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Texas Instruments (TXN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 23, 2025
Texas Instruments (TXN) reported revenue of $4.7B for the third quarter 2025 (Q3 2025), +14% from a year earlier and +7% from the quarter before. Operating margin was 35.1%, net earnings $1.4B (28.8% of revenue).
Texas Instruments, Q3 2025: revenue $4.7B (+14% year over year), operating margin 35.1%, net earnings $1.4B, operating cash flow $2.2B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7B | +7% | +14% |
| Gross profit | $2.7B | +6% | +10% |
| Operating profit | $1.7B | +6% | +7% |
| Net earnings | $1.4B | +5% | +0.1% |
| Operating cash flow | $2.2B | +18% | +26% |
| Free cash flow | $993M | +79% | +139% |
What changed
Revenue was $4.7B in Q3 2025, up 14% year over year and up 7% from the previous quarter. Analog was the largest line at 79% of revenue. Analog added $0.51B year over year (up 16%), 86% of the total change.
Gross margin was 57.4%, down 2.2 points from a year earlier. Operating profit was $1.7B, a 35.1% margin (down 2.4 points year over year). Of the extra revenue versus a year earlier, 18% reached operating profit, below the 37% margin then. Operating expenses grew 15% against revenue growth of 14%. Net earnings were $1.4B, roughly flat year over year. The effective tax rate was 13.9%.
Operating cash flow was $2.2B (up 26% year over year), 161% of net earnings. Non-cash charges added back $0.52B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items added $0.22B. Capital expenditures of $1.2B left free cash flow of $1.0B.
Questions
What was Texas Instruments' revenue in the third quarter 2025?
Texas Instruments (TXN) reported revenue of $4.7B for the third quarter 2025 (Q3 2025), +14% from a year earlier and +7% from the quarter before.
Was Texas Instruments profitable in the third quarter 2025?
Operating profit was $1.7B (35.1% of revenue) and net earnings $1.4B.
Source: Texas Instruments 10-Q on SEC EDGAR.