Texas Instruments — Apr 22, 2026 release

• "Over the past 12 months we invested $3.9 billion in R&D and SG&A, invested $4.1 billion in capital expenditures and returned $6.0 billion to owners. • "TI's second quarter outlook is for revenue in the range of $5.00 billion to $5.40 billion and earnings per share between $1.77 and $2.05." 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) Q1 2026 Q1 2025 Change Revenue $ 4,825  $ 4,069  19  % Operating profit $ 1,808  $ 1,324  37  % Net income $ 1,545  $ 1,179  31  % Earnings per share $ 1.68  $ 1.28  31  % Cash generation   Trailing 12 Months (In millions) Q1 2026 Q1 2026 Q1 2025 Change Cash flow from operations $ 1,520  $ 7,824  $ 6,150  27  % Free cash flow $ 1,399  $ 4,351  $ 1,715  154  % Free cash flow % of revenue   23.6  % 10.7  %   Cash return   Trailing 12 Months (In millions) Q1 2026 Q1 2026 Q1 2025 Change Dividends paid $ 1,291  $ 5,052  $ 4,850  4  % Stock repurchases $ 158  $ 982  $ 1,579  (38) % Total cash returned $ 1,449  $ 6,034  $ 6,429  (6) % 2      TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES Consolidated Statements of Income For Three Months Ended March 31, (In millions, except per-share amounts) 2026 2025 Revenue $ 4,825   $ 4,069  Cost of revenue (COR) 2,026   1,756  Gross profit 2,799   2,313  Research and development (R&D) 510   517  Selling, general an