Texas Instruments Incorporated (TXN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Texas Instruments Incorporated

NasdaqGS•Technology•Semiconductors

$312.82+10.80(0.04%)Market open

Market Cap

$276.05B

P/E

38.8x

P/S

13.3x

P/B

14.4x

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.

How this company scores

ExcellentMetricSide Score: 85/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (16/25).

Profitability25/25

Growth24/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality20/25

Strengths

Growing revenueRising free cash flowStrong marginsHigh ROE

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 38.8x5y range 16.2x – 43.0x

Currently above its 20-quarter median.

P/S · 13.3x5y range 7.2x – 13.4x

Currently above its 20-quarter median.

P/B · 14.4x5y range 8.7x – 14.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $276.05B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $20.77B
Q. Revenue: $6.05B
TTM EBITDA: $10.64B
TTM Op. Income: $8.46B
Q. Op. Income: $2.87B
TTM Net Income: $7.11B
Q. Net Income: $2.42B
EPS: $2.64
Shares Out.: $914.00M

$20.77B in TTM revenue grew 20.3% YoY, reaching $6.05B last quarter. TTM EBITDA of $10.64B and TTM operating income of $8.46B show growth is flowing through to the bottom line. TTM net income of $7.11B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 64.2%
EBITDA Margin: 56.6%
Op. Margin: 47.5%
Net Margin: 40.0%

Op. margin of 47.5% is up 12.4% YoY — cost efficiency is improving. Net margin at 40.0% and gross margin of 64.2% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 38.8x
P/S Ratio: 13.3x
P/B Ratio: 14.4x

At 38.8x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 13.3x and P/B of 14.4x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 18% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $36.84B
Cash: $4.21B
Long-Term Debt: $12.90B
Book Value: $19.18B
D/E Ratio: 0.7
Debt/EBITDA: 3.8

With $36.84B in assets and $12.90B in long-term debt, D/E is 0.7and book value is $19.18B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $3.42B
TTM Free Cash Flow: $7.32B
FCF Margin: 35.2%
FCF / Net Income: 1.0

TTM FCF of $7.32B on $3.42B in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 6 consecutive quarters — an improving trend.