TI(US:TXN)2026-01-27 21:05Financial Performance - Q4 2025 revenue was $4.42 billion, a 10% increase year-over-year, but a 7% decrease sequentially [2]. - Net income for Q4 2025 was $1.16 billion, down 3% from $1.20 billion in Q4 2024, with earnings per share at $1.27, a 2% decrease [4]. - Gross profit for Q4 2025 was $2.47 billion, up 7% from $2.31 billion in Q4 2024 [8]. - Operating profit for Q4 2025 was $1.47 billion, a 7% increase from $1.38 billion in Q4 2024 [4]. - Net income for Q4 2025 was $1,163 million, a decrease of 3.5% from $1,205 million in Q4 2024 [14]. Cash Flow and Investments - Cash flow from operations for the trailing 12 months was $7.2 billion, with free cash flow at $2.9 billion, representing a 96% increase year-over-year [2][5]. - Total cash returned to shareholders in the trailing 12 months was $6.5 billion, including $4.99 billion in dividends and $1.48 billion in stock repurchases [2][6]. - Cash flows from operating activities for the year ended December 31, 2025, increased to $7,153 million, up 13% from $6,318 million in 2024 [19]. - Free cash flow for the year ended December 31, 2025, was $2,938 million, representing a 96% increase from $1,498 million in 2024 [19]. - TI invested $3.9 billion in R&D and SG&A, and $4.6 billion in capital expenditures over the past 12 months [2]. Revenue Outlook and Segment Performance - The first quarter 2026 revenue outlook is projected to be between $4.32 billion and $4.68 billion, with earnings per share guidance of $1.22 to $1.48 [2]. - Revenue for the Analog segment in 2025 was $14,006 million, a 15% increase from $12,161 million in 2024 [16]. - Operating profit for the Analog segment rose to $5,412 million, up 17% from $4,608 million in 2024 [16]. - Revenue for the Embedded Processing segment increased to $2,697 million, a 6% rise from $2,533 million in 2024 [16]. - Operating profit for the Embedded Processing segment decreased to $304 million, down 14% from $352 million in 2024 [16]. Assets and Capital Expenditures - TI's total assets decreased to $34.59 billion in 2025 from $35.51 billion in 2024 [12]. - Capital expenditures for the year ended December 31, 2025, were $4,550 million, down from $4,820 million in 2024 [19]. - Cash and cash equivalents at the end of Q4 2025 were $3,225 million, compared to $3,200 million at the end of Q4 2024 [14]. Government Support - Total cash benefit related to the CHIPS Act for the year ended December 31, 2025, was $670 million, compared to $588 million in 2024 [19].