Texas Instruments Incorporated (TXN) Stock Analysis
Technology · Semiconductors · NasdaqGS
Texas Instruments Incorporated (TXN) posted $17.68B in revenue for fiscal 2025 (up 13.0% year over year), at a 28.3% net margin, and has compounded revenue about 4.1%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Texas Instruments Incorporated
Texas Instruments Incorporated has grown revenue from $13.37B to $17.68B over the last 10 fiscal years, compounding about 4.1% a year. The most recent year was up 13%, so growth is actually accelerating.
Net margin sits at 28.3%, down 2.4 points year over year on a 57% gross margin. It carries about $14.05B of total debt.
At today's valuation the market is pricing in roughly 29.4% annual free-cash-flow growth — versus the -13.9% it actually delivered over the last five years, so the price already assumes a step-up from the recent record. The one thing worth a second look in the filings is net margin shrinking.
Synthesised from Texas Instruments Incorporated's SEC filings — descriptive, not advice. Ask the analyst your own question →
Texas Instruments Incorporated revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.37B | $14.96B | $15.78B | $14.38B | $14.46B | $18.34B | $20.03B | $17.52B | $15.64B | $17.68B |
| Gross profit | $8.26B | $9.61B | $10.28B | $9.16B | $9.27B | $12.38B | $13.77B | $11.02B | $9.09B | $10.08B |
| Net income | $3.60B | $3.68B | $5.58B | $5.02B | $5.59B | $7.77B | $8.75B | $6.51B | $4.80B | $5.00B |
| Net margin | 26.9% | 24.6% | 35.4% | 34.9% | 38.7% | 42.4% | 43.7% | 37.2% | 30.7% | 28.3% |
Source: Texas Instruments Incorporated SEC filings (10-K). 19 years of history available in the interactive view.
Texas Instruments Incorporated: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Net margin shrinkingNet margin fell from 43.7% to 28.3% over ~3 years — profitability is compressing.
What growth is priced into TXN stock?
At today's market cap of $251.82B, Texas Instruments Incorporated is priced for free-cash-flow growth of about 29.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $2.60B from the FY ending 2025-12-31). For comparison, free cash flow actually grew -13.9%/yr over the last five fiscal years and revenue 4.1%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of Texas Instruments Incorporated financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Texas Instruments Incorporated financial history by metric
Compare Texas Instruments Incorporated with peers
About Texas Instruments Incorporated
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States, China, the rest of Asia, Europe, the Middle East, Africa, Japan, and internationally. It operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, multiphase controllers and power stages, and lighting products. This segment also provides signal chain products that sense, condition, and measure real-world signals and convert them into data to be transferred or converted for further processing and control, such as amplifiers, data converters, interface products, motor drives, clocks, and logic and sensing products. The Embedded Processing segment offers microcontrollers, processors, wireless connectivity, and radar products; and applications processors for specific computing activity. It also provides DLP products primarily for use in projecting high-definition images; calculators; and application-specific integrated circuits. Its products are used in various markets, such as industrial, automotive, personal electronics, communications equipment, enterprise systems, calculators, and others. The company markets and sells its semiconductor products through direct sales and distributors, as well as through its website. Texas Instruments Incorporated was founded in 1930 and is headquartered in Dallas, Texas.
Texas Instruments Incorporated — frequently asked questions
What is Texas Instruments Incorporated's revenue?
Texas Instruments Incorporated (TXN) reported revenue of $17.68B for fiscal year 2025, up 13.0% from the prior year, according to its SEC filings.
Is Texas Instruments Incorporated profitable?
Yes. TXN earned net income of $5.00B in fiscal 2025, a net margin of 28.3%.
What is TXN's P/E ratio?
Texas Instruments Incorporated trades at a price-to-earnings ratio of about 41.8 based on the latest data in our nightly-refreshed cache.
How fast is Texas Instruments Incorporated growing?
TXN's revenue grew at roughly 4.1% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Texas Instruments Incorporated have?
As of fiscal year 2025, TXN carried roughly $14.05B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Texas Instruments Incorporated's gross margin?
TXN's gross margin was 57.0% in fiscal 2025 — gross profit of $10.08B on revenue of $17.68B.
What is Texas Instruments Incorporated's market cap?
Texas Instruments Incorporated (TXN) has a market capitalization of about $251.82B, based on the latest data in our nightly-refreshed cache.
When does Texas Instruments Incorporated's fiscal year end?
TXN's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into TXN stock?
At today's market cap of $251.82B, Texas Instruments Incorporated is priced for free-cash-flow growth of about 29.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $2.60B from the FY ending 2025-12-31). For comparison, free cash flow actually grew -13.9%/yr over the last five fiscal years and revenue 4.1%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Texas Instruments Incorporated's official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.