Tower Semiconductor Full Year 2024 Earnings: EPS Beats Expectations

Tower Semiconductor (NASDAQ:TSEM) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.44b (flat on FY 2023).
• Net income: US$207.9m (down 60% from FY 2023).
• Profit margin: 14% (down from 36% in FY 2023).
• EPS: US$1.87 (down from US$4.70 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tower Semiconductor EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.5%.

Looking ahead, revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 4.9% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Tower Semiconductor.

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