Texas Instruments (TXN)
Market Price (5/7/2026): $288.93 | Market Cap: $262.6 BilSector: Information Technology | Industry: Semiconductors
Texas Instruments (TXN)
Market Price (5/7/2026): $288.93Market Cap: $262.6 BilSector: Information TechnologyIndustry: Semiconductors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 36% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 42%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%, CFO LTM is 7.8 Bil, FCF LTM is 3.7 Bil Stock buyback supportStock Buyback 3Y Total is 2.8 Bil Low stock price volatilityVol 12M is 39% Megatrend and thematic driversMegatrends include Artificial Intelligence, Automation & Robotics, Electric Vehicles & Autonomous Driving, and Smart Grids & Grid Modernization. Show more. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.1% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 60% Key risksTXN key risks include [1] a massive capital expenditure program to build out manufacturing capacity, Show more. |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 36% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 42%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%, CFO LTM is 7.8 Bil, FCF LTM is 3.7 Bil |
| Stock buyback supportStock Buyback 3Y Total is 2.8 Bil |
| Low stock price volatilityVol 12M is 39% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Automation & Robotics, Electric Vehicles & Autonomous Driving, and Smart Grids & Grid Modernization. Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.1% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 60% |
| Key risksTXN key risks include [1] a massive capital expenditure program to build out manufacturing capacity, Show more. |
Qualitative Assessment
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1. Strong Q1 2026 Earnings Beat and Upbeat Q2 Guidance Signaling the End of the "Analog Winter". Texas Instruments reported Q1 2026 diluted earnings per share (EPS) of $1.68 on April 22, 2026, significantly beating the consensus estimate of $1.37 by $0.31. Quarterly revenue rose 18.6% year-over-year to $4.83 billion. Furthermore, the company issued optimistic Q2 2026 guidance, projecting revenue between $5.00 billion and $5.40 billion and EPS between $1.77 and $2.05, both surpassing analyst expectations. This performance, driven by growth in the industrial and data center segments, indicated a definitive end to the "analog winter" of inventory corrections, with customer inventories reaching replacement levels.
2. Positive Macroeconomic Tailwinds from the Semiconductor Industry, Fueled by AI and Data Centers. The broader semiconductor industry is experiencing a robust growth phase, with global sales projected to reach a historic peak of US$975 billion in 2026, largely due to the intensifying AI infrastructure boom. Industry leaders show high confidence, with 93% expecting revenue growth in 2026, and the KPMG Semiconductor Industry Confidence Index rising to 63, its third-highest score in two decades. AI, cloud/data centers, and automotive sectors are identified as top revenue drivers, directly benefiting Texas Instruments' core markets of industrial, automotive, and data center equipment.
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Stock Movement Drivers
Fundamental Drivers
The 35.0% change in TXN stock from 1/31/2026 to 5/6/2026 was primarily driven by a 26.8% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5062026 | Change |
|---|---|---|---|
| Stock Price ($) | 214.46 | 289.44 | 35.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17,266 | 18,438 | 6.8% |
| Net Income Margin (%) | 29.2% | 29.1% | -0.3% |
| P/E Multiple | 38.7 | 49.0 | 26.8% |
| Shares Outstanding (Mil) | 909 | 909 | 0.0% |
| Cumulative Contribution | 35.0% |
Market Drivers
1/31/2026 to 5/6/2026| Return | Correlation | |
|---|---|---|
| TXN | 35.0% | |
| Market (SPY) | 3.6% | 27.7% |
| Sector (XLK) | 18.3% | 17.6% |
Fundamental Drivers
The 81.4% change in TXN stock from 10/31/2025 to 5/6/2026 was primarily driven by a 70.4% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5062026 | Change |
|---|---|---|---|
| Stock Price ($) | 159.60 | 289.44 | 81.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17,266 | 18,438 | 6.8% |
| Net Income Margin (%) | 29.2% | 29.1% | -0.3% |
| P/E Multiple | 28.8 | 49.0 | 70.4% |
| Shares Outstanding (Mil) | 909 | 909 | 0.0% |
| Cumulative Contribution | 81.4% |
Market Drivers
10/31/2025 to 5/6/2026| Return | Correlation | |
|---|---|---|
| TXN | 81.4% | |
| Market (SPY) | 5.5% | 31.6% |
| Sector (XLK) | 13.4% | 25.0% |
Fundamental Drivers
The 85.9% change in TXN stock from 4/30/2025 to 5/6/2026 was primarily driven by a 68.6% change in the company's P/E Multiple.| (LTM values as of) | 4302025 | 5062026 | Change |
|---|---|---|---|
| Stock Price ($) | 155.68 | 289.44 | 85.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16,049 | 18,438 | 14.9% |
| Net Income Margin (%) | 30.4% | 29.1% | -4.1% |
| P/E Multiple | 29.1 | 49.0 | 68.6% |
| Shares Outstanding (Mil) | 910 | 909 | 0.1% |
| Cumulative Contribution | 85.9% |
Market Drivers
4/30/2025 to 5/6/2026| Return | Correlation | |
|---|---|---|
| TXN | 85.9% | |
| Market (SPY) | 30.4% | 34.2% |
| Sector (XLK) | 62.9% | 29.6% |
Fundamental Drivers
The 90.4% change in TXN stock from 4/30/2023 to 5/6/2026 was primarily driven by a 193.6% change in the company's P/E Multiple.| (LTM values as of) | 4302023 | 5062026 | Change |
|---|---|---|---|
| Stock Price ($) | 151.98 | 289.44 | 90.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 19,502 | 18,438 | -5.5% |
| Net Income Margin (%) | 42.3% | 29.1% | -31.2% |
| P/E Multiple | 16.7 | 49.0 | 193.6% |
| Shares Outstanding (Mil) | 907 | 909 | -0.2% |
| Cumulative Contribution | 90.4% |
Market Drivers
4/30/2023 to 5/6/2026| Return | Correlation | |
|---|---|---|
| TXN | 90.4% | |
| Market (SPY) | 78.7% | 57.3% |
| Sector (XLK) | 130.2% | 54.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TXN Return | 18% | -10% | 6% | 13% | -4% | 64% | 100% |
| Peers Return | 51% | -15% | 48% | 10% | 17% | 51% | 274% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 6% | 93% |
Monthly Win Rates [3] | |||||||
| TXN Win Rate | 67% | 42% | 58% | 50% | 50% | 60% | |
| Peers Win Rate | 67% | 42% | 67% | 40% | 50% | 64% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| TXN Max Drawdown | -1% | -20% | -12% | -7% | -22% | 0% | |
| Peers Max Drawdown | -2% | -32% | -3% | -18% | -34% | -7% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADI, NXPI, MCHP, ON, AVGO. See TXN Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/6/2026 (YTD)
How Low Can It Go
| Event | TXN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.8% | -18.8% |
| % Gain to Breakeven | 34.8% | 23.1% |
| Time to Breakeven | 49 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -10.4% | -7.8% |
| % Gain to Breakeven | 11.7% | 8.5% |
| Time to Breakeven | 15 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -23.3% | -9.5% |
| % Gain to Breakeven | 30.3% | 10.5% |
| Time to Breakeven | 189 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.0% | -24.5% |
| % Gain to Breakeven | 26.6% | 32.4% |
| Time to Breakeven | 216 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -29.8% | -33.7% |
| % Gain to Breakeven | 42.4% | 50.9% |
| Time to Breakeven | 84 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -18.1% | -19.2% |
| % Gain to Breakeven | 22.2% | 23.7% |
| Time to Breakeven | 44 days | 105 days |
In The Past
Texas Instruments's stock fell -25.8% during the 2025 US Tariff Shock. Such a loss loss requires a 34.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | TXN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.8% | -18.8% |
| % Gain to Breakeven | 34.8% | 23.1% |
| Time to Breakeven | 49 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -23.3% | -9.5% |
| % Gain to Breakeven | 30.3% | 10.5% |
| Time to Breakeven | 189 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.0% | -24.5% |
| % Gain to Breakeven | 26.6% | 32.4% |
| Time to Breakeven | 216 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -29.8% | -33.7% |
| % Gain to Breakeven | 42.4% | 50.9% |
| Time to Breakeven | 84 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -21.6% | -17.9% |
| % Gain to Breakeven | 27.5% | 21.8% |
| Time to Breakeven | 66 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -58.6% | -53.4% |
| % Gain to Breakeven | 141.8% | 114.4% |
| Time to Breakeven | 630 days | 1085 days |
In The Past
Texas Instruments's stock fell -25.8% during the 2025 US Tariff Shock. Such a loss loss requires a 34.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Texas Instruments (TXN)
AI Analysis | Feedback
Here are 1-3 brief analogies for Texas Instruments (TXN):
- The 3M of semiconductors: Similar to how 3M makes a vast array of essential, often unseen components and materials used across countless industries, Texas Instruments provides a wide range of foundational microchips that power almost all modern electronic devices.
- The Intel for 'everything else' electronic: If Intel builds the main processing 'brains' for computers, Texas Instruments makes many of the essential 'nervous system' and power management chips that enable nearly every other electronic device, from cars and industrial equipment to personal gadgets.
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```html- Analog Power Products: Semiconductors designed to efficiently manage power requirements in various electronic systems.
- Analog Signal Chain Products: Semiconductors that sense, condition, and measure signals for processing and control in electronic devices.
- Microcontrollers (MCUs): Integrated circuits used for controlling specific functions within electronic equipment.
- Digital Signal Processors (DSPs): Specialized microprocessors optimized for rapid mathematical computations.
- Applications Processors: Advanced processors designed for specific computing activities in a wide range of devices.
- DLP Products: Digital micromirror devices primarily utilized in projectors to create high-definition images.
- Calculators: Handheld electronic devices used for performing mathematical computations.
- Application-Specific Integrated Circuits (ASICs): Custom-designed integrated circuits tailored for particular applications.
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Haviv Ilan, Chairman, President and Chief Executive Officer
Haviv Ilan became Chairman of the board in 2026 and President and Chief Executive Officer of Texas Instruments (TI) in 2023, having served on the company's board of directors since 2021. He began his career at TI in 1999 when the company acquired Butterfly, a wireless startup company he was involved with. Prior to becoming CEO, Ilan served as executive vice president and chief operating officer, overseeing TI's business and sales organizations, technology and manufacturing operations, and IT solutions. He holds bachelor's and master's degrees in electrical engineering from Tel Aviv University and an MBA from the Joint International Executive MBA Program at Northwestern University's Kellogg School of Management and Tel Aviv University's Leon Recanati Graduate School of Business Administration.
Rafael Lizardi, Senior Vice President and Chief Financial Officer
Rafael Lizardi is a Senior Vice President and Chief Financial Officer of Texas Instruments. He joined TI in 2001 and has held various leadership positions in finance and operations, including corporate controller. Prior to joining TI, he served five years as a captain in the U.S. Army Corps of Engineers. Lizardi holds a bachelor's degree in electrical engineering from The U.S. Military Academy at West Point and a Master of Business Administration from Stanford University. He is also a Certified Management Accountant.
Ahmad S. Bahai, Senior Vice President and Chief Technology Officer
Ahmad S. Bahai serves as the Senior Vice President and Chief Technology Officer at Texas Instruments, where he is responsible for driving the company's technological vision and strategy, including overseeing research and development efforts. Before joining Texas Instruments, he co-founded Iospan Wireless Inc. His background also includes roles such as Chief Technology Officer at National Semiconductor and Co-Founder of Algorex Corporation. Dr. Bahai holds a Research Doctorate in Electrical and Electronics Engineering from the University of California, Berkeley, and a Master of Science from Imperial College London. He has also been a professor at both MIT and Stanford University.
Krunali Patel, Senior Vice President and Chief Information Officer, Information Technology (IT) Solutions
Krunali Patel is the Senior Vice President and Chief Information Officer of Texas Instruments, responsible for the Information Technology Solutions organization. She joined TI in 1996. Throughout her career at TI, which spans over two decades, she has held various roles, including Electrical Design Engineer and Vice President of Information Technology. Prior to her current role, Patel served as vice president of TI's design and manufacturing IT solutions organization, where she led the development and implementation of information technology strategies and roadmaps for manufacturing automation.
Amichai Ron, Senior Vice President, Embedded Processing and DLP Products
Amichai Ron is a Senior Vice President overseeing Embedded Processing and DLP Products at Texas Instruments.
AI Analysis | Feedback
- The cyclical nature of the semiconductor industry and fluctuations in demand across its key end markets (industrial, automotive, personal electronics, communications equipment, and enterprise systems) pose a significant risk to Texas Instruments. Economic downturns or shifts in technology adoption within these markets can lead to reduced orders and revenue.
- Intense competition within the analog and embedded processing semiconductor markets, coupled with rapid technological advancements, presents a continuous risk of pricing pressure and product obsolescence. Texas Instruments must constantly innovate to maintain its competitive edge and market share.
- Global supply chain disruptions and geopolitical risks, such as trade tensions and restrictions on technology transfer, could adversely impact Texas Instruments' manufacturing operations, raw material procurement, and ability to sell products in key international markets.
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Texas Instruments (TXN) operates in significant addressable markets for its semiconductor products, specifically within the Analog and Embedded Processing segments. The company's main products, including analog semiconductors, microcontrollers, and digital signal processors, serve substantial global markets.
Analog Segment
The global analog semiconductors market was valued at approximately USD 87.5 billion in 2024 and is projected to grow to about USD 178.9 billion by 2034, with a compound annual growth rate (CAGR) of 7.4% from 2025 to 2034. Another estimate places the global analog semiconductor market size at USD 101.22 billion in 2024, anticipated to reach USD 180.24 billion by 2034, expanding at a CAGR of 5.94% from 2025 to 2034. The market for analog semiconductors was also reported at USD 88.65 billion in 2023, with projections to reach USD 156.4 billion by 2032.
Embedded Processing Segment
Microcontrollers
The global microcontroller market size was estimated at USD 40.23 billion in 2025 and is projected to reach USD 105.32 billion by 2033, growing at a CAGR of 13.0% from 2026 to 2033. Other reports indicate the global microcontroller market size was USD 28.8 billion in 2024, with a projection to reach USD 67.4 billion by 2032 at a CAGR of 11.4% from 2025 to 2032. Additionally, the market was valued at USD 34.75 billion in 2025 and is estimated to grow to USD 62.74 billion by 2031.
Digital Signal Processors (DSPs)
The global Digital Signal Processors (DSP) market size was approximately USD 17.23 billion in 2025, expected to grow to USD 18.75 billion in 2026, and is projected to reach USD 25.16 billion by 2030. Another analysis estimates the global DSP market size at USD 25.69 billion in 2024, with a projection to reach USD 59.30 billion by 2035, exhibiting a CAGR of 7.9% during 2025-2035. The market was also valued at USD 11.02 billion in 2025 and is projected to grow to USD 21.87 billion by 2034.
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Here are 3-5 expected drivers of future revenue growth for Texas Instruments (symbol: TXN) over the next 2-3 years:
- Strong Growth in Industrial, Automotive, and Data Center Markets: Texas Instruments has strategically focused on these three markets, which collectively represented approximately 75% of its revenue in 2025, a significant increase from 43% in 2013. These segments are anticipated to be the primary drivers of growth for the foreseeable future. Specifically, the industrial market saw a 12% year-on-year increase in 2025 and is expected to experience a broad-based rebound. The automotive sector grew 6% year-on-year in 2025. The data center market has shown particularly robust growth, with a 64% year-on-year increase in 2025 and a 70% year-over-year surge in Q4 2025. Analysts project the data center business to account for over 12% of total revenue in 2026, up from about 9% in 2025, driven by trends toward higher power density and AI applications.
- Advantage from 300mm Manufacturing Capacity Expansion: The company is concluding a six-year period of elevated capital expenditures aimed at expanding its 300-millimeter wafer fabrication capacity. These investments are designed to provide dependable, low-cost manufacturing at scale, which is expected to reduce costs, ensure future supply, and enable Texas Instruments to achieve higher margins as chip demand normalizes. This strengthened manufacturing capability is a key competitive advantage.
- Acquisition of Silicon Labs' Analog and Mixed-Signal Assets: Texas Instruments announced its intention to acquire the analog and mixed-signal assets from Silicon Labs, with the transaction expected to close in the first half of 2027. This acquisition is expected to bolster TI's industrial exposure and integrate a broad wireless connectivity portfolio, thereby enhancing its IoT capabilities. The company anticipates revenue synergies by integrating these newly acquired products into its existing distribution channels and leveraging its e-commerce platform.
- Broad Product Portfolio and Diversified End Markets: Texas Instruments benefits from a diverse product portfolio across its Analog and Embedded Processing segments, serving a wide array of end markets including industrial, automotive, personal electronics, and communications equipment. This diversification provides resilience against market seasonality and cyclical downturns and positions the company to capitalize on new technological advancements across these sectors. The Analog segment, which constituted a substantial 77.6% of the company's total revenues in Q2 2025, continues to expand rapidly.
- Improving Semiconductor Market Conditions and Order Rates: The broader semiconductor market is showing signs of recovery, which is positively impacting Texas Instruments. The company has reported increasing orders, contributing to its positive forward guidance. Analysts have noted improved order rates, particularly from industrial and data center clients, suggesting that the overall semiconductor recovery is allowing Texas Instruments to project growth above typical seasonal patterns.
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Share Repurchases
- Texas Instruments' annual share repurchases were approximately $527 million in 2021, $3.615 billion in 2022, $293 million in 2023, $929 million in 2024, and $1.477 billion in 2025.
- In September 2022, the board authorized an additional $15 billion for common stock repurchases, supplementing approximately $8.2 billion remaining from prior authorizations as of June 2022.
- Texas Instruments returned $6.48 billion to shareholders through dividends and buybacks in 2025.
Outbound Investments
- In February 2026, Texas Instruments entered into a definitive agreement to acquire Silicon Labs for approximately $7.5 billion in an all-cash transaction, expected to close in the first half of 2027. This acquisition is aimed at expanding TI's embedded wireless connectivity solutions portfolio and leveraging its new fabrication plants.
Capital Expenditures
- Capital expenditures amounted to $2.462 billion in 2021, $2.797 billion in 2022, $5.071 billion in 2023, and $4.82 billion in 2024. For 2025, actual capital expenditures totaled $4.55 billion.
- The company's capital expenditures for 2026 are projected to significantly decrease to a range of $2 billion to $3 billion.
- The primary focus of these substantial capital expenditures has been a multi-year, multi-billion dollar investment plan to expand internal 300mm wafer fabrication capacity across new facilities in Texas (Richardson, Sherman) and Utah, as part of a larger plan to invest over $60 billion in U.S. manufacturing.
Latest Trefis Analyses
Trade Ideas
Select ideas related to TXN.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | PLTR | Palantir Technologies | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 04102026 | ADSK | Autodesk | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.5% | 8.5% | 0.0% |
| 04102026 | BSY | Bentley Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.2% | 4.2% | 0.0% |
| 04102026 | ENPH | Enphase Energy | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.7% | 5.7% | 0.0% |
| 04102026 | BL | BlackLine | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 3.2% | 3.2% | -3.0% |
| 10312025 | TXN | Texas Instruments | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 75.2% | 75.2% | -5.0% |
| 08312022 | TXN | Texas Instruments | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 5.8% | 4.8% | -10.2% |
| 02282022 | TXN | Texas Instruments | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.1% | 3.8% | -12.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 296.50 |
| Mkt Cap | 140.0 |
| Rev LTM | 12,186 |
| Op Inc LTM | 3,353 |
| FCF LTM | 3,138 |
| FCF 3Y Avg | 2,191 |
| CFO LTM | 4,051 |
| CFO 3Y Avg | 3,787 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.6% |
| Rev Chg 3Y Avg | -1.3% |
| Rev Chg Q | 17.1% |
| QoQ Delta Rev Chg LTM | 4.0% |
| Op Inc Chg LTM | 8.8% |
| Op Inc Chg 3Y Avg | -7.1% |
| Op Mgn LTM | 27.6% |
| Op Mgn 3Y Avg | 26.9% |
| QoQ Delta Op Mgn LTM | 1.9% |
| CFO/Rev LTM | 33.3% |
| CFO/Rev 3Y Avg | 33.3% |
| FCF/Rev LTM | 20.2% |
| FCF/Rev 3Y Avg | 21.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 140.0 |
| P/S | 13.5 |
| P/Op Inc | 48.9 |
| P/EBIT | 57.8 |
| P/E | 60.8 |
| P/CFO | 36.9 |
| Total Yield | 1.8% |
| Dividend Yield | 1.1% |
| FCF Yield 3Y Avg | 3.5% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 49.5% |
| 3M Rtn | 33.4% |
| 6M Rtn | 74.5% |
| 12M Rtn | 115.0% |
| 3Y Rtn | 91.5% |
| 1M Excs Rtn | 37.7% |
| 3M Excs Rtn | 26.4% |
| 6M Excs Rtn | 65.8% |
| 12M Excs Rtn | 83.2% |
| 3Y Excs Rtn | 15.5% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Analog | 12,161 | 13,040 | 15,359 | 14,050 | 10,886 |
| Embedded Processing | 2,533 | 3,368 | 3,261 | 3,049 | 2,570 |
| Other | 947 | 1,111 | 1,408 | 1,245 | 1,005 |
| Total | 15,641 | 17,519 | 20,028 | 18,344 | 14,461 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Analog | 4,608 | 5,821 | 8,359 | 7,393 | 4,912 |
| Other | 505 | 502 | 528 | 393 | 239 |
| Embedded Processing | 352 | 1,008 | 1,253 | 1,174 | 743 |
| Total | 5,465 | 7,331 | 10,140 | 8,960 | 5,894 |
Price Behavior
| Market Price | $289.44 | |
| Market Cap ($ Bil) | 263.1 | |
| First Trading Date | 06/01/1972 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $217.56 | $191.65 |
| DMA Trend | up | up |
| Distance from DMA | 33.0% | 51.0% |
| 3M | 1YR | |
| Volatility | 49.3% | 39.3% |
| Downside Capture | -0.27 | 0.12 |
| Upside Capture | 74.76 | 88.43 |
| Correlation (SPY) | 27.3% | 33.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.01 | 1.15 | 0.92 | 1.01 | 1.07 | 1.30 |
| Up Beta | 1.62 | 1.68 | 1.25 | 0.99 | 1.60 | 1.49 |
| Down Beta | -4.71 | 2.97 | 2.30 | 1.84 | 1.57 | 1.31 |
| Up Capture | 133% | 122% | 90% | 155% | 85% | 145% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 15 | 24 | 34 | 64 | 132 | 386 |
| Down Capture | -1613% | -17% | -4% | 17% | 46% | 104% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 7 | 19 | 30 | 59 | 117 | 364 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TXN | |
|---|---|---|---|---|
| TXN | 83.6% | 39.2% | 1.63 | - |
| Sector ETF (XLK) | 59.0% | 20.6% | 2.14 | 29.3% |
| Equity (SPY) | 28.5% | 12.5% | 1.78 | 33.5% |
| Gold (GLD) | 40.6% | 27.2% | 1.23 | 10.4% |
| Commodities (DBC) | 50.9% | 18.0% | 2.20 | -3.1% |
| Real Estate (VNQ) | 12.8% | 13.5% | 0.65 | 28.5% |
| Bitcoin (BTCUSD) | -14.2% | 42.1% | -0.25 | 18.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TXN | |
|---|---|---|---|---|
| TXN | 12.6% | 31.9% | 0.42 | - |
| Sector ETF (XLK) | 20.1% | 24.8% | 0.72 | 63.3% |
| Equity (SPY) | 12.7% | 17.1% | 0.58 | 64.0% |
| Gold (GLD) | 21.0% | 17.9% | 0.96 | 10.5% |
| Commodities (DBC) | 13.9% | 19.1% | 0.60 | 14.0% |
| Real Estate (VNQ) | 3.5% | 18.8% | 0.09 | 45.2% |
| Bitcoin (BTCUSD) | 8.7% | 56.1% | 0.37 | 23.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TXN | |
|---|---|---|---|---|
| TXN | 20.4% | 30.8% | 0.67 | - |
| Sector ETF (XLK) | 24.3% | 24.4% | 0.90 | 71.4% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 70.1% |
| Gold (GLD) | 13.7% | 16.0% | 0.71 | 6.5% |
| Commodities (DBC) | 9.5% | 17.7% | 0.45 | 20.3% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 46.8% |
| Bitcoin (BTCUSD) | 68.4% | 66.9% | 1.07 | 16.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/22/2026 | 19.4% | 13.9% | |
| 1/27/2026 | 9.9% | 15.3% | 8.8% |
| 10/21/2025 | -5.6% | -7.7% | -12.4% |
| 7/22/2025 | -13.3% | -11.0% | -5.9% |
| 4/23/2025 | 6.6% | 6.1% | 19.5% |
| 1/23/2025 | -7.5% | -7.6% | 0.8% |
| 10/22/2024 | 4.0% | 9.0% | 2.8% |
| 7/23/2024 | -0.0% | 1.4% | 5.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 12 | 13 |
| # Negative | 16 | 12 | 10 |
| Median Positive | 6.1% | 5.5% | 5.7% |
| Median Negative | -4.0% | -3.7% | -3.2% |
| Max Positive | 19.4% | 15.3% | 23.3% |
| Max Negative | -13.3% | -11.0% | -12.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/24/2026 | 10-Q |
| 12/31/2025 | 02/06/2026 | 10-K |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 10/23/2024 | 10-Q |
| 06/30/2024 | 07/24/2024 | 10-Q |
| 03/31/2024 | 04/24/2024 | 10-Q |
| 12/31/2023 | 02/02/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/03/2023 | 10-K |
| 09/30/2022 | 10/26/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 4/22/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 5.00 Bil | 5.20 Bil | 5.40 Bil | 15.6% | Higher New | Guidance: 4.50 Bil for Q1 2026 | |
| Q2 2026 Earnings per share | 1.77 | 1.91 | 2.05 | 41.5% | Higher New | Guidance: 1.35 for Q1 2026 | |
Prior: Q4 2025 Earnings Reported 1/27/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 4.32 Bil | 4.50 Bil | 4.68 Bil | 2.3% | Raised | Guidance: 4.40 Bil for Q4 2025 | |
| Q1 2026 EPS | 1.22 | 1.35 | 1.48 | 7.1% | Raised | Guidance: 1.26 for Q4 2025 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Knecht, Julie C | VP & Chief Accounting Officer | Direct | Sell | 5042026 | 278.70 | 9,956 | 2,774,786 | 2,541,789 | Form |
| 2 | Gary, Mark | Sr. Vice President | Direct | Sell | 5012026 | 279.25 | 13,689 | 3,822,671 | 12,719,059 | Form |
| 3 | Roberts, Mark T | Sr. Vice President | Direct | Sell | 5012026 | 280.34 | 28,080 | 7,871,934 | 15,084,790 | Form |
| 4 | Yunus, Mohammad | Sr. Vice President | Direct | Sell | 4302026 | 270.44 | 51,098 | 13,818,951 | 14,294,385 | Form |
| 5 | Kane, Katharine | SVP and General Counsel | Direct | Sell | 4282026 | 270.41 | 6,125 | 1,656,283 | 6,817,667 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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