Tower Semiconductor Ltd. (TSEM) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you everyone for joining us today. Welcome to Tower Semiconductor's fourth quarter and full year 2025 financial results conference call. With us today are Mr. Russell Elwanger, our chief executive officer, and Mr. Oren Shirazi, our chief financial officer. Before we begin, please note that certain statements made during today's call may be forward-looking and subject to risks and uncertainties that could cause actual results to differ materially. These risks are detailed in our SEC filings, Form 20F and 6K, as well as filings with the Israeli Securities Authority, all available on our website. Tower assumes no obligation to update any such forward-looking statements. Our fourth quarter and full year 2025 results are prepared in accordance with U.S. GAAP. Some data presented may include non-GAAP financial measures, as defined under SEC Regulation G. Reconciliations to gap figures and full explanations are provided in today's press release and financial tables. For your reference, a supporting slide deck is available on our website and integrated into this webcast. With that, I'd like to turn the call over to our CEO, Mr. Russell Elwanger. Russell? Thank you, Noe. Hello, everybody. Thank you for joining our call today. Very pleased to share our results for the fourth quarter and full year of 2025. Additionally, we are extremely excited to present how these results have redefined our financial milestones and accelerated the timeline for achievement of the same. The updated financial model, which we will present, is the result of already strong partnerships with our lead customers, having grown into deeply trust rooted supplier customer partnership technical alliances. We ended our fourth quarter of 2025 with a company revenue of $440 million and 11% q...