Texas Instruments Incorporated

TXN Technology Semiconductors

Texas Instruments Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $17.7 billion, up 13.0% from fiscal 2024.

Revenue
+27.7%
EPS
+76.7%
Free cash flow
+197.4%
Total debt
−3.50%

Quarter to September 2026, against a year earlier

275.98 2.17 −0.78%
Market cap
$254.2B
P/E
35.4×
Fwd P/E
33.2×
Dividend yield
2.09%
F-score
7/9
Altman Z
8.74
Beneish M
−2.67
Dividend safety
43/100

Texas Instruments Incorporated (TXN) Operating margin

Alert me on Operating margin

Texas Instruments Incorporated's operating margin over the twelve months to 30 September 2026 was 40.8%, up 6.7 percentage points from fiscal 2025 (34.1%). Over the past ten years it has ranged from 33.3% (fiscal 2015) to 50.6% (fiscal 2022); the current reading is higher than 18% of that period. That is above the Semiconductors industry median of 7.30% and above the Technology sector median of 0.36%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 34.1% (0.88)
FY2024 34.9% (6.91)
FY2023 41.9% (8.78)
FY2022 50.6% 1.79
FY2021 48.8% 8.08
FY2020 40.8% 0.97
FY2019 39.8% (2.74)
FY2018 42.5% 1.87
FY2017 40.7% 4.35
FY2016 36.3% 3.06

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 47.5% 5.18
Jun 2026 42.3% 4.81
Mar 2026 37.5% 4.17
Dec 2025 33.3% (1.77)
43 more quarters

Against its own ten years

Low 33.3% High 50.6%
Ten-year median 40.7%
Current reading's percentile 58

Operating margin against peers

Company Operating margin
MU Micron Technology, Inc. compare 74.6%
TXN Texas Instruments Incorporated 40.8%
ADI Analog Devices, Inc. compare 35.6%
QCOM QUALCOMM Incorporated compare 20.1%
AMD Advanced Micro Devices, Inc. compare 17.7%
ARM ARM Holdings PLC Sponsored ADR compare 16.8%
MRVL Marvell Technology, Inc. compare 16.5%
INTC Intel Corporation compare 8.12%
SKHY SK Hynix, Inc. - Sponsored ADR compare —
Semiconductors industry median 7.30%
Technology sector median 0.36%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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