Texas Instruments reported trailing twelve-month revenue of $18.44 billion as of 31 March 2026, representing year-over-year growth of 18.6%. Net income over the same period reached $5.37 billion, with earnings per share growing 31.25% year-over-year [SEC 10-Q - TXN - 2026-03-31]. Gross margin stood at 57.3%, operating margin at 35.3%, and net margin at 29.1%, reflecting the company's semiconductor product mix across analog and embedded processing segments. The price-to-earnings ratio was recorded at 52.88 at the time of the filing.
Texas Instruments held $3.55 billion in cash as of 31 March 2026, against total debt of $15.64 billion, yielding a net debt position [SEC 10-Q - TXN - 2026-03-31]. The elevated debt load is consistent with the company's multi-year capital expenditure programme directed at expanding domestic wafer fabrication capacity. Revenue and earnings growth rates over the trailing twelve months reflect a recovery phase following prior-period inventory corrections across the broader semiconductor supply chain.
Insider activity over the past 30 days comprised 61 transactions with a net selling direction, totalling a net disposal value of approximately $85.67 million [SEC Form 4 - TXN - 2026-05]. This volume of insider disposals represents a notable concentration of activity within a single calendar month and was the primary trigger for this report. No significant institutional 13F filing data was provided for this reporting cycle.
The prevailing macro environment features a 10-year US Treasury yield of 4.57% and a 2-year yield of 4.08%, producing a positively sloped yield curve of approximately 49 basis points [FRED DGS10] [FRED DGS2]. A normal yield curve configuration of this magnitude reflects the current interest rate environment in which capital-intensive manufacturers, including semiconductor firms carrying substantial long-term debt, operate.