TXN

MKT CAP:$252B

Texas Instruments Incorporated

Market Cap

$252B

Technology·Semiconductors·🇺🇸 United States·NASDAQ

Technology·Semiconductors·🇺🇸·NASDAQ

Stock Price

$277.36+$99.84 (+56.24%)

Apr 24, 2026

Company Details

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to ma...

CEO

Haviv Ilan

IPO Date

Jun 1, 1972

Website

www.ti.com

Key Metrics TTM

Revenue

$18.4B

+14.9% YoY

Net Income

$5.4B

EPS (Diluted)

$5.85

Free Cash Flow

$3.7B

Revenue / Share

$20.17

Gross Margin

57.3%

Operating Margin

35.3%

Net Margin

29.1%

FCF Margin

20.2%

P/S

13.7x

P/E

47.0x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$4.8B+18.6%EPS $1.69

FY 2025

Feb 6, 2026

$17.7B+13.0%EPS $5.45

Q4 2025

Feb 6, 2026

$4.4B+10.4%EPS $1.27

Q3 2025

Oct 23, 2025

$4.7B+14.2%EPS $1.48

Q2 2025

Jul 29, 2025

$4.4B+16.4%EPS $1.41

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$5.2B	$3.6B	$2.7B
Q3 22	$5.2B	$3.6B	$2.7B
Q4 22	$4.7B	$3.1B	$2.2B
Q1 23	$4.4B	$2.9B	$1.9B
Q2 23	$4.5B	$2.9B	$2.0B
Q3 23	$4.5B	$2.8B	$1.9B
Q4 23	$4.1B	$2.4B	$1.5B
Q1 24	$3.7B	$2.1B	$1.3B
Q2 24	$3.8B	$2.2B	$1.2B
Q3 24	$4.2B	$2.5B	$1.6B
Q4 24	$4.0B	$2.3B	$1.4B
Q1 25	$4.1B	$2.3B	$1.3B
Q2 25	$4.4B	$2.6B	$1.6B
Q3 25	$4.7B	$2.7B	$1.7B
Q4 25	$4.4B	$2.5B	$1.5B
Q1 26	$4.8B	$2.8B	$1.8B

Valuation

Quarter	P/S	P/E
Q2 22	7.3x	16.7x
Q3 22	7.2x	16.2x
Q4 22	8.0x	18.3x
Q1 23	8.6x	20.3x
Q2 23	8.7x	21.2x
Q3 23	8.0x	20.5x
Q4 23	8.8x	23.6x
Q1 24	9.4x	26.7x
Q2 24	11.0x	33.4x
Q3 24	12.0x	37.9x
Q4 24	11.0x	35.7x
Q1 25	10.2x	33.5x
Q2 25	11.3x	37.4x
Q3 25	9.6x	33.0x
Q4 25	9.0x	31.9x
Q1 26	9.2x	31.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$1.8B	$1.2B
Q3 22	$2.8B	$2.0B
Q4 22	$2.0B	$1.1B
Q1 23	$1.2B	$178M
Q2 23	$1.4B	-$47M
Q3 23	$1.9B	$442M
Q4 23	$1.9B	$776M
Q1 24	$1.0B	-$231M
Q2 24	$1.6B	$507M
Q3 24	$1.7B	$416M
Q4 24	$2.0B	$806M
Q1 25	$849M	-$274M
Q2 25	$1.9B	$555M
Q3 25	$2.2B	$993M
Q4 25	$2.3B	$1.3B
Q1 26	$1.5B	$844M

Capital Expenditures

Quarter	CapEx
Q2 22	$597M
Q3 22	$790M
Q4 22	$967M
Q1 23	$982M
Q2 23	$1.4B
Q3 23	$1.5B
Q4 23	$1.1B
Q1 24	$1.2B
Q2 24	$1.1B
Q3 24	$1.3B
Q4 24	$1.2B
Q1 25	$1.1B
Q2 25	$1.3B
Q3 25	$1.2B
Q4 25	$925M
Q1 26	$676M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+13.8%	+5.2%
Q3 22	+12.9%	+9.6%
Q4 22	-3.4%	+7.1%
Q1 23	-10.7%	+4.4%
Q2 23	-13.1%	+2.8%
Q3 23	-13.5%	+3.0%
Q4 23	-12.7%	+2.0%
Q1 24	-16.4%	-2.9%
Q2 24	-15.6%	+0.6%
Q3 24	-8.4%	-1.6%
Q4 24	-1.7%	+3.4%
Q1 25	+11.1%	+15.6%
Q2 25	+16.4%	+12.1%
Q3 25	+14.2%	+18.6%
Q4 25	+10.4%	+12.2%
Q1 26	+18.6%	+9.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$85M	1.6%
Q3 22	$68M	1.3%
Q4 22	$62M	1.3%
Q1 23	$104M	2.4%
Q2 23	$111M	2.4%
Q3 23	$79M	1.7%
Q4 23	$68M	1.7%
Q1 24	$106M	2.9%
Q2 24	$116M	3.0%
Q3 24	$87M	2.1%
Q4 24	$78M	1.9%
Q1 25	$116M	2.9%
Q2 25	$0	0.0%
Q3 25	$93M	2.0%
Q4 25	$210M	4.7%
Q1 26	$109M	2.3%

OpEx Breakdown

Quarter	R&D	SG&A
Q2 22	$414M	$422M
Q3 22	$431M	$431M
Q4 22	$434M	$429M
Q1 23	$455M	$474M
Q2 23	$477M	$461M
Q3 23	$471M	$452M
Q4 23	$460M	$438M
Q1 24	$478M	$455M
Q2 24	$498M	$465M
Q3 24	$492M	$428M
Q4 24	$491M	$446M
Q1 25	$517M	$472M
Q2 25	$527M	$485M
Q3 25	$518M	$457M
Q4 25	$521M	$446M
Q1 26	$510M	$464M

Revenue Segments

Quarter	All Other Segments	Analog	Embedded Processing
Q2 22	$399M	$4.0B	$821M
Q3 22	$427M	$4.0B	$821M
Q4 22	$275M	$3.6B	$837M
Q1 23	$258M	$3.3B	$832M
Q2 23	$359M	$3.3B	$894M
Q3 23	$289M	$3.4B	$890M
Q4 23	$205M	$3.1B	$752M
Q1 24	$173M	$2.8B	$652M

Revenue by Geography

Quarter	Asia	Emea	Japan	Rest Of World	United States	China	Rest of Asia
Q2 22	$3.4B	$822M	$276M	$142M	$577M	—	—
Q3 22	$3.1B	$942M	$310M	$160M	$694M	—	—
Q1 23	—	$1.3B	$438M	$44M	$1.4B	$876M	$394M
Q2 23	—	$1.2B	$480M	$57M	$1.5B	$872M	$435M
Q3 23	—	$1.2B	$455M	$96M	$1.5B	$813M	$434M
Q1 24	—	$955M	$330M	$64M	$1.3B	$623M	$401M
Q2 24	—	$898M	$292M	$62M	$1.4B	$745M	$417M
Q3 24	—	$880M	$313M	$65M	$1.6B	$823M	$431M
Q1 25	—	$936M	$275M	$76M	$1.5B	$826M	$438M
Q2 25	—	$891M	$295M	$83M	$1.7B	$985M	$487M
Q3 25	—	$972M	$313M	$74M	$1.9B	$1.0B	$505M
Q4 25	—	$948M	$290M	$98M	$1.7B	$951M	$457M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$3.8B	$4.6B	$8.4B
Q3 22	$3.2B	$5.9B	$9.1B
Q4 22	$3.0B	$6.0B	$9.1B
Q1 23	$4.5B	$5.1B	$9.5B
Q2 23	$3.4B	$6.1B	$9.6B
Q3 23	$2.6B	$6.4B	$8.9B
Q4 23	$3.0B	$5.6B	$8.6B
Q1 24	$2.5B	$7.9B	$10.4B
Q2 24	$2.7B	$6.9B	$9.7B
Q3 24	$2.6B	$6.2B	$8.8B
Q4 24	$3.2B	$4.4B	$7.6B
Q1 25	$2.8B	$2.2B	$5.0B
Q2 25	$3.0B	$2.3B	$5.4B
Q3 25	$3.3B	$1.9B	$5.2B
Q4 25	$3.2B	$1.7B	$4.9B
Q1 26	$3.5B	$1.6B	$5.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	930M	-0.4%	-0.7%
Q3 22	923M	-0.8%	-1.4%
Q4 22	916M	-0.8%	-2.1%
Q1 23	916M	0.0%	-1.9%
Q2 23	916M	0.0%	-1.5%
Q3 23	916M	0.0%	-0.8%
Q4 23	915M	-0.1%	-0.1%
Q1 24	917M	+0.2%	+0.1%
Q2 24	919M	+0.2%	+0.3%
Q3 24	920M	+0.1%	+0.4%
Q4 24	919M	-0.1%	+0.4%
Q1 25	916M	-0.3%	-0.1%
Q2 25	912M	-0.4%	-0.8%
Q3 25	914M	+0.2%	-0.7%
Q4 25	913M	-0.1%	-0.7%
Q1 26	914M	+0.1%	-0.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$168.1K	31K
Q3 22	$169.1K	31K
Q4 22	$141.5K	33K
Q1 23	$132.7K	33K
Q2 23	$137.3K	33K
Q3 23	$137.3K	33K
Q4 23	$119.9K	34K
Q1 24	$107.7K	34K
Q2 24	$112.4K	34K
Q3 24	$122.1K	34K
Q4 24	$117.9K	34K
Q1 25	$119.7K	34K
Q2 25	$130.8K	34K
Q3 25	$139.5K	34K
Q4 25	$134.0K	33K
Q1 26	$146.2K	33K

Revenue / Employee