Texas Instruments Inc. (TXN) stock — is it a good business?

Texas Instruments Inc. (TXN) stock — is it a good business? — InspectStocks

How it makes money

Analog chips81%
Embedded Processing chips15%

Shares of revenue are estimates for quarter ended 2026-03-31, not figures from a filing.

Competes with

What it sells6

Power chips
Chips that regulate, convert, distribute or measure electrical power in equipment, including battery-powered devices.
Signal-chain chips
Chips that sense and measure real-world signals, such as temperature or light, and amplify, change or pass those signals to other parts of a device.
Microcontrollers
Small computers inside equipment, combining a processor, memory and other parts to control specific tasks.

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Processors
Chips designed to carry out particular kinds of computing in electronic equipment.
Wireless connectivity and radar chips
Chips that provide wireless connections or process radar signals, including for equipment and vehicles.
DLP products, calculators and custom chips
DLP products are used mainly to project high-definition images; the company also sells calculators and custom chips called application-specific integrated circuits.

Who buys it1

Electronics designers and manufacturers buy chips for use in their products across industrial equipment, automotive, data centers, personal electronics and communications equipment. They can buy directly from Texas Instruments, including through its website, or through distributors; more than 80% of revenue was direct in 2025 (2025, high).

What it stands on, and what could break it

What the business leans on

1Sales depend on demand for electronic equipment and on customer and distributor inventories, which can rise or fall with the semiconductor supply-and-demand cycle.
2The company makes most of its chips in factories it owns, so production depends on its factories, manufacturing equipment and the time and capital needed to add capacity.
3It also uses outside chip-making and assembly suppliers to supplement its own production, and buys materials and parts from suppliers around the world.

What could go wrong

1The semiconductor cycle can bring periods of excess customer or distributor inventory and weaker demand, reducing orders for the company's chips.
2Much of the company's manufacturing cost is fixed; if factory output falls, those costs are spread over fewer chips. Large factory and equipment investments also expose it to the cost and timing of adding capacity.
3A disruption at company factories or at outside suppliers could interrupt chip production. The company operates manufacturing sites across several regions and depends on a global supplier network.

Full financial statements →

About Texas Instruments Inc.

Texas Instruments makes semiconductor chips that help electronic equipment manage electrical power, handle signals such as sound or temperature, and process data. Its chips are used in industrial equipment, cars, data centers, personal electronics and communications equipment. It sells mainly through its own sales channels, including its website, and also through distributors.

Head office: Dallas, Texas
Founded: 1930
Employees: about 33,000 (December 31, 2025, medium)
Listed on: NASDAQ
Financial year ends: December 31

Built from Texas Instruments Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

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The themes Texas Instruments is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Semiconductors

Graded A or B and worth $2B or more: A first, then the largest.

Grade rose recently in Technology

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

How it makes money

Analog chips81%
Embedded Processing chips15%

Shares of revenue are estimates for quarter ended 2026-03-31, not figures from a filing.

Competes with

What it sells6

Power chips
Chips that regulate, convert, distribute or measure electrical power in equipment, including battery-powered devices.
Signal-chain chips
Chips that sense and measure real-world signals, such as temperature or light, and amplify, change or pass those signals to other parts of a device.
Microcontrollers
Small computers inside equipment, combining a processor, memory and other parts to control specific tasks.

Show 3 more

Processors
Chips designed to carry out particular kinds of computing in electronic equipment.
Wireless connectivity and radar chips
Chips that provide wireless connections or process radar signals, including for equipment and vehicles.
DLP products, calculators and custom chips
DLP products are used mainly to project high-definition images; the company also sells calculators and custom chips called application-specific integrated circuits.

Who buys it1

Electronics designers and manufacturers buy chips for use in their products across industrial equipment, automotive, data centers, personal electronics and communications equipment. They can buy directly from Texas Instruments, including through its website, or through distributors; more than 80% of revenue was direct in 2025 (2025, high).

What it stands on, and what could break it

What the business leans on

1Sales depend on demand for electronic equipment and on customer and distributor inventories, which can rise or fall with the semiconductor supply-and-demand cycle.
2The company makes most of its chips in factories it owns, so production depends on its factories, manufacturing equipment and the time and capital needed to add capacity.
3It also uses outside chip-making and assembly suppliers to supplement its own production, and buys materials and parts from suppliers around the world.

What could go wrong

1The semiconductor cycle can bring periods of excess customer or distributor inventory and weaker demand, reducing orders for the company's chips.
2Much of the company's manufacturing cost is fixed; if factory output falls, those costs are spread over fewer chips. Large factory and equipment investments also expose it to the cost and timing of adding capacity.
3A disruption at company factories or at outside suppliers could interrupt chip production. The company operates manufacturing sites across several regions and depends on a global supplier network.

Full financial statements →

About Texas Instruments Inc.

Head office: Dallas, Texas
Founded: 1930
Employees: about 33,000 (December 31, 2025, medium)
Listed on: NASDAQ
Financial year ends: December 31

How it makes money

Competes with

What it sells6

Who buys it1

What it stands on, and what could break it

What the business leans on

What could go wrong

About Texas Instruments Inc.

Keep exploring

The theme it is part of

Highest-graded in Semiconductors

Grade rose recently in Technology

How it makes money

Competes with

What it sells6

Who buys it1

What it stands on, and what could break it

What the business leans on

What could go wrong

About Texas Instruments Inc.

Keep exploring

The theme it is part of

Highest-graded in Semiconductors

Grade rose recently in Technology

Texas Instruments Inc.

Analog, power & auto chips

Growth & cash — 5 of 5

Business trend

Share price and grade over time

How it makes money

Competes with

What it sells6

Who buys it1

What it stands on, and what could break it

What the business leans on

What could go wrong

About Texas Instruments Inc.

Keep exploring

The theme it is part of

Highest-graded in Semiconductors

Grade rose recently in Technology

How it makes money

Competes with

What it sells6

Who buys it1

What it stands on, and what could break it

What the business leans on

What could go wrong

About Texas Instruments Inc.

Keep exploring

The theme it is part of

Highest-graded in Semiconductors

Grade rose recently in Technology

Texas Instruments Inc.

Past performance

Analog, power & auto chips

Growth & cash — 5 of 5

Business trend

Share price and grade over time