Texas Instruments Inc.

Q3 performance: strong growth + very high profitability - Revenue $6.1B, +11% sequentially and +28% YoY. - Segment momentum: Analog +32% YoY, Embedded Processing +21% YoY; “Other” -6% YoY. - End-market strength (YoY): Industrial +40%+, Automotive mid-teens %, Data Center +~95% YoY, Personal Electronics ~flat YoY, Communications Equipment up both YoY and QoQ. - Gross profit $3.9B (64% margin); gross margin expanded ~280 bps sequentially (driven primarily by higher revenue; also pricing loadings + mix).

Q4 guidance / expectations (investor-relevant forecast) - Revenue outlook: $5.8B to $6.3B (Q4). - EPS outlook: $2.45 to $2.79. - Effective tax rate ~13% in Q4; for 2027 ~13–14%. - OpEx: flat to slightly up in Q4; other items (acquisition charges / net other income and expense) expected similar to Q3.

Capital return + balance sheet / cash flow (dividends, buyback context) - Cash flow from operations: $3.4B in Q3; $9.9B trailing 12 months. - Free cash flow: $8.4B trailing 12 months (includes $1.6B CHIPS incentives). - Dividends: paid $1.3B in the quarter; in September increased dividend +7% to $1.52/share (now 23 consecutive annual increases). - Returned $5.8B to owners over the past 12 months. - Balance sheet: $8.1B cash & short-term investments; debt $13.65B (weighted avg coupon 4.11%); repaid $500M debt in quarter.