Texas Instruments Incorporated (TXN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 4.83B | 4.42B | 4.74B | 4.45B | 4.07B | 4.01B | 4.15B | 3.82B | 3.66B | 4.08B | 4.53B | 4.53B | 4.38B | 4.67B | 5.24B | 5.21B | 4.91B | 4.83B | 4.64B | 4.58B |
| Revenue Growth % | 18.58% | 10.38% | 14.24% | 16.38% | 11.14% | -1.72% | -8.41% | -15.65% | -16.4% | -12.7% | -13.53% | -13.07% | -10.72% | -3.35% | 12.88% | 13.8% | 14.36% | 18.55% | 21.64% | 41.4% |
| Cost of Goods Sold | 2.03B | 1.95B | 2.02B | 1.87B | 1.76B | 1.69B | 1.68B | 1.61B | 1.57B | 1.65B | 1.72B | 1.62B | 1.52B | 1.58B | 1.62B | 1.59B | 1.46B | 1.48B | 1.49B | 1.5B |
| COGS % of Revenue | 41.99% | 44.11% | 42.58% | 42.11% | 43.16% | 42.25% | 40.4% | 42.15% | 42.78% | 40.37% | 37.89% | 35.78% | 34.62% | 33.9% | 30.99% | 30.45% | 29.83% | 30.67% | 32.11% | 32.82% |
| Gross Profit | 2.8B | 2.47B | 2.72B | 2.58B | 2.31B | 2.31B | 2.47B | 2.21B | 2.1B | 2.43B | 2.81B | 2.91B | 2.86B | 3.09B | 3.62B | 3.63B | 3.44B | 3.35B | 3.15B | 3.08B |
| Gross Margin % | 58.01% | 55.89% | 57.42% | 57.89% | 56.84% | 57.75% | 59.6% | 57.85% | 57.22% | 59.63% | 62.11% | 64.22% | 65.38% | 66.1% | 69.01% | 69.55% | 70.17% | 69.33% | 67.89% | 67.18% |
| Gross Profit Growth % | 21.01% | 6.83% | 10.06% | 16.46% | 10.41% | -4.81% | -12.11% | -24.02% | -26.82% | -21.25% | -22.17% | -19.72% | -16.82% | -7.85% | 14.75% | 17.81% | 23.06% | 26.61% | 28.5% | 47.79% |
| Operating Expenses | 991M | 999M | 1.06B | 1.01B | 989M | 937M | 920M | 963M | 809M | 898M | 923M | 938M | 929M | 911M | 939M | 902M | 879M | 847M | 847M | 864M |
| OpEx % of Revenue | 20.54% | 22.59% | 22.35% | 22.75% | 24.31% | 23.38% | 22.16% | 25.2% | 22.1% | 22.03% | 20.37% | 20.7% | 21.21% | 19.51% | 17.92% | 17.31% | 17.92% | 17.53% | 18.24% | 18.86% |
| Selling, General & Admin | 464M | 446M | 457M | 485M | 472M | 446M | 428M | 465M | 455M | 438M | 452M | 461M | 474M | 429M | 431M | 422M | 422M | 404M | 412M | 425M |
| SG&A % of Revenue | 9.62% | 10.08% | 9.64% | 10.9% | 11.6% | 11.13% | 10.31% | 12.17% | 12.43% | 10.74% | 9.97% | 10.17% | 10.82% | 9.19% | 8.22% | 8.1% | 8.6% | 8.36% | 8.87% | 9.28% |
| Research & Development | 510M | 521M | 518M | 527M | 517M | 491M | 492M | 498M | 478M | 460M | 471M | 477M | 455M | 434M | 431M | 414M | 391M | 389M | 388M | 391M |
| R&D % of Revenue | 10.57% | 11.78% | 10.92% | 11.85% | 12.71% | 12.25% | 11.85% | 13.03% | 13.06% | 11.28% | 10.39% | 10.53% | 10.39% | 9.29% | 8.22% | 7.94% | 7.97% | 8.05% | 8.36% | 8.54% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 1.81B | 1.47B | 1.66B | 1.56B | 1.32B | 1.38B | 1.55B | 1.25B | 1.29B | 1.53B | 1.89B | 1.97B | 1.93B | 2.18B | 2.68B | 2.72B | 2.56B | 2.5B | 2.31B | 2.21B |
| Operating Margin % | 37.47% | 33.3% | 35.07% | 35.14% | 32.54% | 34.36% | 37.44% | 32.65% | 35.13% | 37.6% | 41.75% | 43.52% | 44.17% | 46.6% | 51.1% | 52.24% | 52.25% | 51.8% | 49.64% | 48.32% |
| Operating Income Growth % | 36.56% | 6.97% | 7.01% | 25.24% | 2.95% | -10.18% | -17.86% | -36.71% | -33.51% | -29.55% | -29.35% | -27.58% | -24.54% | -13.06% | 16.18% | 23.05% | 32.18% | 38.06% | 43.26% | 80.21% |
| EBITDA | 1.85B | 2.03B | 2.18B | 2.04B | 1.77B | 1.81B | 1.96B | 1.63B | 1.65B | 1.87B | 2.21B | 2.27B | 2.21B | 2.44B | 2.94B | 2.96B | 2.78B | 2.72B | 2.56B | 2.46B |
| EBITDA Margin % | 38.45% | 45.9% | 45.97% | 45.95% | 43.45% | 45.22% | 47.12% | 42.62% | 45.02% | 45.87% | 48.81% | 50.14% | 50.58% | 52.23% | 56.1% | 56.85% | 56.62% | 56.21% | 55.09% | 53.71% |
| EBITDA Growth % | 4.92% | 12.03% | 11.45% | 25.48% | 7.28% | -3.1% | -11.57% | -28.3% | -25.6% | -23.33% | -24.76% | -23.32% | -20.24% | -10.2% | 14.93% | 20.45% | 27.39% | 32.1% | 37.6% | 66.55% |
| D&A (Non-Cash Add-back) | 0 | 557M | 517M | 481M | 444M | 435M | 402M | 381M | 362M | 337M | 320M | 300M | 281M | 263M | 262M | 240M | 214M | 213M | 253M | 247M |
| EBIT | 1.85B | 1.51B | 1.73B | 1.61B | 1.4B | 1.49B | 1.69B | 1.38B | 1.41B | 1.65B | 2.02B | 2.09B | 2.01B | 2.23B | 2.71B | 2.73B | 2.58B | 2.51B | 2.32B | 2.29B |
| Net Interest Income | -141M | -141M | -141M | -133M | -128M | -130M | -131M | -131M | -116M | -98M | -98M | -89M | -68M | -60M | -53M | -49M | -52M | -49M | -45M | -44M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 141M | 141M | 141M | 133M | 128M | 130M | 131M | 131M | 116M | 98M | 98M | 89M | 68M | 60M | 53M | 49M | 52M | 49M | 45M | 44M |
| Other Income/Expense | -94M | -101M | -79M | -85M | -48M | -18M | 0 | -1M | 7M | 15M | 30M | 30M | 12M | -9M | -20M | -42M | -37M | -40M | -30M | 29M |
| Pretax Income | 1.71B | 1.37B | 1.58B | 1.48B | 1.28B | 1.36B | 1.55B | 1.25B | 1.29B | 1.55B | 1.92B | 2B | 1.95B | 2.17B | 2.66B | 2.68B | 2.53B | 2.46B | 2.27B | 2.24B |
| Pretax Margin % | 35.52% | 31.02% | 33.4% | 33.23% | 31.36% | 33.92% | 37.44% | 32.63% | 35.32% | 37.97% | 42.41% | 44.18% | 44.44% | 46.4% | 50.72% | 51.44% | 51.5% | 50.97% | 49% | 48.95% |
| Income Tax | 169M | 209M | 220M | 183M | 97M | 154M | 192M | 120M | 188M | 177M | 213M | 280M | 238M | 205M | 363M | 390M | 325M | 325M | 328M | 311M |
| Effective Tax Rate % | 9.86% | 15.23% | 13.89% | 12.38% | 7.6% | 11.33% | 12.36% | 9.62% | 14.54% | 11.43% | 11.08% | 13.99% | 12.23% | 9.46% | 13.66% | 14.55% | 12.87% | 13.2% | 14.42% | 13.87% |
| Net Income | 1.54B | 1.16B | 1.36B | 1.29B | 1.18B | 1.21B | 1.36B | 1.13B | 1.1B | 1.37B | 1.71B | 1.72B | 1.71B | 1.96B | 2.29B | 2.29B | 2.2B | 2.14B | 1.95B | 1.93B |
| Net Margin % | 32.02% | 26.29% | 28.76% | 29.11% | 28.98% | 30.07% | 32.81% | 29.49% | 30.18% | 33.63% | 37.71% | 38% | 39% | 42.01% | 43.79% | 43.96% | 44.87% | 44.25% | 41.93% | 42.16% |
| Net Income Growth % | 31.04% | -3.49% | 0.15% | 14.91% | 6.7% | -12.11% | -20.3% | -34.55% | -35.3% | -30.12% | -25.53% | -24.84% | -22.4% | -8.23% | 17.87% | 18.64% | 25.56% | 26.66% | 43.9% | 39.93% |
| Net Income (Continuing) | 1.54B | 1.16B | 1.36B | 1.29B | 1.18B | 1.21B | 1.36B | 1.13B | 1.1B | 1.37B | 1.71B | 1.72B | 1.71B | 1.96B | 2.29B | 2.29B | 2.2B | 2.14B | 1.95B | 1.93B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.69 | 1.27 | 1.48 | 1.41 | 1.28 | 1.30 | 1.47 | 1.22 | 1.20 | 1.49 | 1.85 | 1.87 | 1.85 | 2.13 | 2.47 | 2.45 | 2.36 | 2.27 | 2.07 | 2.05 |
| EPS Growth % | 32.03% | -2.31% | 0.68% | 15.57% | 6.67% | -12.75% | -20.54% | -34.76% | -35.14% | -30.05% | -25.1% | -23.67% | -21.61% | -6.17% | 19.32% | 19.51% | 26.2% | 26.11% | 42.76% | 38.51% |
| EPS (Basic) | 1.70 | 1.27 | 1.50 | 1.42 | 1.29 | 1.32 | 1.49 | 1.23 | 1.21 | 1.50 | 1.88 | 1.89 | 1.88 | 2.16 | 2.51 | 2.48 | 2.38 | 2.31 | 2.11 | 2.09 |
| Diluted Shares Outstanding | 914M | 913M | 914M | 912M | 916M | 919M | 920M | 919M | 917M | 915M | 916M | 916M | 916M | 916M | 923M | 930M | 934M | 936M | 936M | 937M |
| Basic Shares Outstanding | 909M | 909M | 909M | 908M | 910M | 912M | 913M | 912M | 910M | 908M | 908M | 908M | 907M | 906M | 913M | 920M | 923M | 924M | 923M | 923M |
| Dividend Payout Ratio | 83.56% | 110.92% | 90.62% | 95.37% | 105% | 102.9% | 87.15% | 105.15% | 107.06% | 86.14% | 65.89% | 65.33% | 65.87% | 57.24% | 45.8% | 46.27% | 48.3% | 49.67% | 48.38% | 48.78% |