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Tower Semiconductor Reports 2024 Fourth Quarter and Full Year Financial Results [Yahoo! Finance]

Tower Semiconductor Ltd. - Ordinary Shares (TSEM) 
Last tower semiconductor ltd. - ordinary shares earnings: 2/18 04:06 am Check Earnings Report
US:NASDAQ Investor Relations: ir.towerjazz.com
Company Research Source: Yahoo! Finance
19 min read In This Article TSEM Tower Semiconductor MIGDAL HAEMEK, Israel, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the fourth quarter of 2024 and for the year ended December 31, 2024. Fourth Quarter of 2024 Results Overview Revenues for the fourth quarter of 2024 were $387 million as compared to $371 million for the third quarter of 2024 and $352 million for the fourth quarter of 2023, representing 5% quarter over quarter growth and 10% year over year growth. The Company met its expressed target of sequential quarter over quarter revenue growth within 2024, resulting in 18% growth fourth quarter over first quarter. Gross profit for the fourth quarter of 2024 was $87 million, compared to $84 million for the fourth quarter of 2023. During the fourth quarter of 2024, the Company took on for the first time its portion of incremental costs of the greenfield Agrate facility. Operating profit for the fo Show less Read more
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