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Texas Instruments TXN Operating margin

Operating margin at other companies

Analog Devices logo
Analog DevicesADI
32.5%+9.8pp
Semtech logo
SemtechSMTC
7%+3.7pp
Vicor logo
VicorVICR
21%
Microchip Technology logo
Microchip TechnologyMCHP
10.4%
Rambus logo
RambusRMBS
35.9%+0.2pp
ON Semiconductor logo
ON SemiconductorON
10%-0.1pp

Other financials

Income statement

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Revenue$4.8B+18.6%
Gross profit$2.8B+21.0%
Operating income$1.8B+36.6%
Net income$1.5B+31.0%
EPS (diluted)$1.68+31.3%

Balance sheet

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Cash & equivalents$3.5B+28.4%
Total debt$14.1B+9.4%
Total equity$16.8B+2.3%
Total assets$34.4B+1.9%

Cash flow

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Operating cash flow$1.5B+79.0%
CapEx$676.0M-39.8%
Free cash flow$844.0M+408%

Valuation

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Market cap$274.74B+8.1%
Enterprise value$285.24B+7.9%
P/E51.2×-1.0×
P/S14.9×-0.9×

Profitability

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Gross margin57.3%-0.7pp
Net margin29.1%-1.3pp

Returns & leverage

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Return on equity32.3%+3.2pp
Debt / equity0.8×+0.1×
Current ratio4.5×-0.8×

Where this comes from

Calculated from Texas Instruments’s reported figures.

Based on trailing twelve months.

The official record: Texas Instruments’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Texas Instruments's operating margin?
Texas Instruments (TXN) reported operating margin of 35.3% in Q1 2026.
How has Texas Instruments's operating margin changed year-over-year?
Texas Instruments's operating margin increased by 2.9% year-over-year, from 34.3% to 35.3%.
What is the long-term trend for Texas Instruments's operating margin?
Over 4 years (2021 to 2025), Texas Instruments's operating margin has grown at a -7.0% compound annual growth rate (CAGR), from 183.8% to 137.6%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.