Texas Instruments Incorporated (TXN) stock analysis
Company overview and business model
Source fact: 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.
Classification: NASDAQ · Technology · Semiconductors
Revenue and growth
Source fact: Revenue was USD 17.68 billion for the period ending 2025-12-31.
Caverian calculation: Revenue changed +13.0% (FY2025 vs FY2024).
Profitability
Source fact: Net income was USD 5.00 billion in the latest reported period.
Source metric: Reported net margin was 28.3%.
Balance sheet and liquidity
Source fact: Cash and equivalents were USD 3.23 billion.
Source fact: Total debt was USD 14.05 billion.
Source metric: Current ratio was 4.35x.
Cash-flow analysis
Source fact: Operating cash flow was USD 7.15 billion.
Source fact: Free cash flow was USD 2.60 billion.
Valuation
Source metrics: Trailing P/E 40.30x; Forward P/E 25.41x; Price to book 13.40x; Price to sales 12.41x; EV/EBITDA 26.10x.
Caverian model output: Value score was 33/100.
Competitive position
Classification: Peer context: Semiconductors within Technology.
Caverian model output: Quality score was 81/100.
Caverian model output: Growth score was 67/100.
Material risks
Caverian calculation: Altman Z-score was 11.50 (safe zone).
Caverian calculation: Piotroski F-score was 7/9.
Data sources and freshness
Freshness: This report uses a stored upstream snapshot; statement periods are shown alongside the figures.
Methodology and limitations
Facts reproduce stored upstream fields. Calculations derive only from the displayed stored statements. Model outputs are Caverian interpretations, not investment advice or a buy/sell recommendation.
How Caverian approaches valuation · Sources and product principles