TXN Q3 2025 Earnings Report — Texas Instruments Incorporated Revenue & Financial Results | Market Cap Arena

Texas Instruments IncorporatedTXN

Q3 2025 Earnings

Reported October 23, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2025	Q2 2025	Q3 2024	QoQ Change	YoY Change
Revenue	$4.7B	$4.4B	$4.2B	6.6%	14.2%
Op. Income	$1.7B	$1.6B	$1.6B	6.4%	7.0%
Gross Margin	57.4%	57.9%	59.6%	-0.5pp	-2.2pp
Net Margin	28.8%	29.1%	32.8%	-0.3pp	-4.0pp
EPS (Diluted)	$1.48	$1.41	$1.47	5.0%	0.7%
Free Cash Flow	$993M	$555M	$416M	78.9%	138.7%

Revenue Flow

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$2.0B
GROSS PROFIT	$2.7B
R&D Expenses	$518M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$457M
Other Expenses	$85M
Operating Expenses	$1.1B
Cost & Expenses	$3.1B
OPERATING INCOME	$1.7B
Interest Income	$0
Interest Expense	$141M
Other Income/Expenses	-$79M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$220M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$517M
EBIT	$1.7B
EBITDA	$2.2B
EPS	$2
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$2.0B
GROSS PROFIT	$2.7B
R&D Expenses	$518M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$457M
Other Expenses	$85M
Operating Expenses	$1.1B
Cost & Expenses	$3.1B
OPERATING INCOME	$1.7B
Interest Income	$0
Interest Expense	$141M
Other Income/Expenses	-$79M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$220M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$517M
EBIT	$1.7B
EBITDA	$2.2B
EPS	$2
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$497M
Stock-Based Compensation	$93M
Deferred Income Tax	$3M
Other Non-Cash Items	$20M
Change in Working Capital	$213M
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$1.2B
Acquisitions (Net)	$0
Purchases of Investments	-$805M
Sales/Maturities of Investments	$1.3B
Other Investing Activities	$61M
NET CASH FROM INVESTING	-$681M
Net Debt Issuance	$0
Common Stock Repurchased	-$119M
Common Dividends Paid	-$1.2B
Other Financing Activities	-$12M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$993M
Net Change in Cash	$267M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.3B
Short-Term Investments	$1.9B
Net Receivables	$2.1B
Inventory	$4.8B
Other Current Assets	$1.8B
TOTAL CURRENT ASSETS	$13.9B
PP&E (Net)	$12.3B
Goodwill	$4.4B
Intangible Assets	$237M
Long-Term Investments	$0
Tax Assets	$1.1B
Other Non-Current Assets	$3.1B
TOTAL NON-CURRENT ASSETS	$21.1B
TOTAL ASSETS	$35.0B
Account Payables	$779M
Short-Term Debt	$500M
Deferred Revenue	$0
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$3.1B
Long-Term Debt	$13.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$60M
Other Non-Current Liabilities	$1.7B
TOTAL NON-CURRENT LIABILITIES	$15.3B
TOTAL LIABILITIES	$18.4B
Common Stock	$1.7B
Additional Paid-In Capital	$4.4B
Retained Earnings	$52.4B
Treasury Stock	-$41.7B
Accum. Other Comp. Income	-$149M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$16.6B
Minority Interest	$0
TOTAL EQUITY	$16.6B
TOTAL LIABILITIES & EQUITY	$35.0B
Total Debt	$14.0B
Net Debt	$10.7B