TXNTexas Instruments
We design and manufacture semiconductors that we sell to electronics designers and manufacturers all over the world. 10-K, Item 1
- Employees
- 33,000
- Headquarters
- Dallas, TX
- CEO
- Haviv Ilan
- Next results
- around Jan 26, 2027
The biggest changes in the 10-K filed 2026-02-06, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Cash from operations
+13.2% Big change FY to 2025-12-31 vs 2024-12-31“Cash flows from operating activities for 2025 were $7.15 billion, an increase of $835 million primarily due to higher net income and non-cash items, partially offset by higher cash used for working capital.”
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Revenue
+13.0% Big change FY to 2025-12-31 vs 2024-12-31“Revenue of $17.68 billion increased $2.04 billion, or 13.0%, due to higher revenue from increased demand in our Analog segment and, to a lesser extent, in our Embedded Processing segment, which were both impacted by the macroeconomic factors discussed above.”
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“Analog revenue increased in both product lines about evenly due to higher demand, which was impacted by the macroeconomic factors discussed above.”
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Gross margin
58.1% → 57.0% (-1.1 pts) Big change FY to 2025-12-31 vs 2024-12-31“Gross profit of $10.08 billion was up $989 million, or 10.9%, due to higher revenue.”
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“Our gross profit was also impacted by higher manufacturing costs associated with our planned capacity expansions, partially offset by reduced costs related to increased factory loadings.”
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Operating margin
34.9% → 34.1% (-0.9 pts) FY to 2025-12-31 vs 2024-12-31“Operating profit increased primarily due to higher revenue and associated gross profit, partially offset by higher operating expenses.”
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“Operating profit decreased primarily due to higher manufacturing costs and operating expenses, partially offset by higher revenue.”
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Net income
+4.2% FY to 2025-12-31 vs 2024-12-31The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
Work on TXN in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/TXN/export.csv") into a cell.