Texas Instruments — Jan 27, 2026 release

• "Over the past 12 months we invested $3.9 billion in R&D and SG&A, invested $4.6 billion in capital expenditures and returned $6.5 billion to owners. • "TI's first quarter outlook is for revenue in the range of $4.32 billion to $4.68 billion and earnings per share between $1.22 and $1.48."                    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) Q4 2025 Q4 2024 Change Revenue $ 4,423  $ 4,007  10  % Operating profit $ 1,473  $ 1,377  7  % Net income $ 1,163  $ 1,205  (3) % Earnings per share $ 1.27  $ 1.30  (2) % Cash generation   Trailing 12 Months (In millions) Q4 2025 Q4 2025 Q4 2024 Change Cash flow from operations $ 2,254  $ 7,153  $ 6,318  13  % Free cash flow $ 1,329  $ 2,938  $ 1,498  96  % Free cash flow % of revenue   16.6  % 9.6  %   Cash return   Trailing 12 Months (In millions) Q4 2025 Q4 2025 Q4 2024 Change Dividends paid $ 1,290  $ 4,999  $ 4,795  4  % Stock repurchases $ 403  $ 1,477  $ 929  59  % Total cash returned $ 1,693  $ 6,476  $ 5,724  13  %                    2 TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES Consolidated Statements of Income For Three Months Ended December 31, For Years Ended December 31, (In millions, except per-share amounts) 2025 2024 2025 2024 Revenue $ 4,423   $ 4,007  $ 17,682   $ 15,641  Cost of revenue (COR) 1,951   1,693  7,