROE (TTM)8%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate12/12 (100%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 4, 2026
$0.88+16.1%
vs $0.76
$460M+1.2%
vs $455M
Q2 2026
May 13, 2026
$0.65+15.5%
vs $0.56
$414M+0.7%
vs $411M
Q1 2026
Feb 11, 2026
$0.78+16.4%
vs $0.67
$440M+0.1%
vs $440M
Q4 2025
Nov 10, 2025
$0.55+1.3%
vs $0.54
$396M+0.2%
vs $395M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GuruFocus·1d ago
Tower Semiconductor Ltd (TSEM) Shares Surge 6.1% -- What GF Score of 78 Tells Investors

On October 01, 2026, Tower Semiconductor Ltd (TSEM) shares rose 6.1% to a current price of $241.30, experiencing significant price movements within the last yea

Defense World·4d ago
Tower Semiconductor Ltd. (NASDAQ:TSEM) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Tower Semiconductor Ltd. (NASDAQ: TSEM - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company.

Investors Business Daily·Sep 25, 2026
Chip Stocks Rise After Two-Day Skid. Tower Semiconductor Among Leaders.

Chip stocks rebounded on Friday after declining for two straight days. Tower Semiconductor was among the leaders.

Benzinga·Sep 25, 2026
This Tower Semiconductor Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

Filtered for Tower Semiconductor Ltd.More Headlines
04

Compare before deciding

Benchmark TSEM against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Tower Semiconductor Ltd. (TSEM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
TSEM logoTSEMTower Semiconductor Ltd.Current
$240.81$27.17B124.139.05%14.08%7.95%—
GFS logoGFSGLOBALFOUNDRIES Inc.
$50.17$27.53B31.550.61%10.32%6.05%—
UMC logoUMCUnited Microelectronics Corporation
$26.27$65.53B50.022.26%33.29%20.98%—
INTC logoINTCIntel Corp.
$119.33$601.9B-2025.98-0.47%-19.79%-9.58%—
ON logoONON Semiconductor Corporation
$84.89$33.04B292.72-15.35%10.17%8.35%—
WOLF logoWOLFWolfspeed Inc.
$35.28$18.27B-1.03-6.14%-159.3%-282.74%—

Compare TSEM vs Peers

Tower Semiconductor Ltd. (TSEM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GFS

Most directly comparable listed peer for TSEM.

Scale Benchmark

vs INTC

Larger-name benchmark to compare TSEM against a more recognizable public peer.

Peer Set

Compare Top 5

vs GFS, UMC, INTC, ON

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TSEM Frequently Asked Questions

Tower Semiconductor Ltd. (TSEM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Tower Semiconductor Ltd.'s revenue?

Tower Semiconductor Ltd. (TSEM) reported $1.71B in revenue for fiscal year 2025. This represents a 1646% increase from $97.9M in 1996.

How fast is Tower Semiconductor Ltd. growing?

Tower Semiconductor Ltd. (TSEM) grew revenue by 9.1% over the past year. This is steady growth.

Is TSEM profitable?

Yes, Tower Semiconductor Ltd. (TSEM) is profitable, generating $289.6M in net income for fiscal year 2025 (14.1% net margin).

Dividend & Returns
What is TSEM's return on equity?

Tower Semiconductor Ltd. (TSEM) has a return on equity (ROE) of 8.0%. This is below average, suggesting room for improvement.

What is Tower Semiconductor Ltd.'s free cash flow?

Tower Semiconductor Ltd. (TSEM) generated $304.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in TSEM back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →