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Tower Semiconductor achieved a 9% year-over-year revenue growth in Q1 2025, while maintaining gross profit levels. Net income decreased due to a prior year tax benefit, but operational performance remained consistent.
Tower Semiconductor reported Q4 2024 revenues of $387 million, marking a 10% YoY increase. Net profit was $55 million, with a basic EPS of $0.49. Operating profit reached $46 million, while free cash flow was $8 million after investments in property and equipment. The company maintained its target of sequential revenue growth and expects further expansion in 2025.