Texas Instruments (TXN) stock
Information Technology · Semiconductors
Texas Instruments (TXN) is a Semiconductors company in the Information Technology sector, headquartered in Dallas, Texas. As of October 23, 2026, TXN closed at $284.69, a market capitalization of $259.99 billion, the 43rd largest company in the S&P 500. Over the last twelve months it generated $20.77 billion in revenue (+28% year over year) and $5.36 billion in free cash flow. The stock trades at 36.9x trailing earnings and 24.7x forward earnings.
- 1-year total return: +69.6% (dividends reinvested)
- 5-year return: +10.5% a year
- 52-week range: $152.73 – $334.03
- Gross margin 60.2%, operating margin 47.5%
- Dividend yield: 2.14%, 22 straight years of increases
- FI Handbook report card: B+ across 10 metrics
- 16th largest of 75 Information Technology stocks in the S&P 500
TXN price chart
1Y price change: +65.3% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| TXN | +4.4% | +66.9% | +69.6% | +28.5% | +10.5% | +18.3% | +11.7% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1972.
TXN key statistics
- Market cap
- $260.0B
- #43 in S&P 500
- P/E (TTM)
- 36.9x
- Forward P/E
- 24.7x
- EPS (TTM)
- $7.71
- Revenue (TTM)
- $20.8B
- +28%
- Free cash flow
- $5.4B
- Gross margin
- 60.2%
- Operating margin
- 47.5%
- Return on equity
- 39.7%
- Dividend yield
- 2.14%
- 52-week range
- $152.73 – $334.03
- Beta
- 1.34
- Price / sales
- 12.5x
- EV / EBITDA
- 24.8x
- Debt / equity
- 0.71x
- Employees
- 33,000
TXN report card
B+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth27.7%A
- Gross margin60.2%A
- Operating margin47.5%A
- FCF margin25.8%A
- Return on equity39.7%A
- Net debt / EBITDA0.5xB
- Forward P/E24.7xC
- PEG ratio0.9xA
- Shareholder yield2.7%C
- Share count change / yr-0.4%C
Texas Instruments financials
Revenue went from $13.4B in fiscal 2016 to $17.7B in fiscal 2025, growing 3.2% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.4B | $15.0B | $15.8B | $14.4B | $14.5B | $18.3B | $20.0B | $17.5B | $15.6B | $17.7B |
| Gross profit | $8.3B | $9.6B | $10.3B | $9.2B | $9.3B | $12.4B | $13.8B | $11.0B | $9.1B | $10.1B |
| Operating income | $4.9B | $6.1B | $6.7B | $5.7B | $5.9B | $9.0B | $10.1B | $7.3B | $5.5B | $6.0B |
| Net income | $3.6B | $3.7B | $5.6B | $5.0B | $5.6B | $7.8B | $8.7B | $6.5B | $4.8B | $5.0B |
| EPS (diluted) | $3.48 | $3.61 | $5.59 | $5.24 | $5.97 | $8.26 | $9.41 | $7.07 | $5.20 | $5.45 |
| Free cash flow | $4.1B | $4.7B | $6.1B | $5.8B | $5.5B | $6.3B | $5.9B | $1.3B | $1.5B | $2.6B |
| Buybacks | $2.1B | $2.6B | $5.1B | $3.0B | $2.6B | $527.0M | $3.6B | $293.0M | $929.0M | $1.5B |
| Dividends paid | $1.6B | $2.1B | $2.6B | $3.0B | $3.4B | $3.9B | $4.3B | $4.6B | $4.8B | $5.0B |
| Diluted shares | 1.0B | 1.0B | 990.0M | 952.0M | 933.0M | 936.0M | 926.0M | 916.0M | 919.0M | 913.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into TXN?
A reverse DCF asks what growth the current price requires. With an enterprise value of $265.4B and $5.4B of trailing free cash flow, Texas Instruments needs to grow free cash flow about 34.3% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -13.9% a year over the last five years.
P/E ratio history
Current 52.2x vs. median 23.1x (10th–90th percentile 14.6x–32.0x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
TXN dividend
- Dividend yield
- 2.14%
- Annual dividend
- $6.08
- Years of increases
- 22
- 5-yr dividend growth
- 8.1%
- per year
- Payout ratio
- 86%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
TXN earnings
Next report: January 26, 2027. Texas Instruments has beaten EPS estimates 3 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 21, 2026 | $2.43 | $2.62 | +7.9% |
| Jul 22, 2026 | $1.94 | $2.14 | +10.5% |
| Apr 22, 2026 | $1.37 | $1.68 | +22.8% |
| Jan 27, 2026 | $1.31 | $1.27 | -2.9% |
| Oct 21, 2025 | $1.49 | $1.48 | -0.4% |
| Jul 22, 2025 | $1.33 | $1.41 | +5.8% |
| Apr 23, 2025 | $1.10 | $1.28 | +16.8% |
| Jan 23, 2025 | $1.20 | $1.30 | +8.3% |
Stocks like TXN
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 NVDA NVIDIA | -0.59% | +16% | $5.1T | 26.7x | Compare |
 AVGO Broadcom | -0.48% | -6% | $1.5T | 42.9x | Compare |
 MU Micron Technology | +2.46% | +325% | $992.9B | 11.8x | Compare |
 AMD Advanced Micro Devices | +1.74% | +120% | $843.6B | 131.8x | Compare |
 INTC Intel | +1.72% | +128% | $459.7B | — | Compare |
 MRVL Marvell Technology | +2.26% | +177% | $205.4B | 75.2x | Compare |
 ADI Analog Devices | +1.38% | +63% | $189.5B | 46.4x | Compare |
 QCOM QUALCOMM | +1.78% | +6% | $187.8B | 20.4x | Compare |
TXN news
- Texas Instruments CEO Sees No Slowdown in Data Center Demand: 'Actually Growing Demand' · Oct 24, 2026
- Dow and Small Caps Climb Weekly While Nasdaq Slips on Megacap Earnings Charges · Oct 23, 2026
- Texas Instruments (TXN) Q3 Earnings Recast The Bull Case · Oct 23, 2026
- Texas Instruments (TXN) Upgraded to Strong Buy: What Does It Mean for the Stock? · Oct 23, 2026
- Micron vs. Texas Instruments: Which Semiconductor Stock Has the Edge? · Oct 23, 2026
TXN stock FAQ
What is TXN's market cap?
Texas Instruments's market capitalization is $259.99 billion as of October 23, 2026, ranking 43rd in the S&P 500.
What is TXN's P/E ratio?
TXN trades at a trailing price-to-earnings ratio of 36.9x and a forward P/E of 24.7x. Its median P/E over the period we track is 23.1x.
Does TXN pay a dividend?
Yes. Texas Instruments pays $6.08 per share a year, a 2.14% yield. It has raised its dividend 22 years in a row. Dividends grew 8.1% a year over the last five years.
How much has TXN stock returned?
Including reinvested dividends, TXN returned +69.6% over one year, +10.5% a year over five years, +18.3% a year over ten years through October 23, 2026.
Is TXN stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Texas Instruments must grow free cash flow about 34% a year for the next decade. Its free cash flow fell 14% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does TXN report earnings?
Texas Instruments is expected to report earnings on January 26, 2027. It has beaten EPS estimates 3 quarters in a row.
How many employees does Texas Instruments have?
Texas Instruments has about 33,000 full-time employees, or $629,273 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology