Tower Semiconductor Ltd. · NASDAQ:TSEM
Tower Semiconductor — Q2 2026 Earnings Presentation
11 slides from Tower Semiconductor's earnings presentation, Aug 4, 2026
Slide 1: Second Quarter 2026 Financial Results Conference Call
Second Quarter 2026 Financial Results Conference Call Supporting Slides August 4, 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: Second Quarter 2026 Financial Results Highlights and Third Quarter 2026 Outlook
Second Quarter 2026 Financial Results Highlights and Third Quarter 2026 Outlook 550 Q2 2026 revenue: $460 million | Q2 2026 Net profit: $91 million $520M * 500 • Q3 2026 revenue guidance of $520 million, +/- 5%. Mid-range guidance represents growth of 13% 450 $460M quarter-over-quarter and 31% year-
Slide 4: 2028 Target Business Model ($M)
2028 Target Business Model ($M) Incremental Updated FY Feb’ 2026 vs. Feb’ 2026 Model Aug’ 2026 2025 Model $M of % of Model Increase Incremental Revenue Revenue 1,566 2,840 1.3X 3,600 760 Gross Profit 364 1,120 1.5X 1,630 510 67% Operating Profit 194 900 1.5X 1,380 480 63% Net Profit 220 750 1.6X 1,2
Slide 5: 2028 Target Business Model ($M)
2028 Target Business Model ($M) Revenue 3,600 Cost of Revenue 1,970 Gross Profit 1,630 Gross Margin 45.3% Op-Ex 250 Operating Profit 1,380 Operating Margin 38.3% Net Profit 1,200 Net Profit Margin 33.3% 5
Slide 6: Q2 Year-over-Year Revenue Breakdown by Technology
Q2 Year-over-Year Revenue Breakdown by Technology Second Quarter 2026 $460 Million Revenue Second Quarter 2025 $372 Million Revenue MS/ CMOS/ Sensors & Misc. Discrete Displays 4% 9% 12% MS/ CMOS/ Sensors & Misc. Displays Power 9% 15% Discrete 14% 11% RF Infrastructure RF Infrastructure RF Mobile Pow
Slide 7: Balance Sheet ($ in million)
Balance Sheet ($ in million) June 30, December 31, 2026 2025 ASSETS Cash and cash equivalents 231 235 Short-term deposits 1,250 917 Trade accounts receivable 203 223 Inventories 244 257 Other current assets 57 78 Total current assets 1,985 1,710 Property and equipment, net 1,650 1,463 Other long-ter
Slide 8: Q2'26 P&L vs. Q1'26 P&L (in thousands of $)
Q2‘26 P&L vs. Q1’26 P&L Three Months ended June 30, March 31, (in thousands of $) 2026 2026 REVENUE 460,079 413,631 COST OF REVENUE 322,307 302,680 GROSS PROFIT 137,772 110,951 Research and development 23,569 23,530 Marketing, general and administrative 23,913 22,856 OPERATING PROFIT 90,290 64,565 F
Slide 9: Q2'26 P&L vs. Q2'25 P&L (in thousands of $)
Q2‘26 P&L vs. Q2’25 P&L Three Months ended June 30, June 30, (in thousands of $) 2026 2025 REVENUE 460,079 372,061 COST OF REVENUE 322,307 292,035 GROSS PROFIT 137,772 80,026 Research and development 23,569 19,418 Marketing, general and administrative 23,913 20,743 OPERATING PROFIT 90,290 39,865 Fin
Slide 10: H1'26 P&L vs. H1'25 P&L (in thousands of $)
H1‘26 P&L vs. H1’25 P&L Six months ended June 30, (in thousands of $) 2026 2025 REVENUE 873,710 730,231 COST OF REVENUE 624,987 577,034 GROSS PROFIT 248,723 153,197 Research and development 47,099 39,590 Marketing, general and administrative 46,769 40,844 OPERATING PROFIT 154,855 72,763 Financing an
Slide 11: Thank You
Thank You Contact: Liat Avraham, Investor Relations Email: liatavra@towersemi.com