Texas Instruments Inc (TXN) stock
TXNNasdaqSemiconductors & Related DevicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 23, 2026Score 15/3036% above fair value
$312.48+2.67 (+0.86%)
Close on Nov 12, 2026Market cap $285.54BP/E 40.5Yield 1.76%
Texas Instruments operating margin
Operating margin is operating income as a percentage of revenue.
Texas Instruments's operating margin for the twelve months ending Sep 30, 2026 was 40.8%. For fiscal 2025 it was 34.1%, against 34.9% the year before. The highest annual figure on record is 50.6% in fiscal 2022.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 34.1% | −0.9 |
| FY2024 | Dec 31, 2024 | 34.9% | −6.9 |
| FY2023 | Dec 31, 2023 | 41.8% | −8.8 |
| FY2022 | Dec 31, 2022 | 50.6% | +1.8 |
| FY2021 | Dec 31, 2021 | 48.8% | +8.1 |
| FY2020 | Dec 31, 2020 | 40.8% | +1.0 |
| FY2019 | Dec 31, 2019 | 39.8% | −2.7 |
| FY2018 | Dec 31, 2018 | 42.5% | +1.9 |
| FY2017 | Dec 31, 2017 | 40.7% | +4.3 |
| FY2016 | Dec 31, 2016 | 36.3% | +3.1 |
| FY2015 | Dec 31, 2015 | 33.2% | +3.0 |
| FY2014 | Dec 31, 2014 | 30.3% | +7.1 |
| FY2013 | Dec 31, 2013 | 23.2% | +7.8 |
| FY2012 | Dec 31, 2012 | 15.4% | −6.4 |
| FY2011 | Dec 31, 2011 | 21.8% | −10.5 |
| FY2010 | Dec 31, 2010 | 32.3% | +13.2 |
| FY2009 | Dec 31, 2009 | 19.1% | −0.4 |
| FY2008 | Dec 31, 2008 | 19.5% | −5.8 |
| FY2007 | Dec 31, 2007 | 25.3% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 47.5% | +12.4 |
| Q2 FY2026 | Jun 30, 2026 | 42.3% | +7.1 |
| Q1 FY2026 | Mar 31, 2026 | 37.5% | +4.9 |
| Q4 FY2025 | Dec 31, 2025 | 33.3% | −1.1 |
| Q3 FY2025 | Sep 30, 2025 | 35.1% | −2.4 |
| Q2 FY2025 | Jun 30, 2025 | 35.1% | +2.5 |
| Q1 FY2025 | Mar 31, 2025 | 32.5% | −2.6 |
| Q4 FY2024 | Dec 31, 2024 | 34.4% | −3.2 |
| Q3 FY2024 | Sep 30, 2024 | 37.4% | −4.3 |
| Q2 FY2024 | Jun 30, 2024 | 32.7% | −10.9 |
| Q1 FY2024 | Mar 31, 2024 | 35.1% | −9.0 |
| Q4 FY2023 | Dec 31, 2023 | 37.6% | −9.0 |
| Q3 FY2023 | Sep 30, 2023 | 41.7% | −9.3 |
| Q2 FY2023 | Jun 30, 2023 | 43.5% | −8.7 |
| Q1 FY2023 | Mar 31, 2023 | 44.2% | −8.1 |
| Q4 FY2022 | Dec 31, 2022 | 46.6% | −5.2 |
| Q3 FY2022 | Sep 30, 2022 | 51.1% | +1.5 |
| Q2 FY2022 | Jun 30, 2022 | 52.2% | +3.9 |
| Q1 FY2022 | Mar 31, 2022 | 52.3% | +7.0 |
| Q4 FY2021 | Dec 31, 2021 | 51.8% | +7.3 |
| Q3 FY2021 | Sep 30, 2021 | 49.6% | +7.5 |
| Q2 FY2021 | Jun 30, 2021 | 48.3% | +10.4 |
| Q1 FY2021 | Mar 31, 2021 | 45.2% | +7.8 |
| Q4 FY2020 | Dec 31, 2020 | 44.5% | +7.2 |
| Q3 FY2020 | Sep 30, 2020 | 42.2% | +0.0 |
| Q2 FY2020 | Jun 30, 2020 | 37.9% | −3.1 |
| Q1 FY2020 | Mar 31, 2020 | 37.4% | −1.0 |
| Q4 FY2019 | Dec 31, 2019 | 37.3% | −3.5 |
| Q3 FY2019 | Sep 30, 2019 | 42.1% | −3.3 |
| Q2 FY2019 | Jun 30, 2019 | 41.1% | −1.6 |
| Q1 FY2019 | Mar 31, 2019 | 38.4% | −2.5 |
| Q4 FY2018 | Dec 31, 2018 | 40.8% | −0.9 |
| Q3 FY2018 | Sep 30, 2018 | 45.5% | +2.0 |
| Q2 FY2018 | Jun 30, 2018 | 42.6% | +2.5 |
| Q1 FY2018 | Mar 31, 2018 | 40.9% | +4.1 |
| Q4 FY2017 | Dec 31, 2017 | 41.7% | +2.7 |
| Q3 FY2017 | Sep 30, 2017 | 43.4% | – |
| Q2 FY2017 | Jun 30, 2017 | 40.1% | – |
| Q1 FY2017 | Mar 31, 2017 | 36.8% | – |
| Q4 FY2016 | Dec 31, 2016 | 39.0% | – |
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