Texas Instruments — Jul 22, 2025 release

Free cash flow for the same period was $1.8 billion. • "Over the past 12 months we invested $3.9 billion in R&D and SG&A, invested $4.9 billion in capital expenditures and returned $6.7 billion to owners. • "TI's third quarter outlook is for revenue in the range of $4.45 billion to $4.80 billion and earnings per share between $1.36 and $1.60, which does not include changes related to recently enacted U.S. tax legislation."              1      Free cash flow, a non-GAAP financial measure, is cash flow from operations less capital expenditures, plus proceeds from U.S. CHIPS and Science Act (CHIPS Act) incentives. Earnings summary (In millions, except per-share amounts) Q2 2025 Q2 2024 Change Revenue $ 4,448  $ 3,822  16  % Operating profit $ 1,563  $ 1,248  25  % Net income $ 1,295  $ 1,127  15  % Earnings per share $ 1.41  $ 1.22  16  % Cash generation   Trailing 12 Months (In millions) Q2 2025 Q2 2025 Q2 2024 Change Cash flow from operations $ 1,860  $ 6,439  $ 6,449  0  % Free cash flow $ 555  $ 1,763  $ 1,494  18  % Free cash flow % of revenue   10.6  % 9.3  %   Cash return   Trailing 12 Months (In millions) Q2 2025 Q2 2025 Q2 2024 Change Dividends paid $ 1,235  $ 4,900  $ 4,675  5  % Stock repurchases $ 302  $ 1,810  $ 185  878  % Total cash returned $ 1,537  $ 6,710  $ 4,860  38  %              2      TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES Consolidated Statements of Income For Three Months Ended June 30, (In millions, except per-share amounts) 2025 2024 Reven