Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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Texas Instruments Inc. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
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Texas Instruments Inc., consolidated income statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-09-30), 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 Trends
- Revenue exhibited a generally upward trajectory from early 2020 through mid-2022, reaching a peak in June 2022. Following that peak, a notable decline occurred through late 2023 and early 2024, with some recovery seen in the last reported quarters of 2024 and the first quarter of 2025. The fluctuations suggest sensitivity to market or operational dynamics impacting sales volume or pricing.
- Cost of Revenue and Gross Profit Analysis
- The cost of revenue rose steadily alongside revenue initially, peaking around late 2022 and early 2023 before showing variability. Gross profit followed a similar pattern, increasing consistently from 2020 until mid-2022, then declining sharply notably in the last quarters of 2022 and through 2023, before beginning to improve again towards the end of the reporting period. This indicates variations in cost control or changes in product mix affecting profitability margins during those periods.
- Research & Development (R&D) and Selling, General & Administrative Expenses (SG&A)
- R&D expenses showed a gradually increasing trend over the entire period, reflecting ongoing or expanding investment in innovation and product development. SG&A costs remained relatively stable with minor fluctuations but generally exhibited a moderate upward trend, suggesting incremental increases in operating expenditures related to sales and administration.
- Special Charges and Restructuring
- Acquisition charges were consistent in the earlier periods but ceased to appear after mid-2021. Restructuring charges appeared sporadically with significant charges in late 2020 and late 2021, and an unusual positive adjustment was recorded in early 2024. These items reflect episodic costs and adjustments affecting operating results unevenly across periods.
- Operating Profit
- Operating profit increased steadily from 2020 through mid-2022, mirroring revenue and gross profit trends. However, from late 2022 onward, operating profit dropped significantly, reaching a low in early to mid-2024 before showing improvement again by late 2024. The pattern highlights challenges to operational efficiency and profitability during this period.
- Other Income (Expense), Net
- Other income displayed variability, with notable spikes in late 2020 and various increases through 2023, contributing positively to overall income. This suggests that non-operational factors or gains played a role in offsetting some adverse operating trends.
- Interest and Debt Expense
- Interest and debt expenses increased steadily over the entire timeframe, indicating either rising debt levels or higher borrowing costs, which would negatively impact net profitability.
- Income Before Income Taxes and Provision for Income Taxes
- Income before income taxes followed the operating profit trend closely, peaking mid-2022, then trending downward with partial recovery by the end of the period. Provision for income taxes was volatile, with some periods of negative provision suggesting tax benefits or adjustments. The variability complicates a direct assessment of effective tax rates but indicates fluctuating tax strategies or results.
- Net Income
- Net income peaked in mid-2022 and then declined along with operating income and revenue, reaching its lowest in mid-2024. A recovery trend is noticeable toward the end of the dataset, consistent with overall improving financial performance indicators. The net income pattern underscores the impact of revenue fluctuations, cost control, and income tax variability on bottom-line results.