Texas Instruments Incorporated (TXN) financial statements: income statement, balance sheet and cash flow

Texas Instruments Incorporated's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Texas Instruments Incorporated reported revenue of $17.7B (+13.0% year on year) and net income of $5.0B (+4.2% year on year).

Income statement

Texas Instruments Incorporated income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Revenue	$17.7B	$15.6B	$17.5B	$20.0B
Cost of revenue (COR)	$7.6B	$6.5B	$6.5B	$6.3B
Gross profit	$10.1B	$9.1B	$11.0B	$13.8B
Research and development (R&D)	$2.1B	$2.0B	$1.9B	$1.7B
Selling, general and administrative (SG&A)	$1.9B	$1.8B	$1.8B	$1.7B
Restructuring charges/other	$117.0M	($124.0M)	$0	$257.0M
Operating profit	$6.0B	$5.5B	$7.3B	$10.1B
Other income (expense), net (OI&E)	$230.0M	$496.0M	$440.0M	$106.0M
Interest and debt expense	$543.0M	$508.0M	$353.0M	$214.0M
Income before income taxes	$5.7B	$5.5B	$7.4B	$10.0B
Provision for income taxes	$709.0M	$654.0M	$908.0M	$1.3B
Basic (in dollars per share)	$5.47	$5.24	$7.13	$9.51
Diluted (in dollars per share)	$5.45	$5.20	$7.07	$9.41
Basic (in shares)	909.0M	912.0M	908.0M	916.0M
Diluted (in shares)	913.0M	919.0M	916.0M	926.0M
Net income	$5.0B	$4.8B	$6.5B	$8.7B
Income allocated to RSUs	($28.0M)	($24.0M)	($33.0M)	($39.0M)
Income allocated to common stock for diluted EPS	$4973000000.00	$4775000000.00	$6477000000.00	$8710000000.00

Texas Instruments Incorporated income statement, quarters

Line item	Sep 30, 2026 · Q3	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3
Revenue	$6.1B	$5.5B	$4.8B	$4.7B
Cost of revenue (COR)	$2.2B	$2.1B	$2.0B	$2.0B
Gross profit	$3.9B	$3.4B	$2.8B	$2.7B
Research and development (R&D)	$530.0M	$535.0M	$510.0M	$518.0M
Selling, general and administrative (SG&A)	$476.0M	$490.0M	$464.0M	$457.0M
Restructuring charges/other	$0	—	—	$85.0M
Acquisition charges	$7.0M	$17.0M	$17.0M	—
Operating profit	$2.9B	$2.3B	$1.8B	$1.7B
Other income (expense), net (OI&E)	$72.0M	$69.0M	$47.0M	$62.0M
Interest and debt expense	$141.0M	$141.0M	$141.0M	$141.0M
Income before income taxes	$2.8B	$2.2B	$1.7B	$1.6B
Provision for income taxes	$380.0M	$258.0M	$169.0M	$220.0M
Basic (in dollars per share)	$2.64	$2.16	$1.69	$1.49
Diluted (in dollars per share)	$2.62	$2.14	$1.68	$1.48
Basic (in shares)	914.0M	912.0M	909.0M	909.0M
Diluted (in shares)	921.0M	920.0M	914.0M	914.0M
Net income	$2.4B	$2.0B	$1.5B	$1.4B
Income allocated to RSUs	($14.0M)	($11.0M)	($9.0M)	($8.0M)
Income allocated to common stock for diluted EPS	$2411000000.00	$1969000000.00	$1536000000.00	$1356000000.00

Balance sheet

Texas Instruments Incorporated balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$3.2B	$3.2B	$3.0B	$3.0B
Short-term investments	$1.7B	$4.4B	$5.6B	$6.0B
Accounts receivable, net of allowances of ($22) and ($21)	$2.0B	$1.7B	$1.8B	$1.9B
Raw materials	$465.0M	$395.0M	$420.0M	$353.0M
Work in process	$2.4B	$2.2B	$2.1B	$1.5B
Finished goods	$2.0B	$1.9B	$1.5B	$858.0M
Inventories	$4.8B	$4.5B	$4.0B	$2.8B
Prepaid expenses and other current assets	$2.1B	$1.2B	$761.0M	$302.0M
Total current assets	$13.8B	$15.0B	$15.1B	$14.0B
Property, plant and equipment at cost	$17.7B	$15.3B	$13.3B	$9.9B
Accumulated depreciation	($5.4B)	($3.9B)	($3.3B)	($3.1B)
Property, plant and equipment	$12.3B	$11.3B	$10.0B	$6.9B
Goodwill	$4.3B	$4.4B	$4.4B	$4.4B
Deferred tax assets	$967.0M	$936.0M	$757.0M	$473.0M
Capitalized software licenses	$238.0M	$257.0M	$223.0M	$152.0M
Overfunded retirement plans	$324.0M	$233.0M	$173.0M	$188.0M
Other long-term assets	$2.7B	$3.3B	$1.7B	$1.1B
Total assets	$34.6B	$35.5B	$32.3B	$27.2B
Current portion of long-term debt	$500.0M	$750.0M	$599.0M	$500.0M
Accounts payable	$756.0M	$820.0M	$802.0M	$851.0M
Accrued compensation	$829.0M	$839.0M	$836.0M	$799.0M
Income taxes payable	$67.0M	$159.0M	$172.0M	$189.0M
Accrued expenses and other liabilities	$1.0B	$1.1B	$911.0M	$646.0M
Total current liabilities	$3.2B	$3.6B	$3.3B	$3.0B
Long-term debt	$13.5B	$12.8B	$10.6B	$8.2B
Underfunded retirement plans	$124.0M	$110.0M	$108.0M	$118.0M
Deferred tax liabilities	$66.0M	$53.0M	$63.0M	$66.0M
Other long-term liabilities	$1.4B	$2.0B	$1.3B	$1.2B
Total liabilities	$18.3B	$18.6B	$15.5B	$12.6B
Preferred stock, $25 par value. Shares authorized – 10; none issued	0	0	0	0
Common stock, $1 par value. Shares authorized – 2,400; shares issued – 1,741	1.7B	1.7B	1.7B	1.7B
Paid-in capital	$4.5B	$3.9B	$3.4B	$3.0B
Retained earnings	$52.2B	$52.3B	$52.3B	$50.4B
Treasury common stock at cost Shares: 2025 - 834; 2024 - 830	-42.1B	-40.9B	-40.3B	-40.2B
Accumulated other comprehensive income (loss), net of taxes (AOCI)	($85.0M)	($140.0M)	($205.0M)	($254.0M)
Total stockholders’ equity	$16.3B	$16.9B	$16.9B	$14.6B
Total liabilities and stockholders’ equity	$34.6B	$35.5B	$32.3B	$27.2B

Texas Instruments Incorporated balance sheet, quarters

Line item	Sep 30, 2026	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025
Cash and cash equivalents	$4.2B	$3.7B	$3.5B	$3.3B
Short-term investments	$3.9B	$3.3B	$1.6B	$1.9B
Accounts receivable, net of allowances of ($27) and ($22)	$2.6B	$2.5B	$2.2B	$2.1B
Raw materials	$497.0M	$467.0M	$463.0M	$431.0M
Work in process	$2.5B	$2.4B	$2.4B	$2.5B
Finished goods	$1.7B	$1.7B	$1.9B	$1.9B
Inventories	$4.7B	$4.6B	$4.7B	$4.8B
Prepaid expenses and other current assets	$1.4B	$1.6B	$1.8B	$1.8B
Total current assets	$16.9B	$15.8B	$13.8B	$13.9B
Property, plant and equipment at cost	$18.1B	$17.9B	$17.9B	$17.3B
Accumulated depreciation	($6.2B)	($5.9B)	($5.7B)	($5.0B)
Property, plant and equipment	$11.8B	$11.9B	$12.1B	$12.3B
Goodwill	$4.3B	$4.3B	$4.3B	$4.4B
Deferred tax assets	$1.1B	$1.0B	$973.0M	$1.1B
Capitalized software licenses	$301.0M	$314.0M	$323.0M	$237.0M
Overfunded retirement plans	$320.0M	$316.0M	$321.0M	$251.0M
Other long-term assets	$2.1B	$2.2B	$2.5B	$2.8B
Total assets	$36.8B	$35.9B	$34.4B	$35.0B
Current portion of long-term debt	$650.0M	$1.1B	$1.1B	$500.0M
Accounts payable	$837.0M	$680.0M	$638.0M	$779.0M
Accrued compensation	$675.0M	$536.0M	$389.0M	$724.0M
Income taxes payable	$60.0M	$70.0M	$138.0M	$79.0M
Accrued expenses and other liabilities	$795.0M	$809.0M	$782.0M	$1.0B
Total current liabilities	$3.0B	$3.2B	$3.1B	$3.1B
Long-term debt	$12.9B	$12.9B	$12.9B	$13.5B
Underfunded retirement plans	$118.0M	$123.0M	$121.0M	$125.0M
Deferred tax liabilities	$62.0M	$55.0M	$63.0M	$60.0M
Other long-term liabilities	$1.6B	$1.6B	$1.4B	$1.5B
Total liabilities	$17.7B	$17.9B	$17.6B	$18.4B
Preferred stock, $25 par value. Shares authorized – 10; none issued	0	0	0	0
Common stock, $1 par value. Shares authorized – 2,400; shares issued – 1,741	1.7B	1.7B	1.7B	1.7B
Paid-in capital	$5.2B	$5.1B	$4.7B	$4.4B
Retained earnings	$54.3B	$53.2B	$52.5B	$52.4B
Treasury common stock at cost Shares: September 30, 2026 – 827; December 31, 2025 – 834	-42.0B	-41.9B	-42.1B	-41.7B
Accumulated other comprehensive income (loss), net of taxes (AOCI)	($85.0M)	($83.0M)	($84.0M)	($149.0M)
Total stockholders’ equity	$19.2B	$18.0B	$16.8B	$16.6B
Total liabilities and stockholders’ equity	$36.8B	$35.9B	$34.4B	$35.0B

Cash flow statement

Texas Instruments Incorporated cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$5.0B	$4.8B	$6.5B	$8.7B
Depreciation	$1.9B	$1.5B	$1.2B	$925.0M
Amortization of capitalized software	$81.0M	$72.0M	$63.0M	$54.0M
Stock compensation	$419.0M	$387.0M	$362.0M	$289.0M
(Gains) losses on sales of assets	$2.0M	($127.0M)	$0	($3.0M)
Deferred taxes	($19.0M)	($210.0M)	($299.0M)	($191.0M)
Accounts receivable	($244.0M)	$68.0M	$108.0M	($194.0M)
Inventories	($277.0M)	($528.0M)	($1.2B)	($847.0M)
Prepaid expenses and other current assets	$10.0M	$7.0M	$46.0M	$6.0M
Accounts payable and accrued expenses	$77.0M	$125.0M	($33.0M)	$106.0M
Accrued compensation	($28.0M)	($12.0M)	$29.0M	$22.0M
Income taxes payable	$191.0M	$597.0M	($7.0M)	$94.0M
Changes in funded status of retirement plans	($7.0M)	$33.0M	$45.0M	$114.0M
Other	$29.0M	($401.0M)	($337.0M)	($404.0M)
Cash flows from operating activities	$7.2B	$6.3B	$6.4B	$8.7B
Capital expenditures	($4.5B)	($4.8B)	($5.1B)	($2.8B)
Proceeds from U.S. CHIPS and Science Act (CHIPS Act) incentives	$335.0M	—	—	—
Proceeds from asset sales	$1.0M	$195.0M	$3.0M	$3.0M
Purchases of short-term investments	($3.5B)	($9.7B)	($12.7B)	($14.5B)
Proceeds from short-term investments	$6.3B	$11.2B	$13.4B	$13.7B
Other	($9.0M)	($48.0M)	$24.0M	$37.0M
Cash flows from investing activities	($1.4B)	($3.2B)	($4.4B)	($3.6B)
Proceeds from issuance of long-term debt	$1.2B	$3.0B	$3.0B	$1.5B
Repayment of debt	($750.0M)	($600.0M)	($500.0M)	($500.0M)
Dividends paid	($5.0B)	($4.8B)	($4.6B)	($4.3B)
Stock repurchases	($1.5B)	($929.0M)	($293.0M)	($3.6B)
Proceeds from common stock transactions	$400.0M	$517.0M	$263.0M	$241.0M
Other	($62.0M)	($53.0M)	($57.0M)	($41.0M)
Cash flows from financing activities	($5.7B)	($2.9B)	($2.1B)	($6.7B)
Net change in cash and cash equivalents	$25.0M	$236.0M	($86.0M)	($1.6B)
Cash and cash equivalents at beginning of period	$3.2B	$3.0B	$3.0B	$4.6B
Cash and cash equivalents at end of period	$3.2B	$3.2B	$3.0B	$3.0B
Investment tax credit (ITC) used to reduce income taxes payable	$335.0M	$588.0M	—	—
Proceeds from CHIPS Act incentives	$335.0M	—	—	—
Total cash benefit related to the CHIPS Act	$670.0M	—	—	—

Texas Instruments Incorporated cash flow statement, quarters

Line item	Sep 30, 2026 · YTD	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD
Net income	$6.0B	$3.5B	$1.5B	$3.8B
Depreciation	$1.6B	$1.1B	$541.0M	$1.4B
Amortization of capitalized software	$63.0M	$42.0M	$21.0M	$61.0M
Stock compensation	$331.0M	$236.0M	$109.0M	$338.0M
Gains on sales of assets	($13.0M)	($13.0M)	($5.0M)	$0
Deferred taxes	($92.0M)	($66.0M)	($4.0M)	($134.0M)
Accounts receivable	($657.0M)	($557.0M)	($282.0M)	($343.0M)
Inventories	$132.0M	$199.0M	$109.0M	($302.0M)
Prepaid expenses and other current assets	$9.0M	($7.0M)	($9.0M)	$2.0M
Accounts payable and accrued expenses	$51.0M	($24.0M)	($125.0M)	$57.0M
Accrued compensation	($170.0M)	($305.0M)	($447.0M)	($134.0M)
Income taxes payable	$435.0M	$116.0M	$130.0M	$168.0M
Changes in funded status of retirement plans	$1.0M	$7.0M	$4.0M	($14.0M)
Other	($41.0M)	($18.0M)	($67.0M)	($19.0M)
Cash flows from operating activities	$7.6B	$4.2B	$1.5B	$4.9B
Capital expenditures	($1.7B)	($1.2B)	($676.0M)	($3.6B)
Proceeds from U.S. CHIPS and Science Act (CHIPS Act) incentives	$1.1B	$1.1B	$555.0M	$335.0M
Proceeds from asset sales	$37.0M	$37.0M	$5.0M	$1.0M
Purchases of short-term investments	($5.3B)	($3.3B)	($935.0M)	($2.6B)
Proceeds from short-term investments	$3.1B	$1.7B	$1.0B	$5.2B
Other	$9.0M	($37.0M)	($39.0M)	($28.0M)
Cash flows from investing activities	($2.7B)	($1.7B)	($47.0M)	($763.0M)
Proceeds from issuance of long-term debt	$0	$0	—	$1.2B
Repayment of debt	($500.0M)	$0	$0	($750.0M)
Dividends paid	($3.9B)	($2.6B)	($1.3B)	($3.7B)
Stock repurchases	($233.0M)	($185.0M)	($158.0M)	($1.1B)
Proceeds from common stock transactions	$770.0M	$754.0M	$309.0M	$358.0M
Other	($73.0M)	($22.0M)	($9.0M)	($49.0M)
Cash flows from financing activities	($3.9B)	($2.0B)	($1.1B)	($4.0B)
Net change in cash and cash equivalents	$986.0M	$435.0M	$324.0M	$111.0M
Cash and cash equivalents at beginning of period	$3.2B	$3.2B	$3.2B	$3.2B
Cash and cash equivalents at end of period	$4.2B	$3.7B	$3.5B	$3.3B
Investment tax credit (ITC) used to reduce income taxes payable	$380.0M	$301.0M	$0	$246.0M
Proceeds from CHIPS Act incentives	$1.1B	$1.1B	$555.0M	$335.0M
Total cash benefit related to the CHIPS Act	$1.5B	$1.4B	$555.0M	$581.0M

Texas Instruments Incorporated score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.