Texas Instruments Inc.

Texas Instruments Inc.

TXN

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Market Cap$258.48B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Texas Instruments Inc.Texas Instruments Inc.48.21.98%32%14.70.8

Earnings Call Q2 2026

July 22, 2026 - AI Summary

Q2 performance: strong, broad-based demand - Revenue $5.5B, +13% sequentially and +23% YoY (better than guidance range per management). - Segment growth: Analog +26% YoY, Embedded Processing +16% YoY; Other -2% YoY. - End markets: Industrial +~30% YoY (+~10% seq), Automotive mid-teens YoY (+upper single digits seq), Data center doubled YoY (+~20% seq), Personal electronics flat YoY (+upper single digits seq), Communications up YoY and seq. - Key narrative: customers rebuilding demand; TI’s inventory/capacity investments are helping during this increased demand period.
Gross margin / profitability: improved despite rising activity - Gross profit $3.4B = 61% of revenue; gross margin +340 bps sequentially. - Operating profit $2.3B (42% of revenue), +48% YoY. - EPS $2.14, including a $0.05 discrete tax benefit not in original guidance. - OpEx guidance posture: expecting OpEx (and related items) roughly flat Q2→Q3 (helps modeling margins), with the usual “fall-through” concept applying.
Cash flow & capital management: strong shareholder returns; balance sheet remains solid - Cash flow from operations $2.7B (T12M $8.7B). - Capex $514M in Q2; $3.3B over last 12 months. - Free cash flow (T12M) $6.5B, up vs $1.8B in Q2 2025, benefiting from $1.6B CHIPS Act incentives included in FCF. - Shareholder returns: $1.3B dividends paid in Q2; $5.8B returned in past 12 months. - Balance sheet: $7B cash & short-term investments, debt $14B (weighted average coupon 4%). - Inventory: $4.6B, down $90M sequentially; days 196 down 13 sequentially (positive for cash).

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$304.91

Target Price by Analysts

3.6% upsideTexas Instruments Target Price DetailsTarget Price
$38.55

Current Fair Value

86.9% downside

Overvalued by 86.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$258.48 Billion
Enterprise Value$269.12 Billion
Dividend Yield$5.62 (1.98%)
Earnings per Share$5.45
Beta1.31
Outstanding Shares909,000,000

Return

Return on Equity31.99%ROE
Return on Assets15.60%
Return on Invested Capital21.87%

Valuation & Multiples

P/E Ratio48.22P/E Ratio
PEG155.33PEG
Price to Sales14.71Price to Sales
Price to Book Ratio16.34Price to Book Ratio
Enterprise Value to Revenue14.6
Enterprise Value to EBIT39.32
Enterprise Value to Net Income50
Total Debt to Enterprise0.05
Debt to Equity0.85Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 22, 2026
EPS Estimate
$1.91
Average shareholder expectation
Revenue Estimate
$5.26 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 28, 2026
EPS Estimate
$1.90
Average shareholder expectation
Revenue Estimate
$5.20 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 101.94%
Total Calls- 100.00%
Total Puts8,800 99.89%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %1.96% 84.59%
Total Invested$5.14B 96.63%
Investors Holding630 1901.00%

ESG Score

No data

About Texas Instruments Inc.

CEO: Richard Templeton

Relevant Senate Committees

Joint Committee on Taxation

This non-partisan committee provides the official revenue estimates and technical analysis for all tax legislation. Its reports and expertise directly influence the corporate tax structures, capital investment credits, and overall tax burden affecting Texas Instruments.

Finance

As the most powerful economic committee, it controls taxation and trade policy. Decisions on corporate tax rates, R&D credits, and tariffs directly impact Texas Instruments' profitability, investment decisions, and global supply chain costs.

Appropriations

This committee allocates discretionary federal spending. Its subcommittees determine the precise cash flow for defense programs, scientific research, and infrastructure projects, which can directly translate into contracts, R&D funding, or demand for TXN's products.

Judiciary

This committee oversees antitrust laws and intellectual property, which are crucial for a major technology and manufacturing company like Texas Instruments. Decisions on mergers, acquisitions, and patent enforcement directly impact TXN's competitive landscape and core assets.

Armed Services

This committee oversees the Department of Defense and authorizes the annual NDAA, directly determining revenue streams and R&D funding for defense contractors. Texas Instruments' semiconductors are integral to many military technologies, making this committee highly relevant for a significant end-market.

Commerce, Science, and Transportation

This committee has broad jurisdiction over interstate commerce and regulates key customer industries for Texas Instruments, such as telecommunications, aerospace, and general technology. It also impacts science and R&D funding which is critical for semiconductor innovation.

Foreign Relations

As a global semiconductor manufacturer, Texas Instruments is heavily reliant on international trade, supply chains, and market access. This committee's decisions on sanctions, treaties, and foreign policy directly impact TXN's ability to operate and sell globally.