AAPL
Apple Inc.
AAPL has slightly lower modeled downside risk, despite its lower overall score.
TSEM
Tower Semiconductor Ltd.
TSEM has the edge over AAPL overall, supported by stronger modeled upside and stronger fundamentals.
AAPL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
AAPL's revenue, profitability, cash flow and balance sheet are all currently healthy.
TSEM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
TSEM's revenue, profitability, cash flow and balance sheet are all currently healthy.
AAPL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 26x | $230 | -35% |
| Fair | 31x | $279 | -21% |
| Expensive | 37x | $328 | -7.5% |
| Forward | 38x | $355 | — |
| Current | 40x | $355 | — |
Historical ranges are pointers, not guarantees.
AAPL has the edge over TSEM in the historical PE scenario, which offers more potential upside but is not a forecast.
TSEM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $27.61 | -83% |
| Forward | 25x | $158 | — |
| Fair | 26x | $66.20 | -58% |
| Expensive | 42x | $106 | -33% |
| Current | 62x | $158 | — |
Historical ranges are pointers, not guarantees.
TSEM's PE is in its expensive range at 62x. If earnings grow as analysts expect, today's price would be 25x next year's earnings, in its fair range.
AAPL Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AAPL, but weaker profitability.
TSEM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
TSEM has the edge over AAPL on the outlook, with more favorable valuation and profitability expectations.
AAPL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.28 | +3.3% |
| Q3 2026 | $8.98 | +20% |
| Q2 2026 | $8.71 | +32% |
| Q1 2026 | $8.26 | +29% |
| Q4 2025 | $7.90 | +25% |
| Q3 2025 | $7.46 | +23% |
| Q2 2025 | $6.59 | +0.2% |
| Q1 2025 | $6.42 | -0.3% |
| Q4 2024 | $6.30 | -2% |
AAPL has the edge over TSEM on earnings, with more consistent year-over-year improvement.
TSEM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.34 | +151% |
| Q2 2026 | $2.53 | +45% |
| Q1 2026 | $2.15 | +19% |
| Q4 2025 | $1.93 | +3.8% |
| Q3 2025 | $1.72 | -7% |
| Q2 2025 | $1.74 | -61% |
| Q1 2025 | $1.81 | -59% |
| Q4 2024 | $1.86 | -60% |
| Q3 2024 | $1.85 | -62% |
TSEM's earnings per share have fallen from their peak: $2.53 over the past year, against $4.92 in late 2023.
AAPL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $114.5B | +12% |
| Q2 2026 | $109.4B | +16% |
| Q1 2026 | $111.2B | +17% |
| Q4 2025 | $143.8B | +16% |
| Q3 2025 | $102.5B | +7.9% |
| Q2 2025 | $94B | +9.6% |
| Q1 2025 | $95.4B | +5.1% |
| Q4 2024 | $124.3B | +4% |
AAPL has the edge over TSEM on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 31% | -0.5 points |
| Q2 2026 | 33% | +2.6 points |
| Q1 2026 | 32% | +1.3 points |
| Q4 2025 | 35% | +0.9 points |
| Q3 2025 | 32% | +0.5 points |
| Q2 2025 | 30% | +0.4 points |
| Q1 2025 | 31% | +0.3 points |
| Q4 2024 | 34% | +0.7 points |
AAPL has the edge over TSEM on profitability, with a higher operating margin.
TSEM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $460.1M | +24% |
| Q1 2026 | $413.6M | +15% |
| Q4 2025 | $440.2M | +14% |
| Q3 2025 | $395.7M | +6.8% |
| Q2 2025 | $372.1M | +5.9% |
| Q1 2025 | $358.2M | +9.5% |
| Q4 2024 | $387.2M | +10% |
| Q3 2024 | $370.5M | +3.4% |
TSEM's revenue has grown year over year for eight quarters in a row: $460M last quarter, up 24% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 20% | +8.9 points |
| Q1 2026 | 16% | +6.4 points |
| Q4 2025 | 16% | +4.1 points |
| Q3 2025 | 13% | -2.3 points |
| Q2 2025 | 11% | -5 points |
| Q1 2025 | 9.2% | -1.2 points |
| Q4 2024 | 12% | -0.8 points |
| Q3 2024 | 15% | -86 points |
TSEM's operating margin was 20% last quarter, up 8.9 points from the same quarter a year ago.
AAPL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $25.9B | -2.4% |
| Q2 2026 | $31.9B | +31% |
| Q1 2026 | $26.7B | +28% |
| Q4 2025 | $51.6B | +91% |
| Q3 2025 | $26.5B | +11% |
| Q2 2025 | $24.4B | -8.6% |
| Q1 2025 | $20.9B | +0.9% |
| Q4 2024 | $27B | -28% |
AAPL has the edge over TSEM on cash flow, with more consistent year-over-year improvement.
TSEM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$9.6M | -181% |
| Q1 2026 | $353.6M | +$371.1M |
| Q4 2025 | -$75.3M | -2680% |
| Q3 2025 | $35.9M | +$38.8M |
| Q2 2025 | $11.9M | +2436% |
| Q1 2025 | -$17.5M | -245% |
| Q4 2024 | $2.9M | +$25.6M |
| Q3 2024 | -$2.9M | -101% |
TSEM's free cash flow has turned positive again: $305M over the past year, against −$6M the year before.
AAPL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +5.6M shares |
| 1 year | -1.9% | -284M shares |
| 3 years | -6.9% | -1.1B shares |
| 5 years | -13% | -2.1B shares |
| Available history | -17% | -3.1B shares |
AAPL has the edge over TSEM on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $24.3B |
| Q2 2026 | $25.1B |
| Q1 2026 | $12.3B |
| Q4 2025 | $24.7B |
| Q3 2025 | $20.1B |
| Q2 2025 | $21.1B |
| Q1 2025 | $25.9B |
| Q4 2024 | $23.6B |
AAPL spent $86.4B buying back its own shares over the past year, down 4.8% from the year before.
TSEM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +85K shares |
| 1 year | +1% | +1.1M shares |
| 3 years | +2.9% | +3.2M shares |
| 5 years | +4.4% | +4.8M shares |
| Available history | +6.3% | +6.8M shares |
TSEM has 114M diluted shares, up 1% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
TSEM hasn't bought back shares in the past year.
AAPL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.3x | Very low |
| Q2 2026 | 0.3x | Very low |
| Q1 2026 | 0.2x | Very low |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.5x | Very low |
AAPL's net debt is less than a year of its operating earnings (EBITDA).
TSEM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.1x | Net Cash |
| Q1 2026 | -0.2x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.2x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | -0.2x | Net Cash |
| Q4 2024 | -0.2x | Net Cash |
| Q3 2024 | -0.1x | Net Cash |
TSEM has the edge over AAPL on leverage, with a lower net debt burden relative to earnings.
AAPL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.1 | Neutral |
| Stochastic | 85.0 | Overbought |
AAPL's weekly RSI is 68 (neutral) and its Stochastic is 85 (overbought).
TSEM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.7 | Neutral |
| Stochastic | 9.7 | Oversold |
TSEM's weekly RSI is 41 (neutral) and its Stochastic is 10 (oversold).
AAPL PE vs Technology Sector
| Metric | AAPL | Sector median | Relative |
|---|---|---|---|
| PE | 40x | 28x | 42% above |
| PE % | 96 | 35 | 61 pts above |
AAPL has the edge over TSEM on valuation relative to its sector.
TSEM PE vs Technology Sector
| Metric | TSEM | Sector median | Relative |
|---|---|---|---|
| PE | 62x | 28x | 124% above |
| PE % | 87 | 35 | 52 pts above |
TSEM is trading at 62x earnings, a 124% premium to the Technology sector's median of 28x.
AAPL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $343.1 | 3.4% above |
| 20 week MA | $329.0 | 7.9% above |
| 50 week MA | $295.6 | 20% above |
| 100 week MA | $262.4 | 35% above |
| 200 week MA | $226.3 | 57% above |
AAPL has the edge over TSEM on trend strength, trading above more of its moving averages.
TSEM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $190.6 | 17% below |
| 20 week MA | $213.0 | 26% below |
| 50 week MA | $191.3 | 17% below |
| 100 week MA | $122.3 | 29% above |
| 200 week MA | $79.4 | 99% above |
TSEM has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 99% above its 200-week average.
AAPL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $72.5 | $132.0 | +82% |
| 2021 | $132.0 | $176.3 | +34% |
| 2022 | $176.3 | $131.9 | -25% |
| 2023 | $131.9 | $192.5 | +46% |
| 2024 | $192.5 | $255.6 | +33% |
| 2025 | $255.6 | $273.4 | +7% |
| 2026 YTD | $273.4 | $354.9 | +30% |
AAPL has finished higher in five of the last six years. It's up 30% so far in 2026.
TSEM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $24.3 | $25.4 | +4.7% |
| 2021 | $25.4 | $38.4 | +51% |
| 2022 | $38.4 | $43.9 | +14% |
| 2023 | $43.9 | $30.5 | -31% |
| 2024 | $30.5 | $52.1 | +71% |
| 2025 | $52.1 | $121.6 | +134% |
| 2026 YTD | $121.6 | $157.9 | +30% |
TSEM has the edge over AAPL on returns for 2026, with the stronger performance.