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Texas Instruments Inc.

SemiconductorsFounded 1951
Reviewed by Swet Parvadiya
Company data updated: October 2026

Financial Performance

Texas Instruments Revenue & Financials

Revenue

$17.7B (FY2025)

Market Cap

$236B

Net Income

$5B

Employees

33,000

What is Texas Instruments's revenue?

Texas Instruments had $17.7B in revenue for fiscal year 2025, up 13% from 2024. Net income was $5B.

Latest revenue
$17.7B (FY2025)
Year-over-year
+13%
Growth rate (CAGR)
3.2% over 9 years
Peak revenue
$20B (FY2022)
Years of data
10
Employees
33,000
What is Texas Instruments's operating income?
Texas Instruments reported operating income of $6B for fiscal year 2025. sec.gov
How much profit does Texas Instruments make?
Texas Instruments reported net income of $5B for fiscal year 2025. sec.gov
How many employees does Texas Instruments have?
Texas Instruments has about 33,000 employees.

Financial Analysis

TI's revenue fell from a $20.03 billion peak in 2022 to $15.64 billion in 2024 during an industry inventory correction, then recovered to $17.68 billion in 2025 with net income of $5.00 billion. The upturn accelerated in 2026: Q2 revenue reached $5.46 billion, operating profit rose 48% to $2.31 billion and net income rose 53% to $1.98 billion. With heavy fab spending past its peak, trailing 12-month free cash flow climbed to $6.5 billion from $1.8 billion a year earlier. TI guided Q3 2026 revenue to $5.65-$6.15 billion.

Revenue Trend Analysis

YoY Change

+13%

9-Year CAGR

+3.2%

Peak Year

2022

Trend

Mostly Growing

Texas Instruments Inc. has 10 full fiscal year figures on this page, compounding at +3.2% annually over 9 years. The most recent year saw a 13% increase versus the prior year. Annual revenue peaked in fiscal year 2022 at $20B. Of 9 comparable year-over-year steps, 6 showed growth and 3 showed a decline.

Annual revenue history

Fiscal YearRevenueOperating IncomeNet IncomeYoY ChangeSource
FY2025$17.7B$6B$5B+13.0%TEXAS INSTRUMENTS INCORPORATED annual report (Form 10-K, SEC EDGAR, filed 2026-02-06)

Fiscal year ended 2025-12-31.

FY2024$15.6B$5.5B$4.8B-10.7%TEXAS INSTRUMENTS INCORPORATED annual report (Form 10-K, SEC EDGAR, filed 2026-02-06)

Fiscal year ended 2024-12-31.

FY2023$17.5B$7.3B$6.5B-12.5%TEXAS INSTRUMENTS INCORPORATED annual report (Form 10-K, SEC EDGAR, filed 2026-02-06)

Fiscal year ended 2023-12-31.

FY2022$20B$10.1B$8.7B+9.2%TEXAS INSTRUMENTS INCORPORATED annual report (Form 10-K, SEC EDGAR, filed 2025-02-14)

Fiscal year ended 2022-12-31.

FY2021$18.3B$9B$7.8B+26.9%TEXAS INSTRUMENTS INCORPORATED annual report (Form 10-K, SEC EDGAR, filed 2024-02-02)

Fiscal year ended 2021-12-31.

FY2020$14.5B$5.9B$5.6B+0.5%TEXAS INSTRUMENTS INCORPORATED annual report (Form 10-K, SEC EDGAR, filed 2023-02-03)

Fiscal year ended 2020-12-31.

FY2019$14.4B$5.7B$5B-8.9%TEXAS INSTRUMENTS INCORPORATED annual report (Form 10-K, SEC EDGAR, filed 2022-02-04)

Fiscal year ended 2019-12-31.

FY2018$15.8B$6.7B$5.6B+5.5%TEXAS INSTRUMENTS INCORPORATED annual report (Form 10-K, SEC EDGAR, filed 2021-02-05)

Fiscal year ended 2018-12-31.

FY2017$15B$6.1B$3.7B+11.9%TEXAS INSTRUMENTS INCORPORATED annual report (Form 10-K, SEC EDGAR, filed 2020-02-20)

Fiscal year ended 2017-12-31.

FY2016$13.4B$4.9B$3.6B—TEXAS INSTRUMENTS INCORPORATED annual report (Form 10-K, SEC EDGAR, filed 2019-02-22)

Fiscal year ended 2016-12-31.

Click any row to see year details.

Texas Instruments Inc. balance sheet and cash flow

Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.

Fiscal YearOperating cash flowCapital expendituresTotal assetsTotal liabilitiesShareholders' equityFree cash flowSource
FY2025ended Dec 31, 2025$7.2B$4.5B$34.6B$18.3B$16.3B$2.6BForm 10-K
FY2024ended Dec 31, 2024$6.3B$4.8B$35.5B$18.6B$16.9B$1.5BForm 10-K
FY2023ended Dec 31, 2023$6.4B$5.1B$32.3B$15.5B$16.9B$1.3BForm 10-K
FY2022ended Dec 31, 2022$8.7B$2.8B$27.2B$12.6B$14.6B$5.9BForm 10-K
FY2021ended Dec 31, 2021$8.8B$2.5B$24.7B$11.3B$13.3B$6.3BForm 10-K
FY2020ended Dec 31, 2020$6.1B$649M$19.4B$10.2B$9.2B$5.5BForm 10-K
FY2019ended Dec 31, 2019$6.6B$847M$18B$9.1B$8.9B$5.8BForm 10-K
FY2018ended Dec 31, 2018$7.2B$1.1B$17.1B$8.1B$9B$6.1BForm 10-K
FY2017ended Dec 31, 2017$5.4B$695M$17.6B$7.3B$10.3B$4.7BForm 10-K
FY2016ended Dec 31, 2016$4.6B$531M$16.4B$6B$10.5B$4.1BForm 10-K

Keep researching Texas Instruments

Texas Instruments Revenue and Financial FAQ

What were Texas Instruments' full-year 2025 financial results?

In fiscal 2025, Texas Instruments reported consolidated revenue of $17.682 billion, a 13% increase from $15.64 billion in 2024, operating profit of $6.32 billion, and net income of $5.001 billion ($5.42 per diluted share).

What were TI's financial results in the second quarter of 2026?

In Q2 2026, TI reported revenue of $5.463 billion (up 23% year-over-year), operating profit of $2.31 billion (up 48%), and net income of $1.98 billion (up 53%), driven by widespread recovery across industrial, automotive, and data center markets.

What was Texas Instruments' free cash flow performance in 2026?

As peak capital expenditures on fab construction passed, TI's trailing 12-month free cash flow surged to $6.5 billion in June 2026, more than tripling from $1.8 billion in the prior-year period.

What is Texas Instruments' capital expenditure (CapEx) trajectory?

After spending roughly $5 billion annually between 2022 and 2025 building 300mm fabs in Richardson, Lehi, and Sherman, TI's CapEx began moderating in 2026 toward an expected long-term run rate of 15% to 20% of revenue.

How much financial support did TI secure from the U.S. CHIPS Act?

In August 2024, the U.S. Department of Commerce awarded TI up to $1.6 billion in direct CHIPS Act funding alongside an estimated $6 billion to $8 billion in investment tax credits (ITC) to support its 300mm fabs in Texas and Utah.

What is Texas Instruments' dividend growth track record?

TI has increased its annual cash dividend for over 20 consecutive years at a compound annual growth rate exceeding 20%, returning 100% of its free cash flow to shareholders via dividends and share buybacks.

What were the financial terms of the $7.5 billion Silicon Labs acquisition in 2026?

In early 2026, TI agreed to acquire Silicon Labs for $231.00 per share in an all-cash transaction valued at approximately $7.5 billion, funded through existing cash reserves and new investment-grade senior notes.

What was TI's gross margin and operating margin profile in 2025–2026?

TI maintained gross margins between 60% and 63% and operating margins above 42%, reflecting the superior cost absorption of its proprietary 300mm wafer fabrication facilities.

What was the revenue guidance for Q3 2026?

TI guided third-quarter 2026 revenue to between $5.65 billion and $6.15 billion, and earnings per share to between $1.94 and $2.20, confirming a broad cyclical recovery across global electronics.

How large is Texas Instruments' cash position and debt balance?

TI held over $9 billion in cash and short-term investments as of mid-2026, maintaining an A+/A1 investment-grade credit rating with a conservative net debt to EBITDA ratio under 1.5x.

How has TI reduced its diluted share count over time?

Since 2004, TI has repurchased nearly 50% of its total outstanding common shares, reducing share count from 1.7 billion to under 920 million shares through disciplined stock buyback programs.

What portion of TI's revenue originates from automotive versus industrial end markets?

Industrial customers account for approximately 40% of net sales, automotive applications contribute ~34%, personal electronics represent ~15%, communication equipment ~5%, and enterprise systems ~6%.

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CorpDigest. "Texas Instruments Revenue & Financials." CorpDigest, https://corpdigest.com/company/texas-instruments/financials.
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