Texas Instruments (TXN) designs and manufactures semiconductors, which are sold to electronics designers and manufacturers globally. The company operates primarily through two reportable segments: Analog and Embedded Processing, with additional activities reported under "Other" . Texas Instruments focuses on industrial and automotive markets, which together represented about 75% of its revenue in 2023 .
- Analog - Designs and produces semiconductors used to manage power and convert real-world signals into digital data, including Power and Signal Chain product lines.
- Power - Manages power in electronic devices.
- Signal Chain - Converts real-world signals into digital data.
- Embedded Processing - Develops microcontrollers, digital signal processors, and applications processors that serve as the digital "brains" of electronic equipment, particularly in industrial and automotive markets.
- Microcontrollers - Provides control functions in electronic devices.
- Digital Signal Processors - Processes digital signals for various applications.
- Applications Processors - Powers complex applications in electronic devices.
- Other - Includes DLP® products, calculators, and custom ASIC products.
- DLP® Products - Offers digital light processing technology.
- Calculators - Manufactures calculators for educational and professional use.
- Custom ASIC Products - Designs custom application-specific integrated circuits.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Haviv Ilan ExecutiveBoard | President and CEO | None | Haviv Ilan has been with TXN for over 20 years, serving in various senior roles, and became President and CEO in 2023. | View Report → |
Amichai Ron Executive | Senior Vice President | None | Amichai Ron is a Senior Vice President in the Embedded Processing division, involved in product development and collaborations. | |
Hagop H. Kozanian Executive | Senior Vice President | None | Hagop H. Kozanian has been with TXN for more than five years and became an executive officer in 2018. | |
Kyle M. Flessner Executive | Senior Vice President | None | Kyle M. Flessner announced his intention to retire effective April 1, 2024, and has been an executive officer since 2018. | |
Rafael R. Lizardi Executive | Senior Vice President and CFO | None | Rafael R. Lizardi is the CFO of TXN, certifying periodic reports, including the Annual Report for FY 2024. | |
Carrie S. Cox Board | Director | Director at Organon & Co. and Cartesian Therapeutics, Inc. | Carrie S. Cox has extensive experience in the pharmaceutical industry and serves on the boards of Organon & Co. and Cartesian Therapeutics, Inc. | |
Curtis C. Farmer Board | Director | Chairman, President, and CEO of Comerica Incorporated | Curtis C. Farmer joined the TXN board in 2023 and has a distinguished career at Comerica Incorporated. | |
Janet F. Clark Board | Director | Director at EOG Resources, Inc. and Resources for the Future | Janet F. Clark joined the TXN board in 2015, with a background in financial leadership roles in the energy sector. | |
Jean M. Hobby Board | Director | Director at Hewlett Packard Enterprise Company and Integer Holdings Corporation | Jean M. Hobby joined the TXN board in 2016, bringing expertise in audit, financial control, and strategic planning. | |
Mark A. Blinn Board | Director | Director at Emerson Electric Co., Globe Life Inc., and Leggett & Platt, Incorporated | Mark A. Blinn has been a director at TXN for 11 years, with extensive experience in leadership and financial roles. | |
Martin S. Craighead Board | Director | Director at Emerson Electric Co. | Martin S. Craighead was the former Chairman and CEO of Baker Hughes Inc. and currently serves as a director at Emerson Electric Co. | |
Pamela H. Patsley Board | Director | Director at Hilton Grand Vacations Inc., Keurig Dr Pepper Inc., and Payoneer Global Inc. | Pamela H. Patsley has held leadership roles in financial services and serves on the boards of Hilton Grand Vacations Inc., Keurig Dr Pepper Inc., and Payoneer Global Inc. | |
Reginald DesRoches Board | Director | Board Member at Brandywine Realty Trust | Reginald DesRoches is the President of Rice University and joined the TXN board in 2024. | |
Richard K. Templeton Board | Chairman of the Board | None | Richard K. Templeton has been with TXN for 28 years, serving as President and CEO until 2023, and has been Chairman since 2008. | |
Robert E. Sanchez Board | Director | Chairman and CEO of Ryder System, Inc. | Robert E. Sanchez is the Chairman and CEO of Ryder System, Inc. and joined the TXN board in 2024. | |
Ronald Kirk Board | Director | Senior of Counsel at Gibson, Dunn & Crutcher LLP; Director at Mister Car Wash, Inc. | Ronald Kirk is a former U.S. Trade Representative and serves as senior of counsel at Gibson, Dunn & Crutcher LLP, and as a director at Mister Car Wash, Inc. | |
Todd M. Bluedorn Board | Director | Director at Samsara Inc. | Todd M. Bluedorn served as Chairman and CEO of Lennox International Inc. and is currently a director at Samsara Inc. |
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With inventory levels reaching $4.3 billion and plans to further increase inventories despite moderating factory loadings, how do you intend to mitigate the risks of excess inventory amid cyclical uncertainty, and what impact might this have on your margins and cash flow?
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Embedded Processing revenue declined 27% year-over-year; can you elaborate on the specific strategies you're implementing to address this significant underperformance, and when do you anticipate seeing a turnaround in this segment?
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You've noted that while China has experienced strong sequential growth, other regions have not followed suit due to asynchronous market behaviors; what actions are you taking to stimulate demand recovery in non-Chinese markets, and when do you expect these markets to rebound?
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Considering that high inventory levels and low customer order visibility could lead to demand forecasting challenges, how are you managing production planning to prevent overproduction and potential inventory write-downs?
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Operating profit decreased by 18% compared to the same quarter last year, and net income similarly declined; what initiatives are in place to address these profitability concerns, and how do you plan to improve margins in light of declining revenues?
Research analysts who have asked questions during TEXAS INSTRUMENTS earnings calls.
Stacy Rasgon
Bernstein Research
5 questions for TXN
Joseph Moore
Morgan Stanley
4 questions for TXN
Timothy Arcuri
UBS
4 questions for TXN
Christopher Caso
Wolfe Research
3 questions for TXN
Christopher Danely
Citigroup Inc.
3 questions for TXN
Ross Seymore
Deutsche Bank
3 questions for TXN
Thomas O’Malley
Barclays Capital
3 questions for TXN
Vivek Arya
Bank of America Corporation
3 questions for TXN
William Stein
Truist Securities
3 questions for TXN
Blaine Curtis
Jefferies
2 questions for TXN
Christopher Muse
Cantor Fitzgerald
2 questions for TXN
Harlan Sur
JPMorgan Chase & Co.
2 questions for TXN
James Snyder
Goldman Sachs
2 questions for TXN
Joshua Buchalter
TD Cowen
2 questions for TXN
Ross Seymour
Deutsche Bank
2 questions for TXN
Tore Svanberg
Stifel Financial Corp.
2 questions for TXN
Torres Vanberg
Stifel
2 questions for TXN
Chris Caso
Wolfe Research LLC
1 question for TXN
CJ Muse
Cantor Fitzgerald
1 question for TXN
Jim Schneider
Goldman Sachs
1 question for TXN
Toshiya Hari
Goldman Sachs Group, Inc.
1 question for TXN
Recent press releases and 8-K filings for TXN.
- China’s Ministry of Commerce has issued detailed questionnaires to US analog IC producers, including Texas Instruments, requiring responses within 37 days.
- The probe covers alleged dumping from Jan 1 to Dec 31, 2024, with an injury assessment period from Jan 1, 2022 to Dec 31, 2024, and may conclude within 12–18 months.
- It demands transaction-level data on sales, costs, profits, logistics, and customer details in both Chinese and home markets.
- The investigation is viewed as a retaliatory measure amid US export restrictions on advanced AI and graphics hardware, highlighting increased regulatory scrutiny in the semiconductor sector.
- Texas Instruments reported Q3 revenue of $4.74 billion, up 14.2% year-over-year, and GAAP EPS of $1.48.
- For Q4, the company guided revenue of $4.22 billion to $4.58 billion (midpoint $4.4 billion) and EPS of $1.13 to $1.39 (midpoint $1.26), missing analyst forecasts.
- Operating margin declined to 35.1% (from 37.4%), while free-cash-flow margin improved to 22.5% (from 10%).
- Shares fell over 7% in after-hours trading to about $167.70 on the softer outlook.
- Revenue of $4.7 billion, up 7% sequentially and 14% year-over-year; Analog (+16%) and Embedded Processing (+9%) both grew sequentially and annually.
- Gross margin 57%, gross profit $2.7 billion; operating profit $1.7 billion (35% of revenue); net income $1.4 billion, EPS $1.48 (includes $0.10 restructuring).
- Free cash flow on a trailing-twelve-month basis of $2.4 billion; returned $6.6 billion to shareholders over 12 months, including a 22nd consecutive dividend increase; cash and short-term investments $5.2 billion, total debt $14 billion.
- Q4 guidance: revenue $4.22 billion–$4.58 billion, EPS $1.13–$1.39, assuming a ~13% effective tax rate and moderated wafer loadings to manage inventory levels.
- Haviv Vollon elected Chairman of the Board effective January 2026, succeeding Rich Templeton.
- Q3 revenue was $4.7 billion, up 14% YoY and 7% QoQ; Analog grew 16% YoY, Embedded Processing 9% YoY, and Other 11% YoY, with Industrial up 25% YoY and Automotive up ~10% QoQ.
- Gross profit totaled $2.7 billion (57% margin, –50 bps QoQ); operating profit was $1.7 billion (35% margin, +7% YoY), and net income was $1.4 billion or $1.48 EPS, including a $0.10 charge for restructuring and fab closures.
- Q4 guidance calls for revenue of $4.22–4.58 billion, EPS of $1.13–1.39, and an effective tax rate of ~13%.
- In Q3, operating cash flow was $2.2 billion, capex was $1.2 billion, free cash flow on a TTM basis was $2.4 billion, dividends rose 4% (22nd consecutive year), and $119 million of stock was repurchased, returning $6.6 billion to shareholders over 12 months.
- Haviv Ilan will become Chairman of the Board in January 2026, succeeding Richard Templeton after his 45-year career at TI.
- Texas Instruments reported third-quarter revenue of $4.74 billion (up 14% YoY), net income of $1.36 billion, and EPS of $1.48.
- Trailing 12-month cash flow from operations was $6.9 billion, with free cash flow of $2.4 billion.
- Over the past 12 months, TI returned $6.6 billion to shareholders, comprising $4.9 billion in dividends and $1.6 billion in share repurchases.
- TI’s Q4 2025 outlook projects revenue of $4.22 billion to $4.58 billion and EPS of $1.13 to $1.39.
- Texas Instruments reported third quarter revenue of $4.74 billion, net income of $1.36 billion and EPS of $1.48, with revenue up 7% sequentially and 14% year-over-year.
- Trailing 12-month cash flow from operations of $6.9 billion and free cash flow of $2.4 billion.
- During the past 12 months, the company invested $3.9 billion in R&D and SG&A, $4.8 billion in capital expenditures and returned $6.6 billion to shareholders.
- Fourth quarter 2025 outlook: revenue of $4.22 billion to $4.58 billion and EPS of $1.13 to $1.39.
- TI plans to raise its quarterly cash dividend 4% to $1.42 per share (or $5.68 annualized), payable November 12, 2025, to shareholders of record October 31, 2025, pending board declaration in October.
- This increase marks 22 consecutive years of dividend hikes, underscoring TI’s long-term commitment to returning free cash flow to owners.
- The dividend raise aligns with TI’s objective of providing a sustainable and growing dividend over time.
- Texas Instruments increased its quarterly cash dividend by 4%, from $1.36 to $1.42 per share, or $5.68 annualized.
- The dividend is payable November 12, 2025, to shareholders of record on October 31, 2025, subject to board approval.
- This marks the 22nd consecutive year of dividend increases, highlighting TI’s commitment to returning all free cash flow to shareholders.
- Texas Instruments shares fell 10%—the largest drop since April—after management flagged that auto demand has not yet recovered and adopted a more cautious outlook following order spikes.
- The White House unveiled an AI action plan to remove “onerous” AI development regulations, identify over 90 federal policy actions, and promote rapid buildout of AI data centers.
- Former President Trump urged bipartisan support for a tax bill, saying even Democrats should back it to avoid a 68% tax increase.
- He asserted the legislation would cut $1.7 trillion in fraud, waste and abuse without harming services.
- Trump highlighted that U.S. tariffs have generated $88 billion in revenue, driven reshoring and new factory builds with no inflationary impact.
- He noted that Texas Instruments intends to invest $60 billion in new plants and equipment provided the tariffs remain in place.