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TXN · NasdaqGS

Texas Instruments

Semiconductors · United States

USD 266.643.3% daily changeQuote 2026-09-18 · USD
Market cap (USD)
US$243.51B
Trailing P/E
40.46x
Forward P/E
25.05x
Quarterly revenue growth
22.8%
Trailing net margin
31.1%
Indicated dividend yield
2.3%

Snapshot 2026-09-20 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-10-27 (provider estimate, not issuer-confirmed).

Company background

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States, China, the rest of Asia, Europe, the Middle East, Africa, Japan, and internationally. It operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, multiphase controllers and power stages, and lighting products. This segment also provides signal chain products that sense, condition, and measure real-world signals and convert them into data to be transferred or converted for further processing and control, such as amplifiers, data converters, interface products, motor drives, clocks, and logic and sensing products. The Embedded Processing segment offers microcontrollers, processors, wireless connectivity, and radar products; and applications processors for specific computing activity. It also provides DLP products primarily for use in projecting high-definition images; calculators; and application-specific integrated circuits. Its products are used in various markets, such as industrial, automotive, personal electronics, communications equipment, enterprise systems, calculators, and others. The company markets and sells its semiconductor products through direct sales and distributors, as well as through its website. Texas Instruments Incorporated was founded in 1930 and is headquartered in Dallas, Texas.

Company website

Q2 2026

Go beyond the headline.

Texas Instruments Stock: It Beat, Raised Guidance — and Still Fell. Why We Say HOLD (TXN Q2 2026)

Published 2026-07-22

Comparable businesses

TXN peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricTXNTexas Instruments IncorporatedSnapshot 2026-09-20Financial period: 2026-06-30ADIAnalog Devices, Inc.Snapshot 2026-09-20Financial period: 2026-08-01NXPINXP Semiconductors N.V.Snapshot 2026-09-20Financial period: 2026-06-28
Market capMarket value, converted to USDUS$243.51BUS$182.06BUS$57.49B
Forward P/EProvider forward earnings estimate25.05x22.98x12.60x
EV / EBITDAEnterprise value / trailing EBITDA26.32x27.29x12.95x
Revenue growthLatest quarter vs prior-year quarter22.8%39.6%19.5%
Operating marginLatest reported quarter42.6%39.5%30.4%
Free cash flow yieldTrailing cash flow / market cap1.5%2.3%6.2%
Net debt / EBITDANet debt / trailing EBITDA0.74x0.99x1.53x
Debt / equityTotal debt / positive book equity0.78x0.27x0.93x
Trailing P/ETrailing twelve-month earnings40.46x44.62x19.45x
Price / bookPrice / positive book equity per share13.52x5.43x5.05x
EV / salesEnterprise value / trailing revenue12.88x13.61x4.98x
Earnings growthLatest quarter vs prior-year quarter51.8%163.5%72.6%
Gross marginTrailing twelve months58.3%65.8%56.1%
Net marginTrailing twelve months31.1%29.8%22.6%
Return on equityProvider trailing return; positive equity only35.2%12.2%27.9%
Free cash flow marginTrailing free cash flow / revenue18.2%29.9%27.0%
Dividend yieldIndicated annual dividend / price2.3%1.2%1.8%
Earnings payoutProvider trailing dividend payout85.4%49.6%34.6%
Current ratioCurrent assets / current liabilities4.86x1.25x2.04x
BetaProvider historical market sensitivity1.311.211.82

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

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Earnings-multiple scenario

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Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for TXN

All available reporting periods
Q2 20262026-07-22
Q1 20262026-04-24
Deep Dive2026-04-23

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.