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Texas Instruments vs Analog Devices: TXN and ADI compared
Texas Instruments is the larger company: $6.1B of revenue in its latest quarter (Q3 2026) against $4.0B for Analog Devices (Q3 FY26). Analog Devices is growing faster (+40% against +28% a year earlier). Texas Instruments is more profitable, with an operating margin of 47.5% against 40.1%.
Where the money goes: TXN and ADI
Texas Instruments (TXN) · Q3 2026
Texas Instruments, Q3 2026: revenue $6.1B (+28% year over year), operating margin 47.5%, net earnings $2.4B, operating cash flow $3.4B. The chart follows the revenue to costs, profit and cash.
Analog Devices (ADI) · Q3 FY26
Analog Devices, Q3 FY26: revenue $4.0B (+40% year over year), operating margin 40.1%, net earnings $1.3B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| Texas Instruments (TXN) | Analog Devices (ADI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $6.1B | $4.0B |
| Revenue growth, Y/Y | +28% | +40% |
| Gross margin | 64.2% | 67.3% |
| Operating margin | 47.5% | 40.1% |
| Net earnings | $2.4B | $1.3B |
| Net margin | 40.0% | 33.3% |
| Operating cash flow | $3.4B | $1.6B |
| Free cash flow | $3.0B | $1.5B |
| Market value | $256.2B | $176.5B |
| P/E | 36.0× | 42.7× |
| Analysts’ mean target | $336.86 | $472.44 |
Where the revenue comes from
Texas Instruments
- Analog: $4.9B (81%)
- Embedded Processing: $858M (14%)
- Other: $286M (5%)
Questions
Which is bigger, Texas Instruments or Analog Devices?
Texas Instruments is the larger company: $6.1B of revenue in its latest quarter (Q3 2026) against $4.0B for Analog Devices (Q3 FY26).
Is Texas Instruments or Analog Devices growing faster?
Analog Devices is growing faster (+40% against +28% a year earlier).
Which is more profitable, Texas Instruments or Analog Devices?
Texas Instruments is more profitable, with an operating margin of 47.5% against 40.1%.
More: Texas Instruments earnings · how Texas Instruments makes money · Analog Devices earnings · how Analog Devices makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 23, 2026; 10-Q filed Aug 19, 2026). Fiscal quarters can end on different dates. Not investment advice.