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Texas Instruments (TXN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Texas Instruments (TXN) reported revenue of $4.4B for the second quarter 2025 (Q2 2025), +16% from a year earlier and +9% from the quarter before. Operating margin was 35.1%, net earnings $1.3B (29.1% of revenue).
Texas Instruments, Q2 2025: revenue $4.4B (+16% year over year), operating margin 35.1%, net earnings $1.3B, operating cash flow $1.9B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.4B | +9% | +16% |
| Gross profit | $2.6B | +11% | +16% |
| Operating profit | $1.6B | +18% | +25% |
| Net earnings | $1.3B | +10% | +15% |
| Operating cash flow | $1.9B | +119% | +18% |
| Free cash flow | $555M | — | +9% |
What changed
Revenue was $4.4B in Q2 2025, up 16% year over year and up 9% from the previous quarter. Analog was the largest line at 78% of revenue. Analog added $0.52B year over year (up 18%), 84% of the total change.
Gross margin was 57.9%, unchanged from a year earlier. Operating profit was $1.6B, a 35.1% margin (up 2.5 points year over year). Of the extra revenue versus a year earlier, 50% reached operating profit, above the 33% margin then. Operating expenses grew 5% against revenue growth of 16%. Net earnings were $1.3B, up 15% year over year. The effective tax rate was 12.4%.
Operating cash flow was $1.9B (up 18% year over year), 144% of net earnings. Non-cash charges added back $0.46B of depreciation and $0.13B of share-based compensation. Capital expenditures of $1.3B left free cash flow of $0.56B.
Questions
What was Texas Instruments' revenue in the second quarter 2025?
Texas Instruments (TXN) reported revenue of $4.4B for the second quarter 2025 (Q2 2025), +16% from a year earlier and +9% from the quarter before.
Was Texas Instruments profitable in the second quarter 2025?
Operating profit was $1.6B (35.1% of revenue) and net earnings $1.3B.
Source: Texas Instruments 10-Q on SEC EDGAR.