TORVANTA
Information Technology · S&P 500 · data as of 2026-10-05

TXN stock analysis: Texas Instruments

Texas Instruments (TXN) is an S&P 500 company in Semiconductors. It grades weakest on value.

The model's view of TXN · subscribers

Where TXN ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with TXN · updated 2026-10-05 · from prices and SEC filings

TXN price performance

TXN against the S&P 500, one year
+0%+50%TXN +65%S&P 500 +18%2025-09-292026-10-05
Year to date+72.9%S&P 500 +14.5% · ahead by 58.3 pts
1 year+67.8%S&P 500 +17.0% · ahead by 50.7 pts
3 years+107.2%S&P 500 +89.3% · ahead by 18.0 pts
5 years+75.2%S&P 500 +91.3% · behind by 16.1 pts

Total returns with dividends reinvested.

TXN factor grades

Each grade compares TXN with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

C-ValueP/E 44.9x (industry 49.8x)FCF yield 2.0% (industry 2.5%)
B-GrowthRevenue growth +17% (industry +21%)EPS growth +20% (industry +20%)
BProfitabilityOperating margin 37.3% (industry 23.2%)ROIC 22.4% (industry 11.0%)
C+Momentum12-month change +68%From 52-wk high -11%

TXN in plain numbers

TXN key statistics

SectorInformation Technology
IndustrySemiconductors
IndexS&P 500
Market value$269.3B
Revenue growth (y/y)+17%
Free-cash-flow yield2.0%
Dividend yield1.9%
Next earnings (expected)2026-10-20
Valuation measures
Market value$269.3B
Enterprise value$279.7B
P/E (trailing)44.9x
Forward P/E (Torvanta estimate)38.3x
PEG (Torvanta estimate)2.23
Price / sales13.8x
Price / book15.0x
EV / revenue14.4x
EV / EBITDA38.6x
Financial highlights
Revenue, last 12 months$19.5B
Net income, last 12 months$6.1B
EPS, last 12 months (GAAP)$6.57
Gross margin58.3%
Operating margin37.3%
Net margin31.1%
Return on equity35.2%
Return on invested capital22.4%
Cash$3.7B
Total debt$14.1B
Debt / equity0.78x
Free cash flow, last 12 months$5.4B
Current ratio4.86x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

TXN earnings trends

Revenue vs earnings
$0$1.4B$2.7B$4.1B$5.5BSep 2024 Revenue: $4.2BDec 2024 Revenue: $4.0BMar 2025 Revenue: $4.1BJun 2025 Revenue: $4.4BSep 2025 Revenue: $4.7BDec 2025 Revenue: $4.4BMar 2026 Revenue: $4.8BJun 2026 Revenue: $5.5BSep 2024 Net income: $1.4BDec 2024 Net income: $1.2BMar 2025 Net income: $1.2BJun 2025 Net income: $1.3BSep 2025 Net income: $1.4BDec 2025 Net income: $1.2BMar 2026 Net income: $1.5BJun 2026 Net income: $2.0BSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 32.8%Net margin: 30.1%Net margin: 29.0%Net margin: 29.1%Net margin: 28.8%Net margin: 26.3%Net margin: 32.0%Net margin: 36.2%0%18%36%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.5$1.1$1.6$2.1Sep 2024 EPS (GAAP, diluted): $1.5Dec 2024 EPS (GAAP, diluted): $1.3Mar 2025 EPS (GAAP, diluted): $1.3Jun 2025 EPS (GAAP, diluted): $1.4Sep 2025 EPS (GAAP, diluted): $1.5Dec 2025 EPS (GAAP, diluted): $1.3Mar 2026 EPS (GAAP, diluted): $1.7Jun 2026 EPS (GAAP, diluted): $2.1Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +1% · Dec 2025 -3% · Mar 2026 +31% · Jun 2026 +52%

From the company's 10-Q and 10-K filings with the SEC.

Texas Instruments financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$18.3B$20.0B$17.5B$15.6B$17.7B
Net income$7.8B$8.7B$6.5B$4.8B$5.0B
EPS (GAAP)$8.26$9.41$7.06$5.20$5.44
Free cash flow$6.3B$5.9B$1.3B$1.5B$2.6B

TXN earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-22$2.14+52%+23%-0.8%
2026-04-22$1.68+31%+19%+20.4%
2026-01-27$1.27-3%+10%+9.6%
2025-10-21$1.48+1%+14%-4.4%
2025-07-22$1.41+16%+16%-14.1%
2025-04-23$1.28+7%+11%+6.8%

About Texas Instruments

HeadquartersDallas, TX
Industry (SEC code)Semiconductors & Related Devices
Fiscal year endsDecember 31
Incorporated inDE
Listed onNasdaq

From the company's SEC registration record.

Companies similar to TXN

CompanyMarket valueP/ERevenue growthOperating margin12-month change
TXN Texas Instruments$269.3B44.9x+17%37.3%+68%
MRVL Marvell Technology$237.9B89.5x+31%16.5%+215%compare
ADI Analog Devices$203.1B49.8x+34%35.5%+75%compare
QCOM Qualcomm$189.8B20.7x+2%23.2%+9%compare
MPWR Monolithic Power$72.7B90.1x+29%28.7%+62%
AMD Advanced Micro Devices$1.0T162.4x+40%15.7%+284%
NXPI NXP Semiconductors$61.1B23.2x+2%30.4%+8%

All Information Technology stock ratings

Frequently asked questions

Is TXN stock a buy?

Torvanta does not tell individuals what to buy. Its grades for TXN are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is TXN's P/E ratio?

TXN trades at about 44.9 times its last 12 months of GAAP earnings reported to the SEC, and about 38.3 times Torvanta's own estimate of the next 12 months.

When does TXN report earnings next?

Based on its filing history, Torvanta expects Texas Instruments to report around 2026-10-20.

Does TXN pay a dividend?

Yes. Its dividend yield is about 1.9%, and it has raised its dividend 13 years in a row.

How has TXN performed against the S&P 500?

Over the past year TXN returned +67.8%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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