Financials · TXN

Texas Instruments Incorporated (TXN) financials

For the twelve months ended Sep 30, 2026, Texas Instruments Incorporated reported $20.77B of revenue and $7.11B of net income.

Revenue, TTM
$20.77B
Revenue growth, YoY
+20.3%
Net income, TTM
$7.11B
Net income growth, YoY
+41.0%
Net margin
34.3%
Free cash flow, TTM
$7.32B
EPS, diluted, TTM
$7.72
EPS growth, YoY
+40.9%
Cash
$4.21B
Total debt
$13.55B
P/E
35.63
P/S
12.20
Market cap
$253.44B
Annual revenue$17.68B
FY2016FY2025
Annual net income$5.00B
FY2016FY2025
Annual free cash flow$2.60B
FY2016FY2025

TXN revenue and earnings growth

TXN revenueQ3 2026$6.05B

Quarter YoY
+27.7%
QoQ
+10.8%
FY YoY
+13.0%
5Y CAGR
+4.1%
10Y CAGR
+3.1%

TXN revenue was $6.05B in fiscal Q3 2026 (ended Sep 30, 2026), up 27.7% from a year earlier and up 10.8% from the prior quarter. For the full fiscal 2025 it was $17.68B, up 13.0% from fiscal 2024. Compound annual growth was +4.1% over 5 years and +3.1% over 10 years. It rose in 7 of the last 10 fiscal years.

TXN net incomeQ3 2026$2.42B

Quarter YoY
+77.8%
QoQ
+22.5%
FY YoY
+4.2%
5Y CAGR
-2.2%
10Y CAGR
+5.3%

TXN net income was $2.42B in fiscal Q3 2026 (ended Sep 30, 2026), up 77.8% from a year earlier and up 22.5% from the prior quarter. For the full fiscal 2025 it was $5.00B, up 4.2% from fiscal 2024. Compound annual growth was -2.2% over 5 years and +5.3% over 10 years. It rose in 7 of the last 10 fiscal years.

TXN EPSQ3 2026$2.62

Quarter YoY
+77.0%
QoQ
+22.4%
FY YoY
+4.8%
5Y CAGR
-1.8%
10Y CAGR
+6.8%

TXN diluted EPS was $2.62 in fiscal Q3 2026 (ended Sep 30, 2026), up 77.0% from a year earlier and up 22.4% from the prior quarter. For the full fiscal 2025 it was $5.45, up 4.8% from fiscal 2024. Compound annual growth was -1.8% over 5 years and +6.8% over 10 years.

TXN free cash flowQ3 2026$2.96B

Quarter YoY
+197.7%
QoQ
+35.0%
FY YoY
+73.8%
5Y CAGR
-13.9%
10Y CAGR
-3.8%

TXN free cash flow was $2.96B in fiscal Q3 2026 (ended Sep 30, 2026), up 197.7% from a year earlier and up 35.0% from the prior quarter. For the full fiscal 2025 it was $2.60B, up 73.8% from fiscal 2024. Compound annual growth was -13.9% over 5 years and -3.8% over 10 years. It rose in 6 of the last 10 fiscal years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$17.68B$15.64B$17.52B$20.03B$18.34B$14.46B$14.38B$15.78B$14.96B$13.37B
Cost of revenue$7.60B$6.55B$6.50B$6.26B$5.97B$5.19B$5.22B$5.51B$5.35B$5.11B
Gross profit$10.08B$9.09B$11.02B$13.77B$12.38B$9.27B$9.16B$10.28B$9.61B$8.26B
Research and development$2.08B$1.96B$1.86B$1.67B$1.55B$1.53B$1.54B$1.56B$1.51B$1.36B
Selling, general and admin$1.86B$1.79B$1.82B$1.70B$1.67B$1.62B$1.65B$1.68B$1.69B$1.74B
Operating income$6.02B$5.46B$7.33B$10.14B$8.96B$5.89B$5.72B$6.71B$6.08B$4.86B
Pre-tax income$5.71B$5.45B$7.42B$10.03B$8.92B$6.02B$5.73B$6.69B$6.08B$4.93B
Income tax$709.00M$654.00M$908.00M$1.28B$1.15B$422.00M$711.00M$1.11B$2.40B$1.33B
Net income$5.00B$4.80B$6.51B$8.75B$7.77B$5.59B$5.02B$5.58B$3.68B$3.60B
EPS, basic$5.47$5.24$7.13$9.51$8.38$6.05$5.33$5.71$3.68$3.54
EPS, diluted$5.45$5.20$7.07$9.41$8.26$5.97$5.24$5.59$3.61$3.48
Diluted shares913.0M919.0M916.0M926.0M936.0M933.0M952.0M990.0M1.01B1.02B

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$3.23B$3.20B$2.96B$3.05B$4.63B$3.11B$2.44B$2.44B$1.66B$1.15B
Short-term investments$1.66B$4.38B$5.61B$6.02B$5.11B$3.46B$2.95B$1.79B$2.81B$2.34B
Receivables$1.96B$1.72B$1.79B$1.90B$1.70B$1.41B$1.07B$1.21B$1.28B$1.27B
Inventory$4.80B$4.53B$4.00B$2.76B$1.91B$1.96B$2.00B$2.22B$1.96B$1.79B
Current assets$13.75B$15.03B$15.12B$14.02B$13.69B$10.24B$8.76B$8.10B$8.73B$7.46B
Goodwill$4.33B$4.36B$4.36B$4.36B$4.36B$4.36B$4.36B$4.36B$4.36B$4.36B
Total assets$34.59B$35.51B$32.35B$27.21B$24.68B$19.35B$18.02B$17.14B$17.64B$16.43B
Current liabilities$3.16B$3.64B$3.32B$2.98B$2.57B$2.39B$2.12B$2.47B$2.26B$2.26B
Short-term debt$500.00M$750.00M$599.00M$500.00M$500.00M$550.00M$500.00M$749.00M$500.00M$631.00M
Long-term debt$13.55B$12.85B$10.62B$8.23B$7.24B$6.25B$5.30B$4.32B$3.58B$2.98B
Total debt$14.05B$13.60B$11.22B$8.73B$7.74B$6.80B$5.80B$5.07B$4.08B$3.61B
Total liabilities$18.31B$18.61B$15.45B$12.63B$11.34B$10.16B$9.11B$8.14B$7.30B$5.96B
Shareholders' equity$16.27B$16.90B$16.90B$14.58B$13.33B$9.19B$8.91B$8.99B$10.34B$10.47B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$7.15B$6.32B$6.42B$8.72B$8.76B$6.14B$6.65B$7.19B$5.36B$4.61B
Capital expenditures$4.55B$4.82B$5.07B$2.80B$2.46B$649.00M$847.00M$1.13B$695.00M$531.00M
Free cash flow$2.60B$1.50B$1.35B$5.92B$6.29B$5.49B$5.80B$6.06B$4.67B$4.08B
Investing cash flow-$1.44B-$3.20B-$4.36B-$3.58B-$4.09B-$922.00M-$1.92B-$78.00M-$1.13B-$650.00M
Financing cash flow-$5.69B-$2.88B-$2.14B-$6.72B-$3.14B-$4.55B-$4.73B-$6.33B-$3.73B-$3.81B
Dividends paid$5.00B$4.79B$4.56B$4.30B$3.89B$3.43B$3.01B$2.56B$2.10B$1.65B
Share repurchases$1.48B$929.00M$293.00M$3.62B$527.00M$2.55B$2.96B$5.10B$2.56B$2.13B
Stock-based compensation$419.00M$387.00M$362.00M$289.00M$230.00M$224.00M$217.00M$232.00M$242.00M$252.00M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY13.0%-10.7%-12.5%9.2%26.9%0.5%-8.9%5.5%11.9%2.8%
Net income growth, YoY4.2%-26.3%-25.6%12.6%38.9%11.5%-10.1%51.5%2.4%20.4%
EPS growth, YoY4.8%-26.4%-24.9%13.9%38.4%13.9%-6.3%54.8%3.7%23.4%
Gross margin57.0%58.1%62.9%68.8%67.5%64.1%63.7%65.1%64.3%61.8%
Operating margin34.1%34.9%41.8%50.6%48.8%40.8%39.8%42.5%40.7%36.3%
Net margin28.3%30.7%37.2%43.7%42.4%38.7%34.9%35.4%24.6%26.9%
Free cash flow margin14.7%9.6%7.7%29.6%34.3%38.0%40.3%38.4%31.2%30.5%
Return on equity30.7%28.4%38.5%60.0%58.3%60.9%56.3%62.0%35.6%34.3%
Return on assets14.5%13.5%20.1%32.2%31.5%28.9%27.8%32.6%20.9%21.9%
Current ratio4.354.124.554.705.334.284.133.273.873.29
Debt to equity0.860.800.660.600.580.740.650.560.390.34

Source: XBRL data Texas Instruments Incorporated files with the SEC, latest filing dated Oct 23, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

TXN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
TXN$20.77B+20.3%$7.11B34.3%$253.44B
ADI$13.88B+33.6%$4.14B29.8%$176.17B
STM$11.80B-11.1%$166.00M1.4%$37.24B
MCHP$5.60B+33.0%$838.10M15.0%$31.68B
ON$6.37B+2.9%$689.10M10.8%$24.64B

TXN FAQ

9 questions
  • What is TXN revenue?
    Texas Instruments Incorporated (TXN) reported $20.77B of revenue for the twelve months ended Sep 30, 2026. That is up 20.3% from the year before. Revenue for fiscal 2025 was $17.68B.
  • Is TXN profitable?
    Yes. Texas Instruments Incorporated earned $7.11B in net income for the twelve months ended Sep 30, 2026, a net margin of 34.3%.
  • How much cash and debt does TXN have?
    Texas Instruments Incorporated reported $4.21B in cash and cash equivalents and $13.55B of debt on its most recent balance sheet in SEC filings.
  • How fast is TXN revenue growing?
    Texas Instruments Incorporated's revenue changed +13.0% in fiscal 2025, to $17.68B. Its compound annual growth rate was +4.1% over 5 years and +3.1% over 10 years.
  • What is TXN gross margin?
    Texas Instruments Incorporated's gross profit was $12.51B on $20.77B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 60.2%.
  • What is TXN free cash flow?
    Texas Instruments Incorporated generated $7.32B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $9.90B less capital expenditures.
  • What is TXN earnings per share?
    Diluted earnings per share were $7.72 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did TXN last report financial results?
    The latest statements here come from Texas Instruments Incorporated's 10-Q filed on Oct 23, 2026, covering the period ended Sep 30, 2026.
  • Where does this TXN financial data come from?
    Quantisnow builds these statements from the structured XBRL data Texas Instruments Incorporated files with the SEC. It is provided for information only and is not investment advice.