Logo

TXN

Texas Instruments Incorporated

TXN

Texas Instruments Incorporated • NASDAQ
$168.15 ▲ 1.69% (+2.80)
Market Cap $152.78 B
52w High $221.69
52w Low $139.95
Dividend Yield 5.50%
P/E 30.63
Volume 4.02M
Outstanding Shares 908.62M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $4.742B ▲ $1.06B ▲ $1.364B ▲ 28.764% ▼ $1.5 ▲ $2.242B ▲
Q2-2025 $4.448B ▲ $1.012B ▲ $1.295B ▲ 29.114% ▲ $1.42 ▲ $2.092B ▲
Q1-2025 $4.069B ▲ $989M ▲ $1.179B ▼ 28.975% ▼ $1.29 ▼ $1.848B ▼
Q4-2024 $4.007B ▼ $937M ▲ $1.205B ▼ 30.072% ▼ $1.32 ▼ $1.924B ▼
Q3-2024 $4.151B $920M $1.362B 32.811% $1.48 $2.087B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $5.186B ▼ $35.004B ▲ $18.377B ▼ $16.627B ▲
Q2-2025 $5.359B ▲ $34.933B ▲ $18.53B ▲ $16.403B ▼
Q1-2025 $5.005B ▼ $33.757B ▼ $17.351B ▼ $16.406B ▼
Q4-2024 $7.58B ▼ $35.509B ▲ $18.606B ▲ $16.903B ▼
Q3-2024 $8.752B $35.321B $18.053B $17.268B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.364B ▲ $2.19B ▲ $-681M ▲ $-1.242B ▼ $267M ▼ $993M ▲
Q2-2025 $1.295B ▲ $1.86B ▲ $-1.335B ▼ $-244M ▲ $281M ▲ $555M ▲
Q1-2025 $1.179B ▼ $849M ▼ $1.253B ▲ $-2.539B ▼ $-437M ▼ $-274M ▼
Q4-2024 $1.205B ▼ $1.998B ▲ $614M ▲ $-2.001B ▼ $611M ▲ $806M ▲
Q3-2024 $1.355B $1.732B $-487M $-1.396B $-151M $416M

Revenue by Products

Product Q1-2024Q2-2024Q3-2024Q4-2024
Analog
Analog
 $2.84Bn ▲$2.93Bn ▲$3.22Bn ▲$3.17Bn ▼
Embedded Processing
Embedded Processing
 $650.00M ▲$610.00M ▼$650.00M ▲$610.00M ▼
All Other Segments
All Other Segments
 $170.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Texas Instruments’ revenue has come down from its recent peak, reflecting a softer semiconductor cycle and slower demand, especially after a strong run earlier in the decade. Even with this slowdown, the company still earns healthy profit margins by industry standards, although profitability is notably lower than at its recent high point. The overall picture is of a very profitable business going through a down part of the cycle, rather than a structurally weak one, but with less earnings power in the near term than a couple of years ago.

Balance Sheet

Balance Sheet The balance sheet shows a company investing heavily for the future: total assets have grown as Texas Instruments builds out manufacturing capacity and other long‑term assets. Debt has risen steadily, which means leverage is higher than in the past, but equity has also increased, so the capital structure still looks balanced rather than stretched. Cash on hand is moderate rather than abundant, suggesting management is comfortable running with a more efficient, but somewhat less cushioned, balance sheet while it funds expansion. Overall, it looks like a solid but more capital-intensive profile than earlier in the decade.

Cash Flow

Cash Flow Operating cash flow remains strong, indicating the core business still converts earnings into cash reliably, even in a weaker demand environment. Free cash flow has fallen sharply compared with earlier years because capital spending has surged as the company builds and upgrades fabs and other facilities. This means less surplus cash available in the short term for dividends, buybacks, or debt reduction, but it also signals a deliberate choice to prioritize long‑term capacity and cost advantages. The key trade‑off is near‑term cash pressure versus potential future manufacturing and margin benefits.

Competitive Edge

Competitive Edge Texas Instruments holds a very strong position in analog and embedded semiconductors, with an exceptionally broad product catalog and deep exposure to industrial and automotive customers. Its heavy use of in‑house, large‑wafer manufacturing creates a structural cost advantage and more control over supply compared with peers that rely more on outside foundries. Long product lifecycles, sticky customer relationships, and a direct sales model further reinforce its moat and make revenue more durable over time. The main competitive risks are intense rivalry from other analog specialists and the usual cyclicality of semiconductor demand, but TI starts from a position of clear strength.

Innovation and R&D

Innovation and R&D The company has a long history of important innovations and continues to focus its R&D on practical, defensible areas like analog, embedded processing, and power electronics rather than chasing every trend. Current efforts around Gallium Nitride power devices, edge AI processors, advanced automotive radar and audio, and expansion of 300mm manufacturing are all aimed at strengthening its role in fast‑growing, high‑reliability markets. TI also differentiates itself by providing system‑level tools, software, and reference designs that make it easier for customers to design in its chips, which helps lock in future demand. Overall, R&D is being used to deepen existing strengths and cost advantages more than to radically change the business model.

Summary

Texas Instruments today looks like a mature, highly profitable analog and embedded chip leader that is in the middle of an investment-heavy phase and a down part of the semiconductor cycle. Revenues and earnings have pulled back from recent highs, but margins remain healthy, and cash generation from operations is still strong. Management is clearly prioritizing long‑term manufacturing scale and cost leadership, accepting higher capital spending, more debt, and lower free cash flow for now. The main opportunities lie in industrial and automotive growth, new power and AI applications, and leveraging its manufacturing edge, while key risks center on cyclical demand swings, ongoing high capital needs, and intense competition in analog semiconductors.

NEWS

November 14, 2025 · 11:13 AM UTC

TI CEO Haviv Ilan to speak at UBS investor conference

Read more

October 21, 2025 · 4:01 PM UTC

TI reports third quarter 2025 financial results and shareholder returns

Read more

October 16, 2025 · 4:28 PM UTC

Texas Instruments board declares fourth quarter 2025 quarterly dividend

Read more

October 16, 2025 · 4:01 PM UTC

TI names President and CEO Haviv Ilan as chairman of the board

Read more

October 1, 2025 · 11:32 AM UTC

Texas Instruments to webcast Q3 2025 earnings conference call

Read more