Texas Instruments Incorporated (TXN)
POSITIVEFundamental
69
मूल्य
$259.53
मार्केट कैप
$236.48B
भाग 1 · कंपनी का मूल्य कितना है
अवलोकन
Texas Instruments designs and, unusually for the industry, also manufactures its own chips: small components that manage power delivery and process real-world signals inside almost every piece of electronic equipment, from a car's dashboard to a factory sensor. Its catalogue of roughly 80,000 products is sold to more than 100,000 customers worldwide, spanning industrial machinery, automobiles, communications equipment and consumer electronics, so no single product line or buyer determines the company's fortunes.
यह पैसा कैसे कमाती है
Revenue comes from selling physical chips, not subscriptions, and each design can stay in production largely unchanged for a decade or more, so development cost is spread over very high volumes. Owning its own 300-millimetre wafer factories — most competitors outsource this to foundries — lets TI keep manufacturing costs low as volume scales, which is central to how it prices its products and how much of each sale ultimately drops to profit rather than to a supplier.
सेगमेंट के अनुसार राजस्व
Chips that manage power delivery and process real-world signals — the largest and most profitable part of TI's business by far.
Microcontrollers and processors that act as the decision-making core inside machines, appliances and vehicles.
Legacy product lines, custom chips and other smaller businesses that do not belong to the two main product families.
प्रतिस्पर्धी बढ़त (Moat)
लागत लाभ · संकीर्णOwning 300-millimetre fabs instead of renting foundry capacity gives TI a structural cost edge that grows as it adds volume, and once an engineer designs a TI chip into a product, requalifying a substitute part costs time and money most customers avoid for years. Neither advantage is unbreakable: foundry-based rivals can undercut on price in commodity parts, and large customers do occasionally switch.
मांग को क्या चलाता है
चक्रीयTI's chips go mostly into industrial equipment and cars, two end markets that expand and contract with capital spending and vehicle production rather than following steady consumer habits. When factories delay orders or car output slows, distributors and customers first work down existing inventory before ordering again, which amplifies the swing in TI's own reported revenue.
प्रमुख जोखिम
- Cyclical industrial and automotive demand — TI's two largest end markets move with capital spending and vehicle output, and inventory corrections at distributors and customers can turn a modest slowdown in real demand into a sharp drop in orders.
- Heavy committed manufacturing capacity — TI is spending heavily to build new 300-millimetre fabs years ahead of the demand they are meant to serve. If growth disappoints, that fixed capacity sits underused and depresses margins.
- Competition from Chinese and other low-cost suppliers — Local Chinese chipmakers are gaining ground in analog products with government support, pressuring price and share in TI's largest geographic market.
- Export controls and geopolitics — A large share of TI's revenue is billed outside the United States, exposing it to trade restrictions, tariffs and export-control rules that can change with little warning.
ग्राहक Concentration
TI does not disclose a concentration figure; it describes a base of more than 100,000 customers across industrial, automotive and other markets, with no single buyer representing a material share of revenue.
खरीदने के पक्ष में तर्क
Buyers argue that owning manufacturing capacity gives TI a durable cost edge as volumes recover, that the long design-in cycles of analog chips keep customers locked in for years, and that a broad, diversified customer base makes any single loss immaterial to the whole.
बेचने के पक्ष में तर्क
Sellers fear that heavy, self-funded factory spending built years ahead of demand leaves TI exposed to underutilization in a downturn, that Chinese competitors are closing the gap on price in the least differentiated chips, and that the industrial and automotive cycle can stay weak longer than the market expects.
Written by the editors, published on 18 अगस्त 2026
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बैलेंस शीट और तरलता
राजस्व
$19.45B
पिछले 12 महीने (30/6/2026 तक)
शुद्ध आय
$6.05B
पिछले 12 महीने (30/6/2026 तक)
Free Cash Flow
$2.60B
कुल इक्विटी
$16.27B
कुल देनदारियाँ
$18.31B
Current Ratio
4.86
Interest Coverage
-
Debt/EBITDA
1.48
Earnings Per Share
राजस्व और शुद्ध आय
Free Cash Flow
आय विवरण
ऐतिहासिक विवरण
समय के साथ मार्जिन
समय के साथ ऋण
ऋण कितना भारी है
वृद्धि तालिका
वृद्धि — राजस्व
Fair Value अनुमान
Fair Value
$182.92
वर्तमान मूल्य
$259.53
Margin of Safety
-41.9%
Fair Value सीमा
$118.90 - $246.94
अनुमान विधियाँ
मूल्यांकन मेट्रिक्स
P/E Ratio
39.35
ROE
30.7%
P/B Ratio
13.13
P/FCF
44.16
Gross Margin
58.3%
ROIC
17.6%
लाभप्रदता Radar
Value Creation (Economic Moat)
ROIC
17.6%
WACC
11.4%
ROIC − WACC
+6.2 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental विश्लेषण मानदंड
पास (17)
- EPS shows upward trend
- EPS CAGR 6.25%
- Price CAGR 13.74%
- ROIC 17.6%
- Gross Margin 58.3%
- Debt/Equity ratio
- Operating Margin 37.3%
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Return on Tangible Assets
- ROE 35.8%
- Earnings Surprise avg 6.7%
- Earnings Quality (OCF/NI) 1.43
- Share Dilution -0.6%
- Net Margin Trend 31.1% vs 30.2%
- Piotroski F-Score 7/9
फेल (8)
- P/FCF 44.16
- P/B Ratio 13.13
- CapEx intensity
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- Revenue Growth 5Y 4.1%
- Analyst Consensus 47% Buy
अनुपलब्ध (3)
- Dividend Payout NaN%
- Interest Coverage
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-Score
मजबूत वित्तीय स्वास्थ्य
Earnings गुणवत्ता
उच्च गुणवत्ता: earnings नकदी द्वारा समर्थित
शेयर Dilution
शेयर वापस खरीद रही है। शेयरधारक अनुकूल
प्रशासन
कार्यकारी टीम
| नाम | पद | आयु |
|---|---|---|
| Mr. Haviv Ilan | President, CEO & Chairman | 56 |
| Mr. Rafael R. Lizardi | Advisor | 52 |
| Mr. Hagop H. Kozanian | Senior Vice President of Analog Signal Chain | 42 |
| Mr. Amichai Ron | Senior Vice President of Embedded Processing & DLP® Products | 47 |
| Ms. Julie C. Knecht | Senior VP, CFO & Chief Accounting Officer | 53 |
| Dr. Ahmad R. S. Bahai Ph.D. | Senior VP & CTO | 62 |
| Ms. Krunali Patel | Senior VP & Chief Information Officer | - |
| Mr. Mike Beckman | VP & Head of Investor Relations | - |
| Ms. Katharine Kane | Senior VP, General Counsel, Legal, Chief Compliance Officer & Secretary | 40 |
| Ms. Christine A. Witzsche | Senior Vice President of Communications & Investor Relations | 40 |
Audit जोखिम
8
बोर्ड जोखिम
7
मुआवजा जोखिम
8
शेयरधारक अधिकार जोखिम
7
भाग 2 · कीमत और खरीदने का समय
यह हिस्सा यह नहीं बताता कि कंपनी अच्छी है या नहीं: यह तय करने में मदद करता है कि उसे कब खरीदें, जब फंडामेंटल आपको आश्वस्त कर चुके हों। इसमें: तकनीकी विश्लेषण, संभावना, ऐतिहासिक गिरावट, गामा एक्सपोज़र।
Latest News
Recent headlines for TXN, sourced from Markets Gazette.
- 7/23/2026NEGATIVETexas Instruments shares are sliding, and its rival is doing even worse. What’s going on in the world of analog semiconductors.
Texas Instruments (TXN) saw its shares decline on Thursday, mirroring a broader downturn in the analog semiconductor sector. Rival STMicroelectronics (STM) experienced an even steeper drop. Both companies reported strong second-quarter demand but struggled to meet elevated market expectations. This suggests a potential slowdown or a reassessment of growth prospects within the analog chip market, which could impact future earnings and investor sentiment for companies reliant on this segment.
- 5/18/2026POSITIVE$1000 Invested In Texas Instruments 20 Years Ago Would Be Worth This Much Today
An investment of $1000 in Texas Instruments (TXN) made 20 years ago would have grown substantially, highlighting the company's long-term value creation. While specific figures are not provided in the summary, this historical performance indicates robust revenue growth, consistent profitability, and effective capital allocation strategies over two decades. For investors, this underscores TXN's potential as a stable, growth-oriented holding within the semiconductor industry, suggesting a history of innovation and market leadership that has translated into significant shareholder returns.
- 4/24/2026POSITIVEThis Old-School Tech Name Is Emerging As An Unexpected AI Winner
Texas Instruments experienced its third-largest daily gain following a remarkable 90% surge in data center sales. This significant revenue growth in a key AI-driven sector has prompted Wall Street analysts to issue 17 price target increases. The company's performance indicates a strong position in the burgeoning AI market, potentially attracting further investor interest and validating its strategic focus on advanced semiconductor solutions for data-intensive applications.
- 4/23/2026POSITIVETexas Instruments topped Wall Street’s outlook on more than just data-center demand
Texas Instruments has surpassed Wall Street's expectations, reporting strong demand not only from the booming data-center sector but also significantly from its core industrial customer base. This dual-engine growth suggests a broader economic recovery or resilience, particularly in manufacturing. The company's increased outlook signals robust performance ahead, offering investors a positive outlook on a key semiconductor player deeply integrated into industrial supply chains. This diversified demand is a strong indicator of sustained revenue growth and market share.
- 4/22/2026NEUTRALTranscript: Texas Instruments Q1 2026 Earnings Conference Call
Texas Instruments Inc. held its Q1 2026 Earnings Conference Call on April 22, 2026. The transcript provides detailed insights into the company's financial performance, strategic initiatives, and future outlook. While specific financial figures and forward-looking statements are crucial for a definitive analysis, the mere release of an earnings call transcript is informational. Investors will scrutinize the call for management's commentary on demand trends, product cycles, competitive landscape, and capital allocation strategies to gauge the company's health and future prospects. The absence of immediate market-moving news within the transcript itself suggests a neutral initial reaction pending deeper analysis of the content.
- 4/17/2026POSITIVEThis Texas Instruments Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Friday
A notable shift in sentiment from a key Wall Street analyst has seen Texas Instruments (TXN) upgraded from a bearish to a neutral or positive stance. This reassures investors about the semiconductor manufacturer's future prospects. The analyst also highlighted upgrades for Postal Realty Trust, Onto Innovation, Petroleo Brasileiro ADR, and Quaker Chemical Corp., suggesting a broader positive outlook across several sectors. For TXN investors, this analyst's change of heart could signal a potential bottoming out of recent price weakness and an opportunity for recovery.
- 4/14/2026POSITIVE$100 Invested In Texas Instruments 15 Years Ago Would Be Worth This Much Today
An investment of $100 in Texas Instruments (TXN) 15 years ago would have grown significantly, highlighting the company's long-term value creation. While specific figures are not provided in the title, such a scenario typically implies substantial capital appreciation, likely driven by consistent revenue growth, successful product innovation in semiconductors, and strategic market positioning. Investors who held TXN stock over this period would have benefited from the company's performance in areas like analog and embedded processing, which are critical for automotive, industrial, and personal electronics markets. This historical performance suggests a strong track record of shareholder returns.
- 3/26/2026POSITIVEIf You Invested $100 In Texas Instruments Stock 15 Years Ago, You Would Have This Much Today
An investment of $100 in Texas Instruments (TXN) stock 15 years ago would have grown to a substantial amount today, reflecting the company's strong long-term performance. While the exact figure is not provided, the implication is significant capital appreciation. This historical performance underscores TXN's resilience and growth potential in the semiconductor industry, driven by its analog and embedded processing chips. Investors considering TXN should note its consistent revenue growth and profitability over the past decade, which have contributed to its robust stock returns.
- 3/13/2026POSITIVEIf You Invested $1000 In Texas Instruments Stock 20 Years Ago, You Would Have This Much Today
An investment of $1,000 in Texas Instruments (TXN) stock twenty years ago would have yielded a substantial return, illustrating the long-term growth potential of the semiconductor manufacturer. While specific figures are not provided in the prompt, such historical performance analyses typically highlight significant capital appreciation and dividend reinvestment benefits. Texas Instruments has a history of innovation in analog and embedded processing chips, serving diverse markets including automotive, industrial, and personal electronics. Investors who held TXN over two decades likely benefited from the company's consistent product development and market expansion, underscoring its resilience and profitability in the technology sector.
- 3/10/2026POSITIVEFrom Wearables To Robots: Texas Instruments Launches AI-Ready Microcontrollers
Texas Instruments has launched a new line of AI-ready microcontrollers designed for enhanced, low-power processing capabilities. These chips are specifically targeted at the rapidly growing wearables and robotics markets, promising to accelerate innovation in these sectors. The development signifies TI's strategic push into the burgeoning field of edge AI, enabling more sophisticated functionalities directly on devices. For investors, this move positions Texas Instruments to capitalize on the increasing demand for intelligent, power-efficient embedded systems, potentially driving future revenue growth and market share expansion.
via Markets Gazette