Monday, 9 November 2026
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Designer and manufacturer of semiconductors.

Texas Instruments

Latest quarter: Q3 2026, ended September 2026

TXN · NasdaqIDM & foundry

Compare in Financials

About the company

Texas Instruments makes analog and embedded processing chips sold to a very large number of customers across industrial, automotive, personal electronics, communications equipment and enterprise systems markets. The Analog segment covers power management and signal chain products; Embedded Processing covers microcontrollers and processors. Unlike most peers, TI manufactures most of its own chips and is moving production to lower-cost 300-millimetre wafers, with major investments in new US capacity in Texas and Utah. Its broad catalog of long-lived products makes it a bellwether for the industrial and automotive chip cycle.

Silicon Analytica summary based on the company's latest annual report

Key figures

Q3 2026 · 30 Sept 2026

Revenue
▲ +27.7% y/y
Operating income
▲ +72.8% y/y
Gross marginCalc.
+6.8 pp y/y
Operating marginCalc.
+12.4 pp y/y
Net income
▲ +77.8% y/y
Free cash flowCalc.
▲ +197.7% y/y

Figures from company filings. Calculated values marked Calc. · Methodology →

How the company earns its revenue

$79.2of every $100 · Analog$14.0B in FY2025

Total of categories: US$17.7B, reconciles to reported revenue. Different classifications are never added together.

View sources

Quarterly trend

12 available quarters · US GAAP

Revenue, USD (left) · gross margin, % (right) · US GAAPRevenueGross margin$0$2B$4B$6B$8BQ4 FY2023Q2 FY2024Q4 FY2024Q2 FY2025Q4 FY2025Q2 FY2026Revenue, Q4 FY2023: US$4.1B (Calculated)$4.1BRevenue, Q1 FY2024: US$3.7B (Reported)$3.7BRevenue, Q2 FY2024: US$3.8B (Reported)$3.8BRevenue, Q3 FY2024: US$4.2B (Reported)$4.2BRevenue, Q4 FY2024: US$4.0B (Calculated)$4.0BRevenue, Q1 FY2025: US$4.1B (Reported)$4.1BRevenue, Q2 FY2025: US$4.4B (Reported)$4.4BRevenue, Q3 FY2025: US$4.7B (Reported)$4.7BRevenue, Q4 FY2025: US$4.4B (Calculated)$4.4BRevenue, Q1 FY2026: US$4.8B (Reported)$4.8BRevenue, Q2 FY2026: US$5.5B (Reported)$5.5BRevenue, Q3 2026: US$6.1B (Reported)$6.1B50%70%Gross margin, Q4 FY2023: 59.6% (Calculated)Gross margin, Q1 FY2024: 57.2% (Calculated)Gross margin, Q2 FY2024: 57.8% (Calculated)Gross margin, Q3 FY2024: 59.6% (Calculated)Gross margin, Q4 FY2024: 57.7% (Calculated)Gross margin, Q1 FY2025: 56.8% (Calculated)Gross margin, Q2 FY2025: 57.9% (Calculated)Gross margin, Q3 FY2025: 57.4% (Calculated)Gross margin, Q4 FY2025: 55.9% (Calculated)Gross margin, Q1 FY2026: 58.0% (Calculated)Gross margin, Q2 FY2026: 61.4% (Calculated)Gross margin, Q3 2026: 64.2% (Calculated)64.2%Source: Texas Instruments quarterly filings and results releases · gross margin = gross profit ÷ revenue, calculatedby Silicon AnalyticaSilicon Analyticasiliconanalytica.com/companies/texas-instruments
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Financial statements

Full page →

As filed with the SEC (10-K/10-Q), from XBRL data. US$ millions, except per-share amounts; shares in millions.

Line itemQ3 2026To 30 Sept 202610-Q ↗Q2 FY2026To 30 Jun 202610-Q ↗Q1 FY2026To 31 Mar 202610-Q ↗Q4 FY2025To 31 Dec 202510-K ↗Q3 FY2025To 30 Sept 202510-Q ↗
Revenue6,0555,4634,8254,423c4,742
Cost of revenue2,1682,1112,0261,951c2,019
Gross profit3,8873,3522,7992,472c2,723
Gross margin64.2%61.4%58.0%55.9%57.4%
Research & development530535510521c518
Selling, general & administrative476490464446c457
Operating income2,8742,3101,8081,473c1,663
Operating margin47.5%42.3%37.5%33.3%35.1%
Interest & other, net−69c−72c−94c−101c−79c
Pre-tax income2,8052,2381,7141,372c1,584
Income tax380258169209c220
Net income2,4251,9801,5451,163c1,364
Net margin40.0%36.2%32.0%26.3%28.8%
Diluted EPS2.622.141.68—1.48
Diluted shares921920914—914

Columns link to the filing. c Calculated by Silicon Analytica from filed figures (hover for the formula); fourth-quarter flows are fiscal year minus nine months. Margins are calculated. Fourth-quarter per-share figures are not filed separately and are left blank.

View sources (5)
  1. Texas Instruments 10-Q filed 23 Oct 2026 · accession 0000097476-26-000169
  2. Texas Instruments 10-Q filed 24 Jul 2026 · accession 0000097476-26-000152
  3. Texas Instruments 10-Q filed 24 Apr 2026 · accession 0000097476-26-000101
  4. Texas Instruments 10-K filed 6 Feb 2026 · accession 0000097476-26-000059
  5. Texas Instruments 10-Q filed 23 Oct 2025 · accession 0000097476-25-000060

Values: SEC XBRL company facts (data.sec.gov), refreshed 8 Nov 2026. A period's original filing is used unless a later filing restated it.

Earnings history

Texas Instruments's results by period: revenue, margins and segments from stored filings.

Quarters

Fiscal years

Five-year financial history

US GAAP

Latest 5 completed fiscal years, US GAAP, USD, as reported in annual filings (restated comparatives used where later filings revised them). Ratios and growth are Silicon Analytica calculations from the same records.

Revenue

USD · fiscal years · US GAAP · reported

Revenue (USD)FY2021: US$18.3BUS$18.3BFY202131 Dec 2021FY2022: US$20.0BUS$20.0BFY202231 Dec 2022FY2023: US$17.5BUS$17.5BFY202331 Dec 2023FY2024: US$15.6BUS$15.6BFY202431 Dec 2024FY2025: US$17.7BUS$17.7BFY202531 Dec 2025Silicon AnalyticaTexas Instruments Form 10-K filed 2026-02-06

Net income attributable to shareholders

USD · fiscal years · US GAAP · reported

Net income attributable to shareholders (USD)FY2021: US$7.8BUS$7.8BFY202131 Dec 2021FY2022: US$8.7BUS$8.7BFY202231 Dec 2022FY2023: US$6.5BUS$6.5BFY202331 Dec 2023FY2024: US$4.8BUS$4.8BFY202431 Dec 2024FY2025: US$5.0BUS$5.0BFY202531 Dec 2025Silicon AnalyticaTexas Instruments Form 10-K filed 2026-02-06
Texas Instruments annual results
USDFY2021ended 31 Dec 2021FY2022ended 31 Dec 2022FY2023ended 31 Dec 2023FY2024ended 31 Dec 2024FY2025ended 31 Dec 2025
Revenue
Gross profit
Gross margin
Operating income
Operating margin
Net income (attributable)
Diluted EPS
R&D expense
R&D as % of revenue

Business model and industry role

Analog

These semiconductors condition, amplify and convert real-world signals like sound or temperature into digital data [1].

Embedded Processing

These products are the digital 'brains' of electronic equipment, designed to handle specific tasks [1].

Other

This segment includes DLP products for projecting images, calculators, and custom semiconductors [1].

Who buys it

The company sells to over 100,000 electronics designers and manufacturers worldwide across markets including industrial, automotive, data center, personal electronics and communications equipment 1.

How it earns revenue

The company generates revenue by selling semiconductors through direct sales channels, including its website, and to a lesser extent, through distributors 1.

What it depends on

Competitive performance depends on factors like breadth of product line, market channel reach, technological innovation, price, and manufacturing capabilities 1.

What drives profitabilityIncludes Silicon Analytica view

Profit margins vary with factors such as customer demand, product mix, manufacturing processes, and inventory levels. A significant portion of operating costs is fixed 1.

Competitive position, drivers and risks

Competitive position

The company faces competition from dozens of large and small companies, broad-based suppliers, niche suppliers and emerging companies, particularly in Asia 1.

Evidence

Despite industry consolidation, the analog and embedded processing markets are highly fragmented 1.

Growth drivers and conditions

Company view: Competitive performance depends on product breadth, market reach, innovation, product development, support, service, quality, reliability, price and manufacturing capability 1.

Cyclicality and downside risks

Reported: Price and product development pressures may reduce profit margins, and China's promotion of its domestic semiconductor industry could prevent the company from competing effectively 1.

What to watch next

  1. Completion of the six-year elevated capital expenditure cycle
  2. Continued shift to direct customer sales channels
  3. Geopolitical risk from high revenue exposure to China
  4. Execution of strategy to build inventory ahead of demand
  5. Ramp-up of new 300mm wafer fabrication facilities

Peer comparison

Compare with another company

Peers not yet selected by the editor. Financials compares latest reported periods and labels mismatched period ends.

Compare with

Texas Instruments vs Samsung ElectronicsTexas Instruments vs SK hynixTexas Instruments vs IntelTexas Instruments vs NXP Semiconductors

More data on Texas Instruments

Texas Instruments income statement and balance sheet

Sources & methodology
  1. Texas Instruments Form 10-K for latest fiscal year ↗ · 6 Feb 2026 · Item 1 Business / Item 4 Information on the Company; risk factors

Annual and quarterly figures come from the company's SEC filings (XBRL financial data and, where needed, the filed statements). Each value keeps its filing, period dates and accounting basis. Ratios, growth rates, free cash flow, split-adjusted EPS and derived quarters are Silicon Analytica calculations, shown with their inputs. Percentage growth is not shown when the prior value is zero or negative. Guidance is shown only as company guidance; no analyst consensus is used.

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