Stock Analysis on Net

Texas Instruments Inc. (NASDAQ:TXN)

$24.99

Income Statement
Quarterly Data

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Texas Instruments Inc., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Revenue
Cost of revenue (COR)
Gross profit
Research and development (R&D)
Selling, general and administrative (SG&A)
Acquisition charges
Restructuring charges/other
Operating profit
Other income (expense), net (OI&E)
Interest and debt expense
Income before income taxes
Provision for income taxes
Net income

Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


Revenue Trend
Revenue exhibited a general upward trajectory from March 31, 2020, reaching a peak around June and September 2022. After this period, a decline is observable through December 31, 2023, followed by some recovery and stabilization towards June 30, 2025.
Cost of Revenue (COR)
Cost of revenue showed fluctuations but generally followed a rising trend until the third quarter of 2023. Thereafter, costs slightly decreased but spiked again in the latest period ending June 30, 2025, indicating potential pressures on margin control.
Gross Profit
Gross profit correlated closely with revenue trends, increasing steadily until mid-2022. Subsequently, there was a decline aligning with the drop in revenue and a rise in cost of revenue. The latest quarters show some improvement, likely reflecting cost management efforts or revenue stabilization.
Research and Development (R&D) Expense
R&D expenses remained relatively consistent with a gradual upward trend over the entire period. This steady increase suggests ongoing investment in innovation and development despite fluctuations in revenue.
Selling, General and Administrative (SG&A) Expense
SG&A expenses demonstrated minor fluctuations with an overall slightly increasing trend. Despite occasional declines, the costs rose notably around 2023, indicating expanded administrative or selling activities during that phase.
Acquisition Charges
Acquisition charges were recorded consistently in early periods but ceased to appear from late 2020 onwards, suggesting a reduction or completion of acquisition-related activities.
Restructuring Charges and Other
Restructuring charges appeared sporadically, with significant charges in late 2021 and early 2022, indicating organizational restructuring or operational modifications. A notable positive adjustment occurred in mid-2024, which may reflect non-recurring gains or reversals.
Operating Profit
Operating profit trend favored growth until mid-2022, reaching its highest points in this timeframe. Following this peak, there was a decline consistent with falling revenues and rising costs, though the latest figures indicated a slight recovery.
Other Income (Expense), Net
Other income and expense items fluctuated significantly but generally exhibited positive values, often providing supplementary income that could have offset part of the operational cost impacts.
Interest and Debt Expense
Interest and debt expenses showed a gradual increase across the periods, with a sharper rise starting in late 2022 and continuing through 2025. This trend indicates higher borrowing costs or increased debt levels affecting financial expenses.
Income Before Income Taxes
Income before income taxes mirrored the operating profit trend with growth up to mid-2022 followed by declines, reflecting the combined impact of operational results and other income/expenses along with rising interest costs.
Provision for Income Taxes
The provision for income taxes exhibited considerable volatility with occasional negative and positive values, implying varying tax strategies, credits, or adjustments impacting net profitability differently over quarters.
Net Income
Net income increased steadily from early 2020 through mid-2022, peaking around that time. Thereafter, it declined sharply through 2023 and into early 2024, before showing some stabilization and modest improvement towards mid-2025, consistent with the trends in operating performance and tax provisions.