NASDAQ$TSEM

Tower Semiconductor Ltd · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

TSEM Q4 2023 — $1.42B revenue

There can be no assurance, however, that actual results will not differ materially from our expectations or projections. Tower Semiconductor Ltd reported Q4 2023 results. Headline numbers extracted from the Form 20-F press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $1.42B.
  • Operating income: $38.5.
  • Gross profit: $24.8.

Headline financials

Total Revenue

$352M

Previous: $403M-12.8%
EPS (adj)

$0.55

Previous: $0.75-26.7%
Capital Expenditures

-$131M

Previous: $366M-135.6%
Free Cash Flow

-$10.9M

Previous: $163M-106.7%
Net Income

$53.8M

Previous: $71.4M-24.6%
Operating Income

$45.2M

Previous: $26.1M+73.0%
Gross Profit

$84.4M

Previous: $95.7M-11.8%
R&D Expense

$20.8M

No prior period

Revenue & EPS history

Tower · Revenue · Quarterly

$352M

Q4 2023-12.8%vs Q4 2022
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

+0.6%

Avg return

Earnings day

+1.3%

Avg return

5 days after

-0.1%

Avg return

30 days after

51%

29 / 57 earnings

Positive

+15.5%

Q1 2017

Best reaction

-15.8%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-1.6%-5.7%-8.7%
Q2 2025+14.2%+7.2%+3.6%
Q4 2024-3.5%-2.1%-21.1%
Q3 2024+7.4%+1.8%+6.1%
Q1 2024+7.2%+7.9%+8.9%
Q4 2023+14.8%+17.8%+8.2%
Q3 2023+8.8%+11.1%+22.3%
Q2 2023+3.8%+8.5%-17.6%
Q1 2023-0.2%+2.6%+1.7%
Q4 2022+0.6%+0.4%-1.5%
Q3 2022+5.3%+5.2%+12.5%
Q2 2022+0.4%+1.0%-2.5%
Q1 2022-0.2%-3.1%-0.6%
Q4 2021-0.7%-1.4%+2.3%
Q3 2021+4.3%+4.0%+9.4%
Q2 2021+5.9%+5.2%+4.5%
Q1 2021-6.5%-5.6%+0.0%
Q4 2020-4.5%-6.1%-12.4%
Q3 2020-0.3%+2.4%+10.5%
Q2 2020-7.7%-4.7%-14.2%
Q1 2020-0.3%-0.7%-1.2%
Q4 2019-7.7%-11.2%-41.7%
Q3 2019-1.9%-3.2%+3.7%
Q2 2019+6.8%+8.0%+0.9%
Q1 2019-0.4%-6.6%-12.2%
Q4 2018+13.8%+15.8%+4.9%
Q3 2018-15.8%-7.7%-11.6%
Q2 2018-12.8%-11.0%-9.8%
Q1 2018-12.4%-8.7%-5.4%
Q4 2017-10.8%-12.2%-15.7%
Q3 2017+2.2%+1.1%+0.8%
Q2 2017-4.6%-0.7%+16.7%
Q1 2017+15.5%+15.3%+18.2%
Q4 2016+0.4%+2.5%+4.6%
Q3 2016+5.6%+8.6%+14.8%
Q2 2016+11.0%+11.0%+16.7%
Q1 2016+1.0%
Q4 2015+2.7%
Q3 2015+4.6%
Q2 2015+9.3%
Q1 2015-2.4%
Q4 2014+14.7%
Q2 2014+3.1%
Q1 2014-0.2%
Q4 2013+7.4%
Q2 2013-5.8%
Q3 2013-5.8%
Q1 2013-4.1%
Q4 2012-9.8%
Q2 2012-5.9%
Q2 2011-5.9%
Q4 2010+3.1%
Q4 2009+3.1%
Q4 2011+3.1%
Q1 2012+0.0%
Q3 2010-9.4%
Q2 2010-4.3%

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