Frontierby eninvs

Language: EN / RU

← Region

TEXAS INSTRUMENTS INC (TXN) USD

Analog and embedded processing chips for industrial, automotive, and communications markets.

At a glance: strengths & risks
✓Revenue growing (+28% y/y, Q3 2026)✓Profit growing (+78% y/y, Q3 2026)✓Margins improving (46%→57%, Q3 2026)

Sector: Technology

US_TXN

Price chart

284.69 USDDay 1.86%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
284.69 USD · 1.86%
Market cap
259.9 bn USD

Growth

Δ revenue y/y
27.7%
Δ EBITDA y/y
59.7%

Multiples

P/E (LTM)
36.5x
3y avg: 33.2x
P/B (FY)
16.0x
P/E (ann.)
26.8x
EV/EBITDA (LTM)
25.2x
3y avg: 24.0x
EV/EBITDA (ann.)
19.5x

Cash return

Dividend yield
2.0%
FCF yield (LTM)
2.1%

Value creation

fundamental value/yr, % of market cap
Value created / year
+29.0%
↓ details

Liquidity

Daily turnover (US listing)
1.9 bln USD

Shares: yahoo_fundamentals_timeseries/TXN

Financial results

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-09-30Q3 2026 (3M)OK6.1
y/y 27.7%
2.9
y/y 72.8%
0.6
y/y 15.9%
3.5
y/y 59.7%
2.4
y/y 77.8%
3.4-0.536.8
y/y 5.2%
19.2
y/y 15.4%
17.4%9.3Link
2026-06-30Q2 2026 (3M)OK5.5
y/y 22.8%
2.3
y/y 47.8%
0.6
y/y 23.5%
2.9
y/y 42.3%
2.0
y/y 52.9%
2.7-0.535.9
y/y 2.7%
18.0
y/y 9.8%
45.5%7.1SEC EDGAR
2026-03-31Q1 2026 (3M)OK4.8
y/y 18.6%
1.8
y/y 36.6%
0.5
y/y 27.6%
2.3
y/y 34.4%
1.5
y/y 31.0%
1.5-0.734.4
y/y 1.9%
16.8
y/y 2.3%
37.4%8.9Link
2025-12-31Q4 2025 (3M)OK4.4
y/y 10.4%
1.5
y/y 7.0%
0.5
y/y 29.1%
2.0
y/y 12.1%
1.2
y/y -3.5%
2.3-0.934.6
y/y -2.6%
16.3
y/y -3.7%
30.4%9.9Link
2025-09-30Q3 2025 (3M)OK4.7
y/y 14.2%
1.7
y/y 7.0%
0.5
y/y 29.8%
2.2
y/y 11.5%
1.4
y/y 0.1%
2.2-1.235.0
y/y -0.9%
16.6
y/y -3.7%
11.0%8.9Link
2025-06-30Q2 2025 (3M)OK4.4
y/y 16.4%
1.6
y/y 25.2%
0.5
y/y 26.7%
2.0
y/y 25.6%
1.3
y/y 14.9%
1.9-1.334.9
y/y -0.3%
16.4
y/y -4.7%
31.6%8.7Link
2025-03-31Q1 2025 (3M)OK4.1
y/y 11.1%
1.3
y/y 3.0%
0.4
y/y 22.5%
1.7
y/y 7.1%
1.2
y/y 6.7%
0.8-1.133.8
y/y -3.2%
16.4
y/y -3.4%
28.3%7.8Link
2024-12-31Q4 2024 (3M)OK4.0
y/y -1.7%
1.4
y/y -10.2%
0.4
y/y 29.2%
1.8
y/y -3.3%
1.2
y/y -12.1%
2.0-1.235.5
y/y 9.8%
16.9
y/y 0.0%
28.1%6.8Link
2024-09-30Q3 2024 (3M)OK4.2
y/y -8.4%
1.6
y/y -17.9%
0.4
y/y 26.4%
1.9
y/y -11.8%
1.4
y/y -20.3%
1.7-1.335.3
y/y 11.6%
17.3
y/y 3.8%
10.5%5.8Link
2024-06-30Q2 2024 (3M)OK3.8
y/y -15.6%
1.2
y/y -36.7%
0.4
y/y 27.4%
1.6
y/y -28.6%
1.1
y/y -34.6%
1.6-1.135.0
y/y 13.3%
17.2
y/y 8.0%
26.4%4.2Link
2024-03-31Q1 2024 (3M)OK3.7
y/y -16.4%
1.3
y/y -33.5%
0.3
y/y 30.6%
1.6
y/y -25.8%
1.1
y/y -35.3%
1.0-1.234.9
y/y 19.4%
17.0
y/y 11.4%
26.1%3.8Link
2023-12-31Q4 2023 (3M)OK4.1
y/y —
1.5
y/y —
0.3
y/y —
1.9
y/y —
1.4
y/y —
1.9-1.132.3
y/y —
16.9
y/y —
38.8%3.2Link
2023-09-30Q3 2023 (3M)OK4.5
y/y —
1.9
y/y —
0.3
y/y —
2.2
y/y —
1.7
y/y —
1.9-1.531.6
y/y —
16.6
y/y —
14.0%2.3Link
2023-06-30Q2 2023 (3M)OK4.5
y/y —
2.0
y/y —
0.3
y/y —
2.3
y/y —
1.7
y/y —
1.4-1.430.9
y/y —
15.9
y/y —
44.2%1.7Link
2023-03-31Q1 2023 (3M)OK4.4
y/y —
1.9
y/y —
0.3
y/y —
2.2
y/y —
1.7
y/y —
1.2-1.029.2
y/y —
15.2
y/y —
—0.6Link

Net debt structure (leases included, IFRS 16) 2026-09-30

Short-term debt (incl. ST leases)650
Long-term debt (incl. LT leases)12 905
− Cash & equivalents4 211
Net debt9 344

Net debt / LTM EBITDA: 0.9x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02 0004 0006 0008 0002024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q22026 q3

Year-over-year change

-50%-25%0%25%50%75%2024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q22026 q3

Cash flow

Operating and investing cash flow (OCF + ICF) ($ mln)

01 0002 0003 0002024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q22026 q3

Net debt / cash ($ mln)

02 0004 0006 0008 00010 0002024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q22026 q3

Profit and cash

Worth a look
In a typical year of 2021–2025 operating cash flow came to 1.13x of reported net profit; after capex, 0.52x.
year20212022202320242025
cash flow / profit1.13x1.00x0.99x1.32x1.43x
accruals, % of assets-4.0%0.1%0.3%-4.3%-6.2%
Last twelve months (to 2026-09-30): 1.39x of profit came back as operating cash flow.
net debt / EBITDA 1.2x · capex 3.1x of depreciation · dividends 128% of free cash flow · share count -0.6% a year
● Dividends were 128% of the free cash flow earned over the window.
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +29.0%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-09-30 vs 2025-09-30)
= (3 450 − 2 160) × 3.10
4 003
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (259 922 + 9 344) ÷ 10 707
25.1x
3. Target multiple
(Current EV/EBITDA + 12) ÷ 2
= (25.1 + 12) ÷ 2
18.6x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -484 + 1 291 + 158 − 0
965
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (4 003 × 18.6 + 965) ÷ 259 922
+29.0%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +13% vs -11% the year before — a +23.8 pp move. 3-year CAGR -4%.
revenue growth by year: 2023 -13% · 2024 -11% · 2025 +13%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — daily history

Current 25.0x · 3-year 75th pct 26.5x

EV/EBITDA3-year 75th pct

Peer comparison

Group: Technology. Every peer trades on the same market, so no adjustment is needed.

CompanyMarketCap, $bnEV/EBITDA
MICRON TECHNOLOGY INCUS987.28.8x
ORACLE CORPUS381.515.2x
INTERNATIONAL BUSINESS MACHINES CORPUS240.518.9x
MICROSOFT CORPUS3909.220.5x
NVIDIA CORPUS5127.225.6x
CISCO SYSTEMS, INC.US420.227.1x
LAM RESEARCH CORPUS287.928.1x
Broadcom Inc.US1561.128.6x
Apple Inc.US5137.030.1x
ANALOG DEVICES INCUS191.530.5x
APPLIED MATERIALS INC /DEUS299.230.7x
Arista Networks, Inc.US219.946.9x
Group median27.6x
Group average25.9x
This companyUS259.925.2x

Group median 27.6x; this company 25.2x — a 9% discount.

Group average 25.9x; against the average this company is at a 3% discount.

At the adjusted group median the market cap would be +10% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 20.4x, Russia 3.7x, South Africa 5.0x, Kazakhstan 4.6x, India 18.6x, Indonesia 5.4x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-24; the company's own is live.

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-07-311.42 USDEx-dividend: 1.42 USD per sharePaidYahoo Finance (ex-div)
2026-05-051.42 USDEx-dividend: 1.42 USD per sharePaidYahoo Finance (ex-div)
2026-01-301.42 USDEx-dividend: 1.42 USD per sharePaidYahoo Finance (ex-div)
2025-10-311.42 USDEx-dividend: 1.42 USD per sharePaidYahoo Finance (ex-div)
2025-07-311.36 USDEx-dividend: 1.36 USD per sharePaidYahoo Finance (ex-div)
2025-04-301.36 USDEx-dividend: 1.36 USD per sharePaidYahoo Finance (ex-div)
2025-01-311.36 USDEx-dividend: 1.36 USD per sharePaidYahoo Finance (ex-div)
2024-10-311.36 USDEx-dividend: 1.36 USD per sharePaidYahoo Finance (ex-div)
2024-07-311.3 USDEx-dividend: 1.3 USD per sharePaidYahoo Finance (ex-div)
2024-05-071.3 USDEx-dividend: 1.3 USD per sharePaidYahoo Finance (ex-div)
2024-01-301.3 USDEx-dividend: 1.3 USD per sharePaidYahoo Finance (ex-div)
2023-10-301.3 USDEx-dividend: 1.3 USD per sharePaidYahoo Finance (ex-div)
2023-07-281.24 USDEx-dividend: 1.24 USD per sharePaidYahoo Finance (ex-div)
2023-05-051.24 USDEx-dividend: 1.24 USD per sharePaidYahoo Finance (ex-div)
2023-01-301.24 USDEx-dividend: 1.24 USD per sharePaidYahoo Finance (ex-div)
2022-10-281.24 USDEx-dividend: 1.24 USD per sharePaidYahoo Finance (ex-div)
2022-07-291.15 USDEx-dividend: 1.15 USD per sharePaidYahoo Finance (ex-div)
2022-05-061.15 USDEx-dividend: 1.15 USD per sharePaidYahoo Finance (ex-div)
2022-01-281.15 USDEx-dividend: 1.15 USD per sharePaidYahoo Finance (ex-div)
2021-10-291.15 USDEx-dividend: 1.15 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of TEXAS INSTRUMENTS INC (TXN) — from primary filings.

Frequently asked questions

What is TEXAS INSTRUMENTS INC (TXN)'s P/E ratio?
TEXAS INSTRUMENTS INC (TXN) trades at a P/E of 36.5x (price to trailing 12-month earnings).
What is TEXAS INSTRUMENTS INC (TXN)'s EV/EBITDA?
TEXAS INSTRUMENTS INC (TXN) trades at 25.2x EV/EBITDA.
What is TEXAS INSTRUMENTS INC (TXN)'s P/B ratio?
TEXAS INSTRUMENTS INC (TXN) trades at a P/B of 16.0x.
What is TEXAS INSTRUMENTS INC (TXN)'s dividend yield?
TEXAS INSTRUMENTS INC (TXN)'s trailing 12-month dividend yield is 2.0%.
What is TEXAS INSTRUMENTS INC (TXN)'s return on equity (ROE)?
TEXAS INSTRUMENTS INC (TXN)'s ROE is 17.4%.
What is TEXAS INSTRUMENTS INC (TXN)'s market capitalization?
TEXAS INSTRUMENTS INC (TXN)'s market cap is 259.9 bn USD.

See also: AI & Semiconductor Stocks by Valuation (2026): The Cheapest Ways to Own the AI Boom · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map