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Texas Instruments
TXNSemiconductorsGenerated Jul 5, 2026, 08:53 PM UTC
TXN (Texas Instruments) analytical snapshot. Revenue declined +12.5% YoY to $17.52B. Net margin at 37.16% (contracting ▼). Return on equity 38.51%, ROA 18.33%, ROIC 24.04%. Market cap $266.73B at $293.08 per share. Trailing P/E 41.45, P/S 15.23, P/B 15.90. EV/Operating income ≈ 37.82 (EV $277.23B). Risk: Moderate. Macro: Risk-on · Supportive. Composite analytical score -25 (data confidence 83%). Descriptive analytics from public filings — not investment advice.
Market cap
$266.73B
910.09M shares
Price
$293.08
NMS
P/E (ttm)
41.45
Revenue (FY)
$17.52B
YoY -12.5%
Net margin
37.16%
▼ 1.53pp
Free cash flow
$1.35B
7.70% margin
Risk level
Moderate
Free SEC analysis
— computed from SEC filings, free to readFree previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score -30Deteriorating
80% conf
Revenue declined +12.5% YoY to $17.52B. Net margin at 37.16% (contracting ▼). Return on equity 38.51%, ROA 18.33%, ROIC 24.04%.
- Revenue declined +12.5% YoY to $17.52B.
- Net margin at 37.16% (contracting ▼).
- Return on equity 38.51%, ROA 18.33%, ROIC 24.04%.
- Gross margin 62.90%, operating margin 41.85%.
- Free cash flow margin 7.70% ($1.35B).
- Net income down ▼ +25.6% YoY.
- Debt/equity 0.84, current ratio 4.46, net debt $10.50B.
- Asset turnover 0.51 — capital efficiency.
Revenue (FY)
$17.52B
YoY -12.5%
Net margin
37.16%
▼ 1.53pp
ROE
38.51%
ROA 18.33%
ROIC
24.04%
EPS (diluted)
$7.07
FY2025
Free cash flow
$1.35B
7.70% margin
Debt / equity
0.84
Cash $3.55B
Current ratio
4.46
Equity $16.78B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2016 | — | — | — | — | — | — | 28.36 |
| 2017 | — | — | — | — | — | — | 28.51 |
| 2018 | $13.37B | — | 61.76 | 36.31 | 26.89 | $4.08B | 34.78 |
| 2019 | $14.96B | +11.9% | 64.26 | 40.66 | 24.61 | $4.67B | 40.94 |
| 2020 | $15.78B | +5.5% | 65.11 | 42.53 | 35.35 | $6.06B | 62.65 |
| 2021 | $14.38B | -8.9% | 63.71 | 39.79 | 34.88 | $5.80B | 54.61 |
| 2022 | $14.46B | +0.5% | 64.10 | 40.76 | 38.69 | $5.49B | 41.96 |
| 2023 | $18.34B | +26.9% | 67.47 | 48.84 | 42.35 | $6.29B | 53.30 |
| 2024 | $20.03B | +9.2% | 68.76 | 50.63 | 43.68 | $5.92B | 51.78 |
| 2025 | $17.52B | -12.5% | 62.90 | 41.85 | 37.16 | $1.35B | 38.51 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Mar 31, 2025 | $4.07B | +11.1% | — | 28.98% |
| Jun 30, 2025 | $8.52B | +13.8% | +109.3% | 29.05% |
| Jun 30, 2025 | $4.45B | -40.6% | -47.8% | 55.62% |
| Sep 30, 2025 | $13.26B | +14.0% | +198.1% | 28.95% |
| Sep 30, 2025 | $4.74B | -59.2% | -64.2% | 80.94% |
| Mar 31, 2026 | $4.83B | +18.6% | +1.8% | 32.02% |
Revenue (annual, SEC 10-K)
2016: 0
2017: 0
2018: 13,370
2019: 14,961
2020: 15,784
2021: 14,383
2022: 14,461
2023: 18,344
2024: 20,028
2025: 17,519
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Profitability trends (%)
GrossOperatingNet
Free cash flow (annual)
2016: 0
2017: 0
2018: 4,083
2019: 4,668
2020: 6,058
2021: 5,802
2022: 5,490
2023: 6,294
2024: 5,923
2025: 1,349
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 30Improving
80% conf
Latest annual report (10-K) filed Feb 6, 2026. Latest quarterly report (10-Q) filed Apr 24, 2026. 10 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 6, 2026.
- Latest quarterly report (10-Q) filed Apr 24, 2026.
- 10 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Texas Instruments; broad institutional reporting.
- Recent filers include BANKERS TRUST CO /IA/, COMMUNITY FIRST BANKSHARES INC, COMMUNITY FIRST BANKSHARES INC.
- 1 recent 13D activist/beneficial-ownership filings — potential catalyst.
- 19 recent 13G passive institutional ownership notices.
Latest 10-K
Feb 6, 2026
Annual report
Latest 10-Q
Apr 24, 2026
8-K (recent)
10
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
1
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| BANKERS TRUST CO /IA/ | 13F-HR | Jul 3, 2003 |
| COMMUNITY FIRST BANKSHARES INC | 13F-HR | Oct 25, 2004 |
| COMMUNITY FIRST BANKSHARES INC | 13F-HR | Feb 2, 2004 |
| COMMUNITY FIRST BANKSHARES INC | 13F-HR | Apr 14, 2004 |
| COMMUNITY FIRST BANKSHARES INC | 13F-HR | Jul 9, 2004 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Jun 2, 2026 | 8-K | FORM 8K |
| Apr 22, 2026 | 8-K | 8-K |
| Apr 17, 2026 | 8-K | 8-K |
| Mar 25, 2026 | 8-K | 8-K |
| Feb 6, 2026 | 8-K | 8-K |
| Feb 4, 2026 | 8-K | 8-K |
| Jan 27, 2026 | 8-K | 8-K |
| Oct 21, 2025 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -50Deteriorating
70% conf
4 risk signal(s), 1 watch item(s) detected from XBRL filing diff analysis. Free cash flow declined despite stable or rising capex, indicating the cash burn is operational rather than investment-driven. This is a structural concern — cost reduction or asset sales may be needed to restore FCF.
- Inventory buildup exceeds sales growth: Inventory grew +13.2% vs revenue -12.5%. Excess inventory may signal weakening demand, potential write-downs, or supply chain overcommitment. Watch gross margin for discounting impact.
- Gross margin compression: Gross margin contracted +5.9%pp (from 68.8% to 62.9%). This may reflect input cost inflation, pricing pressure, or product mix shift toward lower-margin segments.
- Free cash flow deteriorating: FCF declined +77.2% YoY (from $5.92B to $1.35B). With OCF at $6.42B and capex at $5.07B, cash generation capacity is weakening — monitor for dividend/buyback sustainability.
- NEW: Substantial doubt about ability to continue in latest filing: The term "substantial doubt" "ability to continue" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 2 filing(s).
- NEW: Off-balance sheet arrangements: Off-balance sheet arrangements appears in recent filings but not in the prior 24-month period. Monitor for materiality.
- Endogenous analysis: Free cash flow declined despite stable or rising capex, indicating the cash burn is operational rather than investment-driven. This is a structural concern — cost reduction or asset sales may be needed to restore FCF.
- Endogenous analysis: Inventory accumulation alongside margin compression is a classic demand-softening signal: excess inventory typically leads to discounting, which compresses margins further. Monitor for clearance events, write-downs, or guidance revisions.
- 1 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 2 new risk-language term(s) detected in filing text: Substantial doubt about ability to continue, Off-balance sheet arrangements.
Revenue
$17.52B
-12.5% YoY
Gross profit
$11.02B
-20.0% YoY
Operating income
$7.33B
-27.7% YoY
Net income
$6.51B
-25.6% YoY
Operating cash flow
$6.42B
-26.4% YoY
Capex
$5.07B
+81.3% YoY
Total assets
$35.51B
+9.8% YoY
Total liabilities
$18.61B
+20.4% YoY
Filing quality score
72/100
1 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $20.03B | $17.52B | $-2.51B | -12.5% |
| Gross profit | $13.77B | $11.02B | $-2.75B | -20.0% |
| Operating income | $10.14B | $7.33B | $-2.81B | -27.7% |
| Net income | $8.75B | $6.51B | $-2.24B | -25.6% |
| Operating cash flow | $8.72B | $6.42B | $-2.30B | -26.4% |
| Capex | $2.80B | $5.07B | $2.27B | +81.3% |
| Total assets | $32.35B | $35.51B | $3.16B | +9.8% |
| Total liabilities | $15.45B | $18.61B | $3.15B | +20.4% |
| Long-term debt | $11.22B | $13.60B | $2.37B | +21.1% |
| Cash & equivalents | $2.96B | $3.20B | $236.0M | +8.0% |
| Stockholders equity | $16.90B | $16.90B | $6.0M | +0.0% |
| Inventory | $4.00B | $4.53B | $528.0M | +13.2% |
| Accounts receivable | $1.79B | $1.72B | $-68.0M | -3.8% |
| R&D expense | $1.67B | $1.86B | $193.0M | +11.6% |
| SG&A expense | $1.70B | $1.82B | $121.0M | +7.1% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | BusinessCombinationAcquisitionRelatedCosts |
| Removed | AdvertisingExpense, CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit, CurrentIncomeTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit, DeferredCompensationPlanAssets, DeferredFederalIncomeTaxExpenseBenefit, DeferredForeignIncomeTaxExpenseBenefit, DeferredIncomeTaxLiabilities |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Substantial doubt about ability to continue | high | 2 | 0 | NEW |
| Off-balance sheet arrangements | medium | 16 | 0 | NEW |
Filing signal breakdown
Red flags: 4
Positive: 0
Watch: 1
Red flags
Positive
Watch
Unlock the rest
- ProValuationMarket cap $266.73B at $293.08 per share.
- ProPrice & TechnicalsPrice $293.08 — uptrend (above 200-DMA); 1-month momentum negative.
- ProMacro & RatesMarket regime: Risk-on · Supportive.
- ProRisk ScorecardComposite risk: Moderate.
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Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Texas Instruments is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%
Analytical read
deterministic previewLatest annual report (10-K) filed Feb 6, 2026..
Risk
Moderate
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow TXN stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Marathon Petroleum MPC | 25 | Supportive |
| Nike Inc. NKE | 24 | Supportive |
| Airbnb Inc. ABNB | 22 | Supportive |
| Datadog Inc. DDOG | 16 | Supportive |
| Okta Inc. OKTA | 15 | Supportive |
| Valero Energy VLO | 13 | Supportive |
| Deere & Co. DE | 12 | Supportive |
| ASML Holding NV ASML | 10 | Supportive |
| Marriott International MAR | 10 | Supportive |
| GE Aerospace GE | 10 | Supportive |
| United Parcel Service UPS | 9 | Supportive |
| Snowflake Inc. SNOW | 8 | Supportive |
| Cloudflare Inc. NET | 8 | Supportive |
| NVIDIA Corp. NVDA | 7 | Supportive |
| Alphabet Inc. GOOGL | 7 | Supportive |
| General Motors Co. GM | 7 | Supportive |
| Booking Holdings BKNG | 6 | Supportive |
| Nucor Corp. NUE | 5 | Supportive |
| Shopify Inc. SHOP | 5 | Supportive |
| Ulta Beauty Inc. ULTA | 5 | Supportive |
| Pinterest Inc. PINS | 5 | Supportive |
| Amazon.com Inc. AMZN | 4 | Supportive |
| Microchip Technology MCHP | 3 | Supportive |
| Warner Bros Discovery WBD | 3 | Supportive |
| Adobe Inc. ADBE | 3 | Supportive |
| Intuit Inc. INTU | 2 | Supportive |
| General Dynamics GD | 1 | Supportive |
| Roku Inc. ROKU | 1 | Supportive |
| Lockheed Martin LMT | 0 | Supportive |
| Boeing Co. BA | 0 | Supportive |
| Hess Corp. HES | 0 | Supportive |
| MercadoLibre Inc. MELI | -1 | Supportive |
| EOG Resources EOG | -2 | Supportive |
| Applied Materials Inc. AMAT | -2 | Supportive |
| IBM Corp. IBM | -3 | Supportive |
| Spotify Technology SPOT | -3 | Supportive |
| Energy Transfer ET | -3 | Supportive |
| Meta Platforms Inc. META | -4 | Supportive |
| Uber Technologies UBER | -4 | Supportive |
| Phillips 66 PSX | -4 | Supportive |
| United Airlines Holdings UAL | -5 | Supportive |
| Caterpillar Inc. CAT | -5 | Supportive |
| Alibaba Group BABA | -5 | Supportive |
| Comcast Corp. CMCSA | -6 | Supportive |
| TJX Cos. TJX | -6 | Supportive |
| Starbucks Corp. SBUX | -6 | Supportive |
| Schlumberger N.V. SLB | -7 | Supportive |
| Workday Inc. WDAY | -7 | Supportive |
| McDonald's Corp. MCD | -7 | Supportive |
| Micron Technology MU | -8 | Supportive |
| CF Industries CF | -8 | Supportive |
| Lam Research Corp. LRCX | -8 | Supportive |
| Albemarle Corp. ALB | -8 | Supportive |
| Delta Air Lines DAL | -8 | Supportive |
| Yum Brands Inc. YUM | -8 | Supportive |
| Linde plc LIN | -9 | Supportive |
| Home Depot Inc. HD | -10 | Supportive |
| Sherwin-Williams SHW | -10 | Supportive |
| Chipotle Mexican Grill CMG | -10 | Supportive |
| Old Dominion Freight ODFL | -10 | Supportive |
| Salesforce Inc. CRM | -11 | Supportive |
| Netflix Inc. NFLX | -12 | Supportive |
| Union Pacific Corp. UNP | -12 | Supportive |
| Norfolk Southern NSC | -13 | Supportive |
| Air Products & Chemicals APD | -13 | Supportive |
| Exxon Mobil Corp. XOM | -14 | Supportive |
| Palo Alto Networks PANW | -14 | Supportive |
| Royal Caribbean Group RCL | -15 | Supportive |
| Apple Inc. AAPL | -15 | Supportive |
| ConocoPhillips COP | -15 | Supportive |
| Zscaler Inc. ZS | -15 | Supportive |
| Occidental Petroleum OXY | -15 | Supportive |
| Devon Energy DVN | -16 | Supportive |
| Kinder Morgan KMI | -16 | Supportive |
| Cisco Systems Inc. CSCO | -16 | Supportive |
| CSX Corp. CSX | -16 | Supportive |
| Microsoft Corp. MSFT | -16 | Supportive |
| Tesla Inc. TSLA | -17 | Supportive |
| Walt Disney Co. DIS | -17 | Supportive |
| Dow Inc. DOW | -17 | Supportive |
| ON Semiconductor Corp. ON | -18 | Supportive |
| Oracle Corp. ORCL | -18 | Supportive |
| CrowdStrike Holdings CRWD | -18 | Supportive |
| Mosaic Co. MOS | -18 | Supportive |
| RTX Corp. RTX | -19 | Supportive |
| Advanced Micro Devices AMD | -19 | Supportive |
| Freeport-McMoRan FCX | -20 | Supportive |
| Dollar General Corp. DG | -20 | Supportive |
| Eaton Corp. ETN | -22 | Supportive |
| Chevron Corp. CVX | -22 | Supportive |
| T-Mobile US Inc. TMUS | -22 | Supportive |
| 3M Co. MMM | -23 | Supportive |
| Lowe's Cos. LOW | -24 | Supportive |
| Honeywell International HON | -24 | Supportive |
| Texas Instruments TXN● you | -25 | Supportive |
| Qualcomm Inc. QCOM | -25 | Supportive |
| Marvell Technology MRVL | -29 | Supportive |
| Verizon Communications VZ | -30 | Supportive |
| Intel Corp. INTC | -31 | Supportive |
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| Newmont Corp. NEM | -34 | Supportive |
| Autodesk Inc. ADSK | -34 | Supportive |
| Broadcom Inc. AVGO | -35 | Supportive |