Texas Instruments Incorporated reported fourth quarter revenue of $4.42 billion, net income of $1.16 billion, and earnings per share of $1.27, which included a $0.06 reduction not reflected in the original guidance. Management noted revenue decreased 7% sequentially and increased 10% year over year, with cash flow from operations over the trailing 12 months at $7.2 billion and free cash flow at $2.9 billion. Over the past year, TI invested $3.9 billion in R&D and SG&A, $4.6 billion in capital expenditures, and returned $6.5 billion to owners.
Q4 2025 vs. Q4 2024
- Revenue: $4.423B vs. $4.007B (+10%)
- Operating profit: $1.473B vs. $1.377B (+7%)
- Net income: $1.163B vs. $1.205B (-3%)
- EPS: $1.27 vs. $1.30 (-2%)
Cash generation (trailing 12 months, Q4 2025 vs. Q4 2024)
- Cash flow from operations: $7.153B vs. $6.318B (+13%)
- Free cash flow: $2.938B vs. $1.498B (+96%)
- Free cash flow as a % of revenue: 16.6% vs. 9.6%
Cash returned (trailing 12 months, Q4 2025 vs. Q4 2024)
- Dividends paid: $4.999B vs. $4.795B (+4%)
- Stock repurchases: $1.477B vs. $0.929B (+59%)
- Total cash returned: $6.476B vs. $5.724B (+13%)
Outlook
- Q1 2026 revenue expected in the range of $4.32B to $4.68B
- Q1 2026 EPS expected between $1.22 and $1.48
Free cash flow is defined as cash flow from operations less capital expenditures, plus proceeds from U.S. CHIPS and Science Act incentives.
Original – Texas Instruments