{ "ticker": "TXN", "cik": "0000097476", "company": "Texas Instruments Incorporated", "business_type": "industrial", "schema_template": "standard industrial/technology, extended for a semiconductor manufacturer: revenue, cost of revenue, gross profit, operating profit, net income and diluted EPS; cash and short-term investments, inventories, property/plant/equipment, total debt, total assets and equity; operating cash flow, capital expenditures, CHIPS Act incentive proceeds, free cash flow, dividends and repurchases; plus revenue and operating profit by reportable segment (Analog, Embedded Processing, Other) and revenue by geographic area, so the capital intensity and the cycle are legible", "reporting_currency": "USD", "converted_to_usd": false, "units": "actual dollars (not millions); share counts in actual shares; per-share amounts in dollars", "units_notes_seen": { "FY2025 10-K Consolidated Statements of Income": "(In millions, except per-share amounts)", "FY2025 10-K Consolidated Statements of Comprehensive Income": "(In millions)", "FY2025 10-K Consolidated Balance Sheets": "(In millions, except par value)", "FY2025 10-K Consolidated Statements of Cash Flows": "(In millions)", "FY2025 10-K Consolidated Statements of Stockholders' Equity": "(In millions, except per-share amounts)", "FY2025 10-K notes (segment, geographic area and long-term debt tables)": "All dollar and share amounts in the financial statements and tables in these notes, except per-share amounts, are presented in millions unless otherwise indicated", "FY2025 10-K MD&A free cash flow reconciliation": "All dollar amounts in the tables are stated in millions of U.S. dollars", "Q2 2026 10-Q Consolidated Statements of Income": "(In millions, except per-share amounts)", "Q2 2026 10-Q Consolidated Balance Sheets": "(In millions, except par value)", "Q2 2026 10-Q Consolidated Statements of Cash Flows": "(In millions)", "Q2 2026 10-Q Consolidated Statements of Stockholders' Equity (dividends per share)": "no separate scale note is printed on this table; the dividend rate appears in the row label in dollars per share (\"Dividends declared and paid ($ 1.42 per share)\") and the column amounts tie to the balance sheet, which is labelled \"(In millions, except par value)\"", "Q2 2026 10-Q notes (segment, geographic area and long-term debt tables)": "no separate scale note is printed on these tables; the 10-Q states the statements are prepared on the same basis as the FY2025 10-K, whose note 2 states that all dollar and share amounts in the notes' tables except per-share amounts are presented in millions, and each table's total ties to the income statement and balance sheet faces, which are labelled \"(In millions...)\"", "Q2 2026 10-Q MD&A trailing-twelve-month free cash flow reconciliation": "All dollar amounts in the tables are stated in millions of U.S. dollars", "Q2 2026 earnings release (Exhibit 99) Consolidated Statements of Income": "(In millions, except per-share amounts)", "Q2 2026 earnings release (Exhibit 99) Consolidated Balance Sheets": "(In millions, except par value)", "Q2 2026 earnings release (Exhibit 99) Consolidated Statements of Cash Flows": "(In millions)" }, "adjustments": { "splits_applied": [], "adr_ratio": null, "fx": "none: Texas Instruments reports in U.S. dollars, so no currency translation was applied" }, "annual": [ { "fiscal_year": 2025, "label": "FY2025", "period_start": "2025-01-01", "period_end": "2025-12-31", "period_type": "fiscal year", "source_accession": "0000097476-26-000059", "source_form": "10-K", "income_statement": { "revenue": 17682000000, "cost_of_revenue": 7599000000, "gross_profit": 10083000000, "research_and_development": 2083000000, "selling_general_and_administrative": 1860000000, "restructuring_charges_other": 117000000, "operating_profit": 6023000000, "other_income_expense_net": 230000000, "interest_and_debt_expense": 543000000, "income_before_income_taxes": 5710000000, "provision_for_income_taxes": 709000000, "net_income": 5001000000, "basic_eps": 5.47, "diluted_eps": 5.45, "basic_shares": 909000000, "diluted_shares": 913000000 }, "cash_flow": { "depreciation": 1918000000, "operating_cash_flow": 7153000000, "capital_expenditures": -4550000000, "chips_act_incentive_proceeds": 335000000, "investing_cash_flow": -1439000000, "dividends_paid": -4999000000, "stock_repurchases": -1477000000, "financing_cash_flow": -5689000000, "free_cash_flow_including_chips_act_proceeds": 2938000000, "free_cash_flow": 2603000000, "dividends_declared_per_share": 5.5 }, "segments": { "analog": { "revenue": 14006000000, "gross_profit": 8242000000, "operating_profit": 5412000000 }, "embedded_processing": { "revenue": 2697000000, "gross_profit": 1226000000, "operating_profit": 304000000 }, "other": { "revenue": 979000000, "gross_profit": 615000000, "operating_profit": 307000000 } }, "revenue_by_geography": { "united_states": 6763000000, "china": 3781000000, "rest_of_asia": 1887000000, "europe_middle_east_and_africa": 3747000000, "japan": 1173000000, "rest_of_world": 331000000 }, "balance_sheet": { "cash_and_cash_equivalents": 3225000000, "short_term_investments": 1656000000, "accounts_receivable_net": 1963000000, "inventories": 4804000000, "prepaid_expenses_and_other_current_assets": 2102000000, "total_current_assets": 13750000000, "property_plant_and_equipment_at_cost": 17682000000, "accumulated_depreciation": -5362000000, "property_plant_and_equipment_net": 12320000000, "goodwill": 4330000000, "total_assets": 34585000000, "current_portion_of_long_term_debt": 500000000, "accounts_payable": 756000000, "total_current_liabilities": 3159000000, "long_term_debt": 13548000000, "total_liabilities": 18312000000, "retained_earnings": 52236000000, "total_stockholders_equity": 16273000000, "total_debt": 14048000000 } }, { "fiscal_year": 2024, "label": "FY2024", "period_start": "2024-01-01", "period_end": "2024-12-31", "period_type": "fiscal year", "source_accession": "0000097476-26-000059", "source_form": "10-K", "income_statement": { "revenue": 15641000000, "cost_of_revenue": 6547000000, "gross_profit": 9094000000, "research_and_development": 1959000000, "selling_general_and_administrative": 1794000000, "restructuring_charges_other": -124000000, "operating_profit": 5465000000, "other_income_expense_net": 496000000, "interest_and_debt_expense": 508000000, "income_before_income_taxes": 5453000000, "provision_for_income_taxes": 654000000, "net_income": 4799000000, "basic_eps": 5.24, "diluted_eps": 5.2, "basic_shares": 912000000, "diluted_shares": 919000000 }, "cash_flow": { "depreciation": 1508000000, "operating_cash_flow": 6318000000, "capital_expenditures": -4820000000, "chips_act_incentive_proceeds": 0, "investing_cash_flow": -3202000000, "dividends_paid": -4795000000, "stock_repurchases": -929000000, "financing_cash_flow": -2880000000, "free_cash_flow_including_chips_act_proceeds": 1498000000, "free_cash_flow": 1498000000, "dividends_declared_per_share": 5.26 }, "segments": { "analog": { "revenue": 12161000000, "gross_profit": 7292000000, "operating_profit": 4608000000 }, "embedded_processing": { "revenue": 2533000000, "gross_profit": 1218000000, "operating_profit": 352000000 }, "other": { "revenue": 947000000, "gross_profit": 584000000, "operating_profit": 505000000 } }, "revenue_by_geography": { "united_states": 5957000000, "china": 3012000000, "rest_of_asia": 1681000000, "europe_middle_east_and_africa": 3519000000, "japan": 1212000000, "rest_of_world": 260000000 }, "balance_sheet": { "cash_and_cash_equivalents": 3200000000, "short_term_investments": 4380000000, "accounts_receivable_net": 1719000000, "inventories": 4527000000, "prepaid_expenses_and_other_current_assets": 1200000000, "total_current_assets": 15026000000, "property_plant_and_equipment_at_cost": 15254000000, "accumulated_depreciation": -3907000000, "property_plant_and_equipment_net": 11347000000, "goodwill": 4362000000, "total_assets": 35509000000, "current_portion_of_long_term_debt": 750000000, "accounts_payable": 820000000, "total_current_liabilities": 3643000000, "long_term_debt": 12846000000, "total_liabilities": 18606000000, "retained_earnings": 52262000000, "total_stockholders_equity": 16903000000, "total_debt": 13596000000 } }, { "fiscal_year": 2023, "label": "FY2023", "period_start": "2023-01-01", "period_end": "2023-12-31", "period_type": "fiscal year", "source_accession": "0000097476-26-000059", "source_form": "10-K", "coverage_note": "the FY2025 10-K presents balance sheets at December 31, 2025 and 2024 only, so no balance sheet is reported for fiscal 2023", "income_statement": { "revenue": 17519000000, "cost_of_revenue": 6500000000, "gross_profit": 11019000000, "research_and_development": 1863000000, "selling_general_and_administrative": 1825000000, "restructuring_charges_other": 0, "operating_profit": 7331000000, "other_income_expense_net": 440000000, "interest_and_debt_expense": 353000000, "income_before_income_taxes": 7418000000, "provision_for_income_taxes": 908000000, "net_income": 6510000000, "basic_eps": 7.13, "diluted_eps": 7.07, "basic_shares": 908000000, "diluted_shares": 916000000 }, "cash_flow": { "depreciation": 1175000000, "operating_cash_flow": 6420000000, "capital_expenditures": -5071000000, "chips_act_incentive_proceeds": 0, "investing_cash_flow": -4362000000, "dividends_paid": -4557000000, "stock_repurchases": -293000000, "financing_cash_flow": -2144000000, "free_cash_flow": 1349000000, "free_cash_flow_including_chips_act_proceeds": 1349000000, "dividends_declared_per_share": 5.02 }, "segments": { "analog": { "revenue": 13040000000, "gross_profit": 8425000000, "operating_profit": 5821000000 }, "embedded_processing": { "revenue": 3368000000, "gross_profit": 1875000000, "operating_profit": 1008000000 }, "other": { "revenue": 1111000000, "gross_profit": 719000000, "operating_profit": 502000000 } }, "revenue_by_geography": { "united_states": 5814000000, "china": 3293000000, "rest_of_asia": 1721000000, "europe_middle_east_and_africa": 4642000000, "japan": 1782000000, "rest_of_world": 267000000 } } ], "quarterly": [ { "fiscal_year": 2026, "fiscal_quarter": 2, "label": "Q2 2026", "period_start": "2026-04-01", "period_end": "2026-06-30", "period_type": "three months", "source_accession": "0000097476-26-000152", "source_form": "10-Q", "cash_flow_source_accession": "0000097476-26-000148", "cash_flow_source_note": "the 10-Q presents cash flows for the six months ended June 30, 2026 only; the three-month cash flow statement is printed in the second quarter 2026 earnings release furnished as Exhibit 99 to the Form 8-K filed July 22, 2026", "income_statement": { "revenue": 5463000000, "cost_of_revenue": 2111000000, "gross_profit": 3352000000, "research_and_development": 535000000, "selling_general_and_administrative": 490000000, "acquisition_charges": 17000000, "operating_profit": 2310000000, "other_income_expense_net": 69000000, "interest_and_debt_expense": 141000000, "income_before_income_taxes": 2238000000, "provision_for_income_taxes": 258000000, "net_income": 1980000000, "basic_eps": 2.16, "diluted_eps": 2.14, "basic_shares": 912000000, "diluted_shares": 920000000 }, "balance_sheet": { "cash_and_cash_equivalents": 3660000000, "short_term_investments": 3341000000, "accounts_receivable_net": 2520000000, "inventories": 4605000000, "prepaid_expenses_and_other_current_assets": 1631000000, "total_current_assets": 15757000000, "property_plant_and_equipment_at_cost": 17856000000, "accumulated_depreciation": -5945000000, "property_plant_and_equipment_net": 11911000000, "goodwill": 4330000000, "total_assets": 35882000000, "current_portion_of_long_term_debt": 1149000000, "accounts_payable": 680000000, "total_current_liabilities": 3244000000, "long_term_debt": 12903000000, "total_liabilities": 17875000000, "retained_earnings": 53161000000, "total_stockholders_equity": 18007000000, "total_debt": 14052000000 }, "cash_flow": { "depreciation": 547000000, "operating_cash_flow": 2703000000, "capital_expenditures": -514000000, "chips_act_incentive_proceeds": 549000000, "investing_cash_flow": -1702000000, "dividends_paid": -1295000000, "stock_repurchases": -27000000, "financing_cash_flow": -890000000, "free_cash_flow_including_chips_act_proceeds": 2738000000, "free_cash_flow": 2189000000, "dividends_declared_per_share": 1.42 }, "segments": { "analog": { "revenue": 4365000000, "gross_profit": 2729000000, "operating_profit": 1992000000 }, "embedded_processing": { "revenue": 788000000, "gross_profit": 408000000, "operating_profit": 168000000 }, "other": { "revenue": 310000000, "gross_profit": 215000000, "operating_profit": 150000000 } }, "revenue_by_geography": { "united_states": 2131000000, "china": 1223000000, "rest_of_asia": 606000000, "europe_middle_east_and_africa": 1075000000, "japan": 330000000, "rest_of_world": 98000000 } }, { "fiscal_year": 2025, "fiscal_quarter": 2, "label": "Q2 2025", "period_start": "2025-04-01", "period_end": "2025-06-30", "period_type": "three months", "source_accession": "0000097476-26-000152", "source_form": "10-Q", "cash_flow_source_accession": "0000097476-26-000148", "balance_sheet_source_accession": "0000097476-26-000148", "cash_flow_source_note": "the 10-Q presents cash flows for the six months ended June 30, 2025 only; the three-month cash flow statement for 2025 is printed in the second quarter 2026 earnings release furnished as Exhibit 99 to the Form 8-K filed July 22, 2026", "balance_sheet_source_note": "the 10-Q presents balance sheets at June 30, 2026 and December 31, 2025; the unaudited balance sheet at June 30, 2025 is printed in the second quarter 2026 earnings release furnished as Exhibit 99 to the Form 8-K filed July 22, 2026", "income_statement": { "revenue": 4448000000, "cost_of_revenue": 1873000000, "gross_profit": 2575000000, "research_and_development": 527000000, "selling_general_and_administrative": 485000000, "acquisition_charges": 0, "operating_profit": 1563000000, "other_income_expense_net": 48000000, "interest_and_debt_expense": 133000000, "income_before_income_taxes": 1478000000, "provision_for_income_taxes": 183000000, "net_income": 1295000000, "basic_eps": 1.42, "diluted_eps": 1.41, "basic_shares": 908000000, "diluted_shares": 912000000 }, "balance_sheet": { "cash_and_cash_equivalents": 3044000000, "short_term_investments": 2315000000, "accounts_receivable_net": 1934000000, "inventories": 4812000000, "prepaid_expenses_and_other_current_assets": 2379000000, "total_current_assets": 14484000000, "property_plant_and_equipment_at_cost": 16878000000, "accumulated_depreciation": -4557000000, "property_plant_and_equipment_net": 12321000000, "goodwill": 4362000000, "total_assets": 34933000000, "current_portion_of_long_term_debt": 0, "accounts_payable": 881000000, "total_current_liabilities": 2492000000, "long_term_debt": 14043000000, "total_liabilities": 18530000000, "retained_earnings": 52249000000, "total_stockholders_equity": 16403000000, "total_debt": 14043000000 }, "cash_flow": { "depreciation": 460000000, "operating_cash_flow": 1860000000, "capital_expenditures": -1305000000, "chips_act_incentive_proceeds": 0, "investing_cash_flow": -1335000000, "dividends_paid": -1235000000, "stock_repurchases": -302000000, "financing_cash_flow": -244000000, "free_cash_flow": 555000000, "free_cash_flow_including_chips_act_proceeds": 555000000, "dividends_declared_per_share": 1.36 }, "segments": { "analog": { "revenue": 3452000000, "gross_profit": 2057000000, "operating_profit": 1325000000 }, "embedded_processing": { "revenue": 679000000, "gross_profit": 314000000, "operating_profit": 85000000 }, "other": { "revenue": 317000000, "gross_profit": 204000000, "operating_profit": 153000000 } }, "revenue_by_geography": { "united_states": 1707000000, "china": 985000000, "rest_of_asia": 487000000, "europe_middle_east_and_africa": 891000000, "japan": 295000000, "rest_of_world": 83000000 } } ], "year_to_date": { "fiscal_year": 2026, "label": "Six months ended June 30, 2026", "period_start": "2026-01-01", "period_end": "2026-06-30", "period_type": "six months", "source_accession": "0000097476-26-000152", "source_form": "10-Q", "income_statement": { "revenue": 10288000000, "cost_of_revenue": 4137000000, "gross_profit": 6151000000, "research_and_development": 1045000000, "selling_general_and_administrative": 954000000, "acquisition_charges": 34000000, "operating_profit": 4118000000, "other_income_expense_net": 116000000, "interest_and_debt_expense": 282000000, "income_before_income_taxes": 3952000000, "provision_for_income_taxes": 427000000, "net_income": 3525000000, "basic_eps": 3.85, "diluted_eps": 3.82, "basic_shares": 911000000, "diluted_shares": 917000000 }, "cash_flow": { "depreciation": 1088000000, "operating_cash_flow": 4223000000, "capital_expenditures": -1190000000, "chips_act_incentive_proceeds": 1104000000, "investing_cash_flow": -1749000000, "dividends_paid": -2586000000, "stock_repurchases": -185000000, "financing_cash_flow": -2039000000, "free_cash_flow": 3033000000, "free_cash_flow_including_chips_act_proceeds": 4137000000, "dividends_declared_per_share": 2.84 }, "segments": { "analog": { "revenue": 8289000000, "gross_profit": 5064000000, "operating_profit": 3630000000 }, "embedded_processing": { "revenue": 1511000000, "gross_profit": 757000000, "operating_profit": 290000000 }, "other": { "revenue": 488000000, "gross_profit": 330000000, "operating_profit": 198000000 } }, "revenue_by_geography": { "united_states": 3927000000, "china": 2247000000, "rest_of_asia": 1161000000, "europe_middle_east_and_africa": 2145000000, "japan": 619000000, "rest_of_world": 189000000 } }, "prior_year_to_date": { "fiscal_year": 2025, "label": "Six months ended June 30, 2025", "period_start": "2025-01-01", "period_end": "2025-06-30", "period_type": "six months", "source_accession": "0000097476-26-000152", "source_form": "10-Q", "income_statement": { "revenue": 8517000000, "cost_of_revenue": 3629000000, "gross_profit": 4888000000, "research_and_development": 1044000000, "selling_general_and_administrative": 957000000, "acquisition_charges": 0, "operating_profit": 2887000000, "other_income_expense_net": 128000000, "interest_and_debt_expense": 261000000, "income_before_income_taxes": 2754000000, "provision_for_income_taxes": 280000000, "net_income": 2474000000, "basic_eps": 2.71, "diluted_eps": 2.69, "basic_shares": 909000000, "diluted_shares": 914000000 }, "cash_flow": { "depreciation": 884000000, "operating_cash_flow": 2709000000, "capital_expenditures": -2428000000, "chips_act_incentive_proceeds": 260000000, "investing_cash_flow": -82000000, "dividends_paid": -2473000000, "stock_repurchases": -955000000, "financing_cash_flow": -2783000000, "free_cash_flow": 281000000, "free_cash_flow_including_chips_act_proceeds": 541000000, "dividends_declared_per_share": 2.72 }, "segments": { "analog": { "revenue": 6662000000, "gross_profit": 3971000000, "operating_profit": 2531000000 }, "embedded_processing": { "revenue": 1326000000, "gross_profit": 586000000, "operating_profit": 125000000 }, "other": { "revenue": 529000000, "gross_profit": 331000000, "operating_profit": 231000000 } }, "revenue_by_geography": { "united_states": 3225000000, "china": 1811000000, "rest_of_asia": 925000000, "europe_middle_east_and_africa": 1827000000, "japan": 570000000, "rest_of_world": 159000000 } }, "trailing_twelve_months": { "fiscal_year": 2026, "label": "Twelve months ended June 30, 2026", "period_start": "2025-07-01", "period_end": "2026-06-30", "period_type": "trailing twelve months", "source_accession": "0000097476-26-000152", "source_form": "10-Q", "derivation": "revenue, cash flow from operations, capital expenditures, proceeds from CHIPS Act incentives and the company-defined free cash flow are printed for the twelve months ended June 30, 2026 in the 10-Q's non-GAAP reconciliation (accession 0000097476-26-000152). Every other figure here is fiscal 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025.", "cash_flow": { "operating_cash_flow": 8667000000, "capital_expenditures": -3312000000, "chips_act_incentive_proceeds": 1179000000, "free_cash_flow_including_chips_act_proceeds": 6534000000, "depreciation": 2122000000, "investing_cash_flow": -3106000000, "dividends_paid": -5112000000, "stock_repurchases": -707000000, "financing_cash_flow": -4945000000, "free_cash_flow": 5355000000 }, "income_statement": { "revenue": 19453000000, "cost_of_revenue": 8107000000, "gross_profit": 11346000000, "research_and_development": 2084000000, "selling_general_and_administrative": 1857000000, "operating_profit": 7254000000, "other_income_expense_net": 218000000, "interest_and_debt_expense": 564000000, "income_before_income_taxes": 6908000000, "provision_for_income_taxes": 856000000, "net_income": 6052000000, "restructuring_charges_other": 117000000, "acquisition_charges": 34000000, "basic_eps": 6.61, "diluted_eps": 6.58 } }, "notes": [ "Three filings supply every figure here: the fiscal 2025 Form 10-K filed February 6, 2026 (accession 0000097476-26-000059) for fiscal 2025, 2024 and 2023; the Form 10-Q for the quarter ended June 30, 2026 filed July 24, 2026 (accession 0000097476-26-000152) for the June 2026 quarter, the two six-month periods, the trailing-twelve-month view and the balance sheet at June 30, 2026; and the second quarter 2026 earnings release furnished as Exhibit 99 to the Form 8-K filed July 22, 2026 (accession 0000097476-26-000148) for the three-month cash flow statements and the balance sheet at June 30, 2025. Every period records the accession its figures came from, and blocks sourced from a different filing than the rest of their period carry their own accession.", "The 10-Q's cash flow statement covers the six months ended June 30, 2026 and 2025 only. Every three-month cash flow figure here, for the June 2026 and the June 2025 quarter alike, therefore comes from the second quarter 2026 earnings release (accession 0000097476-26-000148), which prints a full three-month cash flow statement for both years; each quarter carries that accession on its cash flow block.", "Texas Instruments defines free cash flow as cash flow from operations less capital expenditures plus proceeds from U.S. CHIPS and Science Act incentives. That is the measure reported here as free_cash_flow_including_chips_act_proceeds: $2.94 billion for fiscal 2025 and $1.50 billion for fiscal 2024 as printed in the 10-K, $2.74 billion for the June 2026 quarter as printed in the earnings release, and $6.53 billion for the twelve months ended June 30, 2026 as printed in the 10-Q. free_cash_flow is the plain measure, operating cash flow less capital expenditures, and is lower by the CHIPS Act proceeds in every period that received any.", "Cash outflows keep the sign the statements print, so capital expenditures, dividends paid, stock repurchases and the investing and financing totals are negative.", "The 10-K presents balance sheets at December 31, 2025 and 2024 only, so fiscal 2023 carries an income statement, cash flow statement, segment results and geographic revenue but no balance sheet.", "total_debt is the \"Total debt, including net unamortized discounts, premiums and issuance costs\" line of the long-term debt note: $14,048 million at December 31, 2025, $13,596 million at December 31, 2024 and $14,052 million at June 30, 2026. That note is not reproduced in the earnings release, so total debt at June 30, 2025 is the current portion plus long-term debt shown on the release's balance sheet, $14,043 million.", "The reported groupings are Analog, Embedded Processing and Other. Other holds DLP products, calculators and custom ASIC products together with acquisition, restructuring and certain corporate items, so the three sum to consolidated revenue, gross profit and operating profit in every period shown.", "Acquisition charges of $17 million in the June 2026 quarter and $34 million in the first six months of 2026 are transaction costs for the pending acquisition of Silicon Labs, announced February 4, 2026 at $231.00 per share in cash for a total enterprise value of about $7.5 billion. The 10-Q states the transaction is expected to close in the first half of 2027 and that a 364-day delayed draw term loan facility for borrowings of up to $5 billion was entered into in June 2026, with nothing outstanding at June 30, 2026.", "Earnings per share are struck under the two-class method: part of net income is allocated to unvested restricted stock units that carry dividend equivalents, so diluted EPS uses income allocated to common stock ($4,973 million of fiscal 2025's $5,001 million of net income; $1,969 million of the $1,980 million earned in the June 2026 quarter) rather than net income itself. Net income divided by the diluted share count therefore runs a cent or two above reported diluted EPS in every period.", "The six-month periods and the trailing twelve months sit in their own blocks (year_to_date, prior_year_to_date, trailing_twelve_months). The quarterly list holds only discrete three-month periods and the annual list only full fiscal years.", "Revenue, cash flow from operations, capital expenditures, CHIPS Act incentive proceeds and the company-defined free cash flow for the twelve months ended June 30, 2026 are printed in the 10-Q. Every other figure in that block is fiscal 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025, and the five printed figures match that arithmetic exactly.", "Dividends declared and paid per share are printed in the row labels of the statements of stockholders' equity: $5.50, $5.26 and $5.02 for fiscal 2025, 2024 and 2023, and $1.42 and $1.36 for the June 2026 and June 2025 quarters. The six-month rates of $2.84 and $2.72 add the two quarterly rates in each period.", "revenue_by_geography follows the company's own estimate of revenue by the geographic location of the end customer's headquarters, which it describes as where critical decisions are made, rather than where product is shipped.", "The 10-K states that certain amounts in prior periods' financial statements were reclassified to conform to the 2025 presentation.", "Texas Instruments reports in U.S. dollars, has no stock split on record over the periods covered, and its shares are ordinary common stock rather than American depositary shares, so no currency translation, split restatement or depositary-ratio adjustment was applied." ], "uncertainties": [ "Trailing-twelve-month diluted EPS of $6.58 (basic $6.61) is the sum of the reported per-share amounts on the same fiscal 2025 plus six months less six months basis. The company reports no per-share figure for a trailing twelve-month period, and no weighted diluted share count is given in that block because none is reported for such a period.", "Free cash flow for fiscal 2023 ($1,349 million) is calculated from the operating cash flow and capital expenditures printed for that year. It does not appear in a published free cash flow reconciliation \u2014 the one in the fiscal 2025 10-K covers fiscal 2025 and 2024 only \u2014 and CHIPS Act incentive proceeds were nil in fiscal 2023, so the plain and company-defined measures coincide there. Free cash flow for the June 2025 quarter ($555 million) is calculated the same way, and it agrees with the free cash flow Texas Instruments reconciled for the three months ended June 30, 2025 in its second quarter 2025 earnings release (accession 0000097476-25-000033), which prints cash flow from operations (GAAP) of $1,860 million, capital expenditures of $1,305 million, no proceeds from CHIPS Act incentives and free cash flow (non-GAAP) of $555 million; CHIPS Act incentive proceeds being nil, the plain and company-defined measures coincide in that quarter too.", "The balance sheet at June 30, 2025 comes from the second quarter 2026 earnings release (accession 0000097476-26-000148) rather than from a 10-Q, and is unaudited; the 10-Q for the June 2026 quarter prints balance sheets at June 30, 2026 and December 31, 2025 only. Total debt at that date is the sum of the current portion and long-term debt on that balance sheet.", "The segment, geographic area and debt tables in the 10-Q carry no scale note of their own. They are read in millions: that is the basis the 10-K states for the tables in its notes, the 10-Q states it is prepared on the same basis as the 10-K, and each table's totals tie exactly to the income statement and balance sheet faces, which are labelled in millions.", "The six-month dividend rates of $2.84 and $2.72 per share add the two quarterly rates printed in the statements of stockholders' equity; no six-month rate is printed." ], "headline": { "period": "Q2 FY2026", "period_end_words": "June 30, 2026", "metrics": [ { "label": "Revenue", "format": "usd", "value": 5463000000, "text": "$5.46 billion", "exact": "$5,463,000,000", "compact": "$5.46B", "abs": "$5.46 billion", "prior_value": 4448000000, "prior": "$4.45 billion", "priorabs": "$4.45 billion", "yoy": "up 22.8%", "source": { "array": "quarterly", "field": "income_statement.revenue", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0000097476-26-000152", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0000097476-26-000152", "gap_days": 365 } }, { "label": "Diluted EPS", "format": "eps", "value": 2.14, "text": "$2.14", "exact": "$2.14", "compact": "$2.14", "abs": "$2.14", "prior_value": 1.41, "prior": "$1.41", "priorabs": "$1.41", "yoy": "up 51.8%", "source": { "array": "quarterly", "field": "income_statement.diluted_eps", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0000097476-26-000152", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0000097476-26-000152", "gap_days": 365 } }, { "label": "Net income", "format": "usd", "value": 1980000000, "text": "$1.98 billion", "exact": "$1,980,000,000", "compact": "$1.98B", "abs": "$1.98 billion", "prior_value": 1295000000, "prior": "$1.29 billion", "priorabs": "$1.29 billion", "yoy": "up 52.9%", "source": { "array": "quarterly", "field": "income_statement.net_income", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0000097476-26-000152", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0000097476-26-000152", "gap_days": 365 } }, { "label": "Gross profit", "format": "usd", "value": 3352000000, "text": "$3.35 billion", "exact": "$3,352,000,000", "compact": "$3.35B", "abs": "$3.35 billion", "prior_value": 2575000000, "prior": "$2.58 billion", "priorabs": "$2.58 billion", "yoy": "up 30.2%", "source": { "array": "quarterly", "field": "income_statement.gross_profit", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0000097476-26-000152", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0000097476-26-000152", "gap_days": 365 } }, { "label": "Free cash flow including CHIPS Act proceeds", "format": "usd", "value": 2738000000, "text": "$2.74 billion", "exact": "$2,738,000,000", "compact": "$2.74B", "abs": "$2.74 billion", "prior_value": 555000000, "prior": "$555 million", "priorabs": "$555 million", "yoy": "up 393.3%", "source": { "array": "quarterly", "field": "cash_flow.free_cash_flow_including_chips_act_proceeds", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0000097476-26-000148", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0000097476-26-000148", "gap_days": 365 } } ], "summary": "Texas Instruments reported $5.46 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026, up 22.8% from a year earlier, with diluted earnings per share of $2.14, up 51.8%. Net income was $1.98 billion, up 52.9%, and gross profit of $3.35 billion grew faster than revenue, up 30.2%, as higher shipments of the analog and embedded processing chips Texas Instruments makes in its own factories outpaced the higher manufacturing costs of its capacity expansion. Free cash flow, which Texas Instruments defines as cash flow from operations less capital expenditures plus proceeds from U.S. CHIPS and Science Act incentives, was $2.74 billion, up 393.3%, an increase driven mainly by capital spending that ran well below the prior-year rate and by CHIPS Act incentive proceeds received in the quarter rather than by growth in operating cash flow, which rose far more modestly.", "qa": [ { "q": "How much revenue did Texas Instruments report in Q2 FY2026?", "a": "Texas Instruments reported $5.46 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026. That is up 22.8% from $4.45 billion in the same quarter a year earlier, an increase management attributed to higher demand in its Analog segment and, to a lesser extent, Embedded Processing." }, { "q": "What was Texas Instruments' earnings per share in Q2 FY2026?", "a": "Texas Instruments reported diluted earnings per share of $2.14 for Q2 FY2026, up 51.8% from $1.41 in the same quarter a year earlier. Net income was $1.98 billion, up 52.9%." }, { "q": "How much gross profit did Texas Instruments make in Q2 FY2026?", "a": "Texas Instruments reported gross profit of $3.35 billion for Q2 FY2026, up 30.2% from $2.58 billion a year earlier. Gross profit rose faster than revenue, which was up 22.8%, because the added revenue more than covered the higher manufacturing costs that come with the company's new 300mm wafer capacity." }, { "q": "What was Texas Instruments' free cash flow in Q2 FY2026?", "a": "Texas Instruments reported free cash flow of $2.74 billion for Q2 FY2026, up 393.3% from $555 million a year earlier. That figure follows the company's own definition, cash flow from operations less capital expenditures plus proceeds from U.S. CHIPS and Science Act incentives, and most of the year-over-year increase came from capital spending that ran well below the prior-year rate and from CHIPS Act incentive proceeds received in the quarter rather than from growth in operating cash flow, which rose far more modestly." } ] }, "company_details": { "Name": "Texas Instruments Inc", "Ticker": "TXN", "CIK": "0000097476", "Exchange": "Nasdaq", "State": "Texas", "Incorporation": "Delaware", "SIC": "3674", "Office": "Manufacturing", "Industry": "Semiconductors & Related Devices" }, "next_filing": { "predicted_date": "2026-10-22", "predicted_type": "10-Q" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q2", "tag": "FY26Q2", "period_end": "2026-06-30", "form": "10-Q", "accession": "0000097476-26-000152", "fiscal_year_end": "1231", "source": "facts" }, "source_filings": [ { "role": "annual", "current": false, "form": "10-K", "fiscal_year": 2025, "fiscal_period": "FY", "tag": "FY25", "period_end": "2025-12-31", "filed": "2026-02-06", "accession": "0000097476-26-000059", "url": "https://www.sec.gov/Archives/edgar/data/97476/000009747626000059/0000097476-26-000059-index.htm", "source": "reported" }, { "role": "quarterly", "current": true, "form": "10-Q", "fiscal_year": 2026, "fiscal_period": "Q2", "tag": "FY26Q2", "period_end": "2026-06-30", "filed": "2026-07-24", "accession": "0000097476-26-000152", "url": "https://www.sec.gov/Archives/edgar/data/97476/000009747626000152/0000097476-26-000152-index.htm", "source": "facts" } ] }