Slide 1: First Quarter 2026 Financial Results Conference Call
First Quarter 2026 Financial Results Conference Call Supporting Slides May 13, 2026
Slide 2: Safe Harbor
This presentation contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Safe Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and a
Slide 3: First Quarter 2026 Financial Results Highlights and Second Quarter 2026 Outlook
First Quarter 2026 Financial Results Highlights and Second Quarter 2026 Outlook • Q1 2026 revenue: $414 million • Q2 2026 revenue guidance of • Q1 2026 Net profit: $65 million $455M * $455 million, +/- 5%, represents growth of 10% quarter-over-quarter and $414M 22% year-over-year. $372M • Strongly r
Slide 4: Q1 Year-over-Year Revenue Breakdown by Technology
Q1 Year-over-Year Revenue Breakdown by Technology First Quarter 2026 $414 Million Revenue First Quarter 2025 $358 Million Revenue MS/ CMOS/ Sensors & Discrete Misc. 4% Displays 10% MS/ CMOS/ 15% Misc. Sensors & 8% Displays 17% Discrete Power 16% 17% RF RF Infrastructure Infrastructure 22% 38% Power
Slide 5: Balance Sheet
Balance Sheet ($ in million) March 31, December 31, 2026 2025 ASSETS Cash and cash equivalents 243 235 Short-term deposits 1,255 917 Trade accounts receivable 214 223 Inventories 255 257 Other current assets 62 78 Total current assets 2,029 1,710 Property and equipment, net 1,530 1,462 Other long-te
Slide 6: Q1'26 P&L vs. Q4'25 and Q1'25 P&L
Q1’26 P&L vs. Q4’25 and Q1’25 P&L Three Months ended (in thousands of $) March 31, December 31, March 31, 2026 2025 2025 REVENUE 413,631 440,206 358,170 COST OF REVENUES 302,680 322,594 284,999 GROSS PROFIT 110,951 117,612 73,171 Research and development 23,530 24,850 20,172 Marketing, general and a
Slide 7: Estimated Financial Model
Estimated Financial Model ($M) Built-out Incremental FY 2025 capacity $M of % of Incremental @85% utilization* Increase Revenue Revenue 1,566 1.8X 2,840 1,274 Gross Profit 364 3.1X 1,120 756 59% Operating Profit 194 4.6X 900 706 55% Net Profit 220 3.4X 750 530 42% * Including revenue and margins fro
Slide 8: Estimated Financial Model P&L
Estimated Financial Model P&L - $M Revenue 2,840 Cost of Revenue 1,720 Gross Profit 1,120 Gross Margin 39.4% Op-Ex 220 Operating Profit 900 Operating Margin 31.7% Net Profit 750 Net Profit Margin 26.4% 8
Slide 9: Thank You
Thank You Contact: Liat Avraham, Investor Relations Email: liatavra@towersemi.com