TXN
Texas Instruments Incorporated

Texas Instruments IncorporatedTXN

Technology · Semiconductors
280.44USD
-1.97%
Sep 23, 2026
TXN overview ready
Vertically Integrated Analog and Embedded Semiconductor Manufacturer Expanding U.S. 300mm Capacity
Vertically integrated manufacturer of analog and embedded semiconductors with expanding U.S.
Strong narrative exposure
Exposed to the Semiconductor Supply Chain Localization narrative through Domestic Foundational Analog and Embedded Semiconductor Capacity — component supplier.
Constructive pullback in an uptrend
Longer-term context reads established trend, with a near-term setup of constructive pullback.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Fundamentals under pressure
Ev / sales is weak.
Primary risk
Cyclical demand fluctuations.
Market Aug 10Filing Jun 30Price action Aug 9Research Jul 29

Conviction Level

NarrativeHeat8.7ThemeHeat8.0PriceAction7.1Valuation1.1CompanyPosition7.3
Price
Loading price history…

Price Action

Constructive pullback in an uptrend
Longer-term context reads established trend, with a near-term setup of constructive pullback.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA100 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$256.1B
Avg Volume (60D)
9.0M
60 sessions
Revenue Growth YoY
+13.0%
FY2025 vs FY2024
Gross Margin
+58.3%
Trailing twelve months
Operating Margin
+37.3%
Trailing twelve months
Free Cash Flow Yield
+2.1%
P/E
42.3x
EV / Sales
13.5x
Market metrics as of Aug 10, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads expensive.
Texas Instruments Incorporated has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command.

Company Research

Thesis
Vertically integrated manufacturer of analog and embedded semiconductors with expanding U.S. 300mm wafer fabrication capacity. TXN genuinely fits Semiconductor Supply Chain Localization, but not the currently listed Domestic Fab Equipment and Specialty Processes theme: TI buys and uses process equipment rather than supplying it.
Opportunity
Moderate opportunity
U.S.-based expansion of mature-node, high-volume analog and embedded-chip wafer capacity to improve supply resilience for industrial, automotive, communications and other foundational electronics markets.
Key risk
Cyclical demand fluctuations.

Narrative & Theme

Semiconductor Supply Chain Localization
Part of Domestic Foundational Analog and Embedded Semiconductor Capacity, with moderate fit.
TXN genuinely fits Semiconductor Supply Chain Localization, but not the currently listed Domestic Fab Equipment and Specialty Processes theme: TI buys and uses process equipment rather than supplying it.
Narrative HeatHot8.7 / 10
Theme HeatHeating up8.0 / 10

Business & Markets

Technology · Semiconductors
What they do

Texas Instruments designs, manufactures, and sells semiconductors, operating primarily through its Analog and Embedded Processing segments to serve electronics designers and manufacturers globally.

How it earns

The company generates revenue primarily through transactional sales of semiconductor products.

Products & services
Analog semiconductors
Embedded processing semiconductors
Customers & end markets
Electronics designers
Electronics manufacturers
Market position

Leader in analog semiconductor markets with a strong global presence.

Demand drivers
Medium cyclicality

Semiconductor demand is influenced by broader electronics market cycles and end-market demand fluctuations.