Groq vs Texas Instruments: Revenue, Profit and Business Model
Groq had $172.5M (unaudited) of annual revenue in FY2025. Texas Instruments had $17.7B of annual revenue in FY2025 and $5B of net income.
Latest financial snapshot
Groq
- Latest annual revenue
- $172.5M (unaudited) (FY2025)
- Net income
- Unavailable here
- Net margin
- —
- Revenue growth
- —
Texas Instruments
- Latest annual revenue
- $17.7B (FY2025)
- Net income
- $5B
- Net margin
- 28.3%
- Revenue growth
- +3.2% a year, FY2016–FY2025
Financial summary
Groq
Groq is private and does not report revenue or profit. What is public is its funding: a $300 million Series C in 2021, a $640 million Series D in August 2024 at a $2.8 billion valuation led by BlackRock, a $750 million round in September 2025 at a $6.9 billion post-money valuation led by Disruptive, and a $650 million round in June 2026 led by Disruptive and Infinitum at an undisclosed valuation. Separately, Nvidia's December 2025 non-exclusive license was reported at about $20 billion, Nvidia's largest deal to date. Revenue figures circulating online are estimates, not company disclosures.
Texas Instruments
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 and profit by year
Groq
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 (unaudited) | $172.5M | — | — | — | Source |
| FY2024 (unaudited) | $90M | — | — | — | Source |
| FY2023 (unaudited) | $14M | — | — | — | Source |
Texas Instruments
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $17.7B | $5B | 28.3% | +13.0% | Source |
| FY2024 | $15.6B | $4.8B | 30.7% | -10.7% | Source |
| FY2023 | $17.5B | $6.5B | 37.2% | -12.5% | Source |
| FY2022 | $20B | $8.7B | 43.7% | +9.2% | Source |
| FY2021 | $18.3B | $7.8B | 42.4% | +26.9% | Source |
| FY2020 | $14.5B | $5.6B | 38.7% | +0.5% | Source |
| FY2019 | $14.4B | $5B | 34.9% | -8.9% | Source |
| FY2018 | $15.8B | $5.6B | 35.4% | +5.5% | Source |
| FY2017 | $15B | $3.7B | 24.6% | +11.9% | Source |
| FY2016 | $13.4B | $3.6B | 26.9% | — | Source |
Where the revenue comes from
Groq
- GroqCloud token usage
Not formally reported
Pay-per-token fees from developers and companies running models on GroqCloud.
- Dedicated and on-premises capacity
Not formally reported
Enterprise and sovereign contracts for reserved capacity or GroqRack systems.
- Technology licensing
Not formally reported
One-time non-exclusive license to Nvidia in December 2025, reported at about $20 billion.
Texas Instruments
- Analog
~78% (2024)
Power management and signal chain chips such as amplifiers, data converters, interface and isolation products. Analog revenue was about $12.16 billion of TI's $15.64 billion in 2024, and it led 2026 growth, rising 22% year over year in Q1 2026.
- Embedded Processing
~16% (2024)
Microcontrollers and processors, including C2000 real-time control MCUs, MSP430 low-power MCUs and automotive radar and processor chips. Revenue was about $2.56 billion in 2024 and grew 12% year over year in Q1 2026.
- Other (DLP, calculators, custom)
~6% (2024)
DLP display and light-steering products, education calculators such as the TI-84 Plus, and custom and legacy products.
Business model and strategy
Groq
How it makes money
Groq makes money by selling AI inference. Most customers pay per million tokens to run open-weight models (such as Llama, Qwen, Kimi and Whisper) through GroqCloud, an OpenAI-compatible API with a free tier and paid developer and enterprise plans. Larger customers buy dedicated capacity or on-premises GroqRack clusters.
Growth strategy
Since the Nvidia deal, Groq's strategy is to grow GroqCloud as a neocloud: add data center capacity across regions, sell dedicated and sovereign capacity to large customers, and run a mix of its own LPUs and Nvidia systems.
Competitive advantage
Groq's edge was speed. Because the LPU keeps model weights in on-chip SRAM and its compiler schedules every operation ahead of time, GroqCloud consistently ranked among the fastest providers in independent token-per-second benchmarks.
Texas Instruments
How it makes money
Texas Instruments operates an integrated semiconductor design and manufacturing model, specializing in high-margin analog chips and embedded processing solutions. The company manufactures tens of thousands of differentiated products sold to over 100,000 global customers across the industrial, automotive, personal electronics, communications, and enterprise systems sectors.
Growth strategy
TI's strategy has four parts. First, manufacturing: it has spent heavily on 300mm analog fabs in Richardson (RFAB2), Lehi, Utah (LFAB, bought from Micron in 2021 for $900 million) and Sherman, Texas, where SM1 began production in December 2025, with support from the U.S. CHIPS Act.
Competitive advantage
TI's edge rests on owned, mostly 300mm analog manufacturing, a very broad catalog of long-lived parts, direct reach to customers through ti.com, and a cost structure that let it generate $6.5 billion of free cash flow in the 12 months to June 2026.
Questions about Groq vs Texas Instruments
Which company has higher revenue — Groq, Inc. or Texas Instruments Inc.?
Groq, Inc. had $172.5M (unaudited) (FY2025), while Texas Instruments Inc. had $17.7B (FY2025). By latest annual revenue, Texas Instruments Inc. is the larger business, with Groq, Inc. showing a smaller revenue base.
What is the market cap of Groq, Inc. vs Texas Instruments Inc.?
Texas Instruments Inc. has a market capitalisation of $236.0B. A public market cap figure for Groq, Inc. was not available (it may be privately held).
How does revenue per employee compare for Groq, Inc. and Texas Instruments Inc.?
Texas Instruments Inc. generates $536k / employee in revenue per employee. A comparable figure for Groq, Inc. requires matching employee and revenue data from the same reporting period.
How do Groq, Inc. and Texas Instruments Inc. make money?
Groq, Inc. and Texas Instruments Inc. generate revenue in fundamentally different ways. Groq, Inc.: Groq makes money by selling AI inference. Texas Instruments Inc.: Texas Instruments operates an integrated semiconductor design and manufacturing model, specializing in high-margin analog chips and embedded processing solutions.
Is Groq, Inc. bigger than Texas Instruments Inc.?
By last reported revenue, Texas Instruments Inc. ($17.7B (FY2025)) is the larger company compared to Groq, Inc. ($172.5M (unaudited) (FY2025)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Groq vs Texas Instruments overview