Oren Shirazi on customer commitments
From $TSEM Tower Semiconductor Q4 2025 Earnings Conference Call · · EARNMOAR
“Over 70% of the total CIFO capacity is either presently reserved or in the process of being reserved through 2028, firmly backed with customer prepayment for the fourth quarter.”
On , Oren Shirazi, CFO & SVP of Finance at Tower Semiconductor, spoke about customer commitments during $TSEM Tower Semiconductor Q4 2025 Earnings Conference Call on EARNMOAR.
About Oren Shirazi
During Tower Semiconductor’s fourth quarter and full year 2025 earnings conference call on February 11, 2026, Oren Shirazi reported that the company achieved quarter-over-quarter revenue increases throughout 2025, culminating in record fourth-quarter revenue of $440 million, a 14% year-over-year increase. Full-year 2025 revenue was $1.57 billion, up 9% from 2024, with gross profit of $364 million and operating profit of $195 million. Shirazi announced an additional $270 million in cash allocated to capacity and equipment for silicon photonics and 5G, bringing total planned capital expenditures to $920 million. Shirazi outlined a financial model targeting $2.84 billion in annual revenue, representing an 81% increase over 2025 actuals, with projected gross profit of $1.12 billion (40% gross margin), operating profit of $900 million (32% operating margin), and net profit of $750 million (26% net margin). He described this as a three-year revenue compound annual growth rate of 22% and a net profit growth rate of 50.5%. Regarding currency exposure, Shirazi noted that the majority of Tower’s Japanese subsidiary costs are in yen, providing a natural hedge, and that the company uses zero-cost cylinder transactions to mitigate remaining yen fluctuations, limiting margin impact.