/

Company exports

Pro company pages include CSV downloads for statements, ratios, chart data, and transcript indexes.

CSV downloads

Robotics·TXN

Texas Instruments Incorporated

NASDAQ · US

Analog and embedded processing semiconductor supplier.

AI relevance

Motor-control, signal-chain, and real-time embedded processing exposure for robotics.

Robotics Motion

Price

$279.50

Change

-5.15 (-1.81%)

Market cap

$255.3B

52w range

$153–$334

Exchange

NASDAQ

Country

Jason's Chips

Subscribe or sign in with your Substack email for charts, exports, estimates, transcripts, filings, earnings, and news.

Subscribe to Jason's Chips Sign in

Price chart

TXN market performance

Daily close for Texas Instruments Incorporated

Latest close: $279.5
Range move: +$108.8 (+63.7%)
Range high: $332.3
Range low: $153.3
Latest volume: 13.9M
Source: FMP EOD

Downloads

Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1254 rows

Five years of daily close and volume data powering the company chart.

Download

Transcript list

84 rows

Available earnings-call transcript dates by fiscal year and quarter.

Download

StreetBuy

Analyst expectations

Consensus target

$332.67

+19.0%

Target range

$250.00 - $405.00

Rating mix

Buy

66 ratings

Next FY revenue

$22.17B

2026-12-31

Next FY EPS

$8.81

$8.17 - $9.34

Rating consensus66 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$22.17B	$21.66B - $22.73B	$8.81	$8.17 - $9.34	$12.03B	$9.43B	$7.85B	$2.22B	24 rev / 21 EPS
2027-12-31	$25.82B	$23.78B - $28.42B	$11.10	$10.10 - $13.18	$14.33B	$11.08B	$9.29B	$2.58B	24 rev / 21 EPS
2028-12-31	$28.63B	$24.87B - $35.97B	$12.98	$10.71 - $18.85	$16.88B	$12.99B	$10.96B	$2.86B	22 rev / 18 EPS
2029-12-31	$32.35B	$30.18B - $36.15B	$15.41	$14.07 - $17.77	$21.12B	$16.54B	$14.07B	$3.23B	14 rev / 9 EPS
2030-12-31	$36.48B	$34.04B - $40.77B	$21.10	$19.26 - $24.32	$27.78B	$22.48B	$19.26B	$3.65B	11 rev / 8 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-30	$5.90B	$5.39B - $6.41B	$2.49	$2.03 - $2.78	$3.40B	$2.76B	$2.29B	$589.8M	16 rev / 14 EPS
2027-03-30	$5.97B	$5.56B - $6.57B	$2.50	$2.24 - $2.94	$3.45B	$2.77B	$2.31B	$597.3M	23 rev / 20 EPS
2027-06-30	$6.40B	$5.86B - $6.91B	$2.75	$2.45 - $3.04	$3.75B	$3.03B	$2.53B	$640.2M	16 rev / 9 EPS
2027-09-30	$6.84B	$6.26B - $7.38B	$3.03	$2.70 - $3.35	$4.09B	$3.33B	$2.79B	$683.5M	17 rev / 9 EPS
2027-12-30	$6.56B	$6.01B - $7.08B	$2.84	$2.53 - $3.14	$3.93B	$3.13B	$2.62B	$655.9M	18 rev / 9 EPS
2028-03-30	$6.78B	$6.21B - $7.32B	$3.01	$2.68 - $3.32	$4.14B	$3.31B	$2.77B	$678.1M	10 rev / 10 EPS
2028-06-30	$7.22B	$6.61B - $7.80B	$3.31	$2.95 - $3.65	$4.49B	$3.62B	$3.05B	$721.9M	10 rev / 10 EPS
2028-09-30	$7.68B	$7.03B - $8.29B	$3.64	$3.24 - $4.01	$4.88B	$3.97B	$3.35B	$768.0M	11 rev / 10 EPS

Price target history

Window	Targets	Average target
Last month	8	$309.13
Last quarter	19	$318.84
Last year	60	$277.12
All time	147	$226.50

Sources: StreetInsider, Benzinga, Pulse 2.0, Barrons

Latest grade actions

Date	Firm	Action	Previous	New
2026-10-22	Morgan Stanley	Maintain	Underweight	Underweight
2026-10-22	UBS	Maintain	Buy	Buy
2026-10-22	Freedom Broker	Upgrade	Hold	Buy
2026-10-22	JP Morgan	Maintain	Overweight	Overweight
2026-10-22	Rosenblatt	Maintain	Buy	Buy
2026-10-22	Mizuho	Maintain	Neutral	Neutral
2026-10-22	Stifel	Maintain	Buy	Buy
2026-10-22	Jefferies	Maintain	Hold	Hold

Historical rating snapshots

Date	Strong buy	Buy	Hold	Sell	Strong sell
2026-10-01	3	17	15	2	0
2026-09-01	3	17	14	2	0
2026-08-01	3	17	16	2	0
2026-07-01	2	16	17	2	0
2026-06-01	2	15	18	2	0
2026-05-01	2	15	19	2	0
2026-04-01	2	14	19	4	1
2026-03-01	2	12	18	4	1

FinancialsFY 2025

Financials

Revenue

$17.68B

Gross margin

57.0%

Operating income

$6.02B

Free cash flow

$2.60B

Cash + ST investments

$4.88B

Net debt

$12.17B

ROE

30.7%

ROIC

16.5%

EV / sales

9.6x

EV / EBITDA

20.6x

R&D / revenue

11.8%

Current ratio

4.4x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$17.68B	$10.08B	57.0%	$2.08B	$6.02B	$8.25B	$5.00B	$5.45
FY 2024	$15.64B	$9.09B	58.1%	$1.96B	$5.46B	$7.54B	$4.80B	$5.24
FY 2023	$17.52B	$11.02B	62.9%	$1.86B	$7.33B	$9.01B	$6.51B	$7.13
FY 2022	$20.03B	$13.77B	68.8%	$1.67B	$10.14B	$11.22B	$8.75B	$9.51
FY 2021	$18.34B	$12.38B	67.5%	$1.55B	$8.96B	$10.06B	$7.77B	$8.38
FY 2020	$14.46B	$9.27B	64.1%	$1.53B	$5.89B	$7.20B	$5.59B	$6.05
FY 2019	$14.38B	$9.16B	63.7%	$1.54B	$5.72B	$6.95B	$5.02B	$5.33
FY 2018	$15.78B	$10.28B	65.1%	$1.56B	$6.71B	$7.76B	$5.58B	$5.71
FY 2017	$14.96B	$9.61B	64.3%	$1.51B	$6.08B	$7.06B	$3.68B	$3.68
FY 2016	$13.37B	$8.24B	61.6%	$1.36B	$4.86B	$5.96B	$3.60B	$3.54
FY 2015	$13.00B	$7.56B	58.2%	$1.27B	$4.27B	$5.44B	$2.99B	$2.86
FY 2014	$13.04B	$7.43B	56.9%	$1.36B	$3.95B	$5.20B	$2.82B	$2.61

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$7.15B	$4.55B	$2.60B
FY 2024	$6.32B	$4.82B	$1.50B
FY 2023	$6.42B	$5.07B	$1.35B
FY 2022	$8.72B	$2.80B	$5.92B
FY 2021	$8.76B	$2.46B	$6.29B
FY 2020	$6.14B	$649.0M	$5.49B
FY 2019	$6.65B	$847.0M	$5.80B
FY 2018	$7.19B	$1.13B	$6.06B
FY 2017	$5.36B	$695.0M	$4.67B
FY 2016	$4.61B	$531.0M	$4.08B
FY 2015	$4.27B	$551.0M	$3.72B
FY 2014	$3.89B	$385.0M	$3.51B

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$4.88B	$1.96B	$4.80B	$12.32B	$34.59B	$15.39B	$12.17B	$18.31B	$16.27B
FY 2024	$7.58B	$1.72B	$4.53B	$11.35B	$35.51B	$15.04B	$11.84B	$18.61B	$16.90B
FY 2023	$8.57B	$1.79B	$4.00B	$10.00B	$32.35B	$12.27B	$9.30B	$15.45B	$16.90B
FY 2022	$9.07B	$1.90B	$2.76B	$6.88B	$27.21B	$9.50B	$6.45B	$12.63B	$14.58B
FY 2021	$9.74B	$1.70B	$1.91B	$5.14B	$24.68B	$8.21B	$3.58B	$11.34B	$13.33B
FY 2020	$6.57B	$1.41B	$1.96B	$3.27B	$19.35B	$7.12B	$4.01B	$10.16B	$9.19B
FY 2019	$5.39B	$1.07B	$2.00B	$3.30B	$18.02B	$6.13B	$3.37B	$9.11B	$8.91B
FY 2018	$4.23B	$1.21B	$2.22B	$3.18B	$17.14B	$5.07B	$2.63B	$8.14B	$8.99B
FY 2017	$4.47B	$1.28B	$1.96B	$2.66B	$17.64B	$4.08B	$2.42B	$7.30B	$10.34B
FY 2016	$3.49B	$1.27B	$1.79B	$2.51B	$16.43B	$3.61B	$2.46B	$5.96B	$10.47B
FY 2015	$3.22B	$1.17B	$1.69B	$2.60B	$16.23B	$4.12B	$3.12B	$6.28B	$9.95B
FY 2014	$3.54B	$1.25B	$1.78B	$2.84B	$17.72B	$4.64B	$3.44B	$7.33B	$10.39B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	57.0%	34.1%	28.3%	4.4x	2.8x	30.7%	16.5%	9.6x	20.6x	1.7%	11.8%	235d
FY 2024	58.1%	34.9%	30.7%	4.1x	2.9x	28.4%	14.7%	11.7x	24.2x	0.9%	12.5%	247d
FY 2023	62.9%	41.8%	37.2%	4.6x	3.4x	38.5%	21.7%	9.4x	18.2x	0.9%	10.6%	217d
FY 2022	68.8%	50.6%	43.7%	4.7x	3.8x	60.0%	35.7%	7.9x	14.1x	3.9%	8.3%	146d
FY 2021	67.5%	48.8%	42.4%	5.3x	4.6x	58.3%	34.4%	9.7x	17.7x	3.6%	8.5%	116d
FY 2020	64.1%	40.8%	38.7%	4.3x	3.5x	60.9%	31.2%	10.7x	21.6x	3.6%	10.6%	144d
FY 2019	63.7%	39.8%	34.9%	4.1x	3.2x	56.3%	30.4%	8.6x	17.8x	4.8%	10.7%	140d
FY 2018	65.1%	42.5%	35.4%	3.3x	2.4x	62.0%	36.4%	6.0x	12.1x	6.6%	9.9%	143d
FY 2017	64.3%	40.7%	24.6%	3.9x	3.0x	35.6%	23.2%	7.1x	15.0x	4.5%	10.1%	133d
FY 2016	61.6%	36.3%	26.9%	3.3x	2.5x	34.3%	23.9%	5.6x	12.6x	5.6%	10.1%	134d
FY 2015	58.2%	32.9%	23.0%	2.8x	2.1x	30.0%	20.6%	4.5x	10.8x	6.7%	9.7%	120d
FY 2014	56.9%	30.3%	21.6%	2.9x	2.2x	27.2%	17.9%	4.6x	11.4x	6.3%	10.4%	122d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+13.0%	+10.9%	+6.3%	+10.2%	+4.2%	+4.0%	+73.8%	+5.6%	-35.6%	+6.1%	-2.6%	+2.3%
FY 2024	-10.7%	-17.5%	+5.2%	-25.5%	-26.3%	-26.5%	+11.0%	+4.9%	-11.6%	+13.2%	+9.8%	+22.6%
FY 2023	-12.5%	-20.0%	+11.6%	-27.7%	-25.6%	-25.0%	-77.2%	-81.3%	-5.4%	+45.0%	+18.9%	+29.2%
FY 2022	+9.2%	+11.3%	+7.5%	+13.2%	+12.6%	+13.5%	-5.9%	-13.6%	-6.9%	+44.3%	+10.3%	+15.7%
FY 2021	+26.9%	+33.5%	+1.6%	+52.0%	+38.9%	+38.5%	+14.6%	-279.4%	+48.3%	-2.3%	+27.5%	+15.3%
FY 2020	+0.5%	+1.1%	-0.9%	+3.0%	+11.5%	+13.5%	-5.4%	+23.4%	+21.9%	-2.3%	+7.4%	+16.0%
FY 2019	-8.9%	-10.8%	-1.0%	-14.7%	-10.1%	-6.7%	-4.2%	+25.1%	+27.3%	-9.7%	+5.1%	+21.1%
FY 2018	+5.5%	+6.9%	+3.4%	+10.4%	+51.5%	+55.2%	+29.8%	-62.7%	-5.3%	+13.3%	-2.9%	+24.3%
FY 2017	+11.9%	+16.7%	+11.2%	+25.3%	+2.4%	+4.0%	+14.3%	-30.9%	+28.1%	+9.3%	+7.4%	+13.0%
FY 2016	+2.8%	+9.0%	+7.0%	+13.6%	+20.4%	+23.8%	+9.8%	+3.6%	+8.5%	+5.9%	+1.2%	-12.4%
FY 2015	-0.3%	+1.8%	-6.7%	+8.3%	+5.8%	+9.6%	+6.0%	-43.1%	-9.1%	-5.2%	-8.4%	-11.2%
FY 2014	+6.9%	+16.7%	-10.8%	+39.4%	+32.8%	+34.5%	+18.0%	+6.6%	-7.5%	+3.1%	-6.4%	-10.0%

SegmentsFY 2025

Revenue Mix

Period	Total	Analog	Embedded Processing	All Other Segments
FY 2025	$17.68B	$14.01B	$2.70B	$979.0M
FY 2024	$14.69B	$12.16B	$2.53B	--
FY 2023	$17.52B	$13.04B	$3.37B	$1.11B
FY 2022	$20.03B	$15.36B	$3.26B	$1.41B
FY 2021	$18.34B	$14.05B	$3.05B	$1.25B
FY 2020	$14.46B	$10.89B	$2.57B	$1.00B
FY 2019	$14.38B	$10.22B	$2.94B	$1.22B
FY 2018	$15.78B	$10.80B	$3.55B	$1.43B
FY 2017	$14.96B	$9.90B	$3.50B	$1.56B
FY 2016	$13.37B	$8.54B	$3.02B	$1.81B
FY 2015	$13.00B	$8.34B	$2.79B	$1.87B
FY 2014	$13.04B	$8.10B	$2.74B	$2.20B

Period	Total	Asia	UNITED STATES	EMEA	CHINA	JAPAN	Rest of Asia	Rest Of World	Europe
FY 2025	$17.68B	--	$6.76B	$3.75B	$3.78B	$1.17B	$1.89B	$331.0M	--
FY 2024	$15.64B	--	$5.96B	$3.52B	$3.01B	$1.21B	$1.68B	$260.0M	--
FY 2023	$17.52B	--	$5.81B	$4.64B	$3.29B	$1.78B	$1.72B	$267.0M	--
FY 2022	$20.03B	--	$6.61B	$4.81B	$4.81B	$1.60B	$2.00B	$200.0M	--
FY 2021	$18.34B	$12.19B	$1.91B	$2.80B	--	$959.0M	--	$492.0M	--
FY 2020	$14.46B	$9.54B	$1.55B	$2.25B	--	$734.0M	--	$390.0M	--
FY 2019	$14.38B	$8.65B	$1.83B	$2.71B	--	$796.0M	--	$403.0M	--
FY 2018	$15.78B	$9.24B	$2.29B	$3.05B	--	$869.0M	--	$340.0M	--
FY 2017	$14.96B	$8.82B	$1.90B	$2.91B	--	$1.05B	--	$280.0M	--
FY 2016	$13.37B	$8.02B	$1.68B	$2.39B	--	$1.04B	--	$231.0M	--
FY 2015	$12.81B	$7.91B	$1.61B	$2.16B	--	$1.13B	--	--	--
FY 2014	$18.57B	$7.92B	$1.63B	--	$5.70B	$1.03B	--	--	$2.29B

Transcripts

Events

Next earnings

2027-01-26EPS est $2.49

Recent filings

8-K2026-10-21
42026-09-21
42026-09-21

Latest news

Texas Instruments: 3 Key Takeaways for Long-Term Investors
The Motley Fool · 2026-10-22
Is Texas Instruments Setting Up for Its Next Big Breakout?
MarketBeat · 2026-10-22

Analyst expectations

Consensus target

$332.67

+19.0%

Target range

$250.00 - $405.00

Rating mix

Buy

66 ratings

Next FY revenue

$22.17B

2026-12-31

Next FY EPS

$8.81

$8.17 - $9.34

Rating consensus66 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$22.17B	$21.66B - $22.73B	$8.81	$8.17 - $9.34	$12.03B	$9.43B	$7.85B	$2.22B	24 rev / 21 EPS
2027-12-31	$25.82B	$23.78B - $28.42B	$11.10	$10.10 - $13.18	$14.33B	$11.08B	$9.29B	$2.58B	24 rev / 21 EPS
2028-12-31	$28.63B	$24.87B - $35.97B	$12.98	$10.71 - $18.85	$16.88B	$12.99B	$10.96B	$2.86B	22 rev / 18 EPS
2029-12-31	$32.35B	$30.18B - $36.15B	$15.41	$14.07 - $17.77	$21.12B	$16.54B	$14.07B	$3.23B	14 rev / 9 EPS
2030-12-31	$36.48B	$34.04B - $40.77B	$21.10	$19.26 - $24.32	$27.78B	$22.48B	$19.26B	$3.65B	11 rev / 8 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-30	$5.90B	$5.39B - $6.41B	$2.49	$2.03 - $2.78	$3.40B	$2.76B	$2.29B	$589.8M	16 rev / 14 EPS
2027-03-30	$5.97B	$5.56B - $6.57B	$2.50	$2.24 - $2.94	$3.45B	$2.77B	$2.31B	$597.3M	23 rev / 20 EPS
2027-06-30	$6.40B	$5.86B - $6.91B	$2.75	$2.45 - $3.04	$3.75B	$3.03B	$2.53B	$640.2M	16 rev / 9 EPS
2027-09-30	$6.84B	$6.26B - $7.38B	$3.03	$2.70 - $3.35	$4.09B	$3.33B	$2.79B	$683.5M	17 rev / 9 EPS
2027-12-30	$6.56B	$6.01B - $7.08B	$2.84	$2.53 - $3.14	$3.93B	$3.13B	$2.62B	$655.9M	18 rev / 9 EPS
2028-03-30	$6.78B	$6.21B - $7.32B	$3.01	$2.68 - $3.32	$4.14B	$3.31B	$2.77B	$678.1M	10 rev / 10 EPS
2028-06-30	$7.22B	$6.61B - $7.80B	$3.31	$2.95 - $3.65	$4.49B	$3.62B	$3.05B	$721.9M	10 rev / 10 EPS
2028-09-30	$7.68B	$7.03B - $8.29B	$3.64	$3.24 - $4.01	$4.88B	$3.97B	$3.35B	$768.0M	11 rev / 10 EPS

Price target history

Window	Targets	Average target
Last month	8	$309.13
Last quarter	19	$318.84
Last year	60	$277.12
All time	147	$226.50

Sources: StreetInsider, Benzinga, Pulse 2.0, Barrons

Latest grade actions

Date	Firm	Action	Previous	New
2026-10-22	Morgan Stanley	Maintain	Underweight	Underweight
2026-10-22	UBS	Maintain	Buy	Buy
2026-10-22	Freedom Broker	Upgrade	Hold	Buy
2026-10-22	JP Morgan	Maintain	Overweight	Overweight
2026-10-22	Rosenblatt	Maintain	Buy	Buy
2026-10-22	Mizuho	Maintain	Neutral	Neutral
2026-10-22	Stifel	Maintain	Buy	Buy
2026-10-22	Jefferies	Maintain	Hold	Hold

Historical rating snapshots

Date	Strong buy	Buy	Hold	Sell	Strong sell
2026-10-01	3	17	15	2	0
2026-09-01	3	17	14	2	0
2026-08-01	3	17	16	2	0
2026-07-01	2	16	17	2	0
2026-06-01	2	15	18	2	0
2026-05-01	2	15	19	2	0
2026-04-01	2	14	19	4	1
2026-03-01	2	12	18	4	1

Financials

Revenue

$17.68B

Gross margin

57.0%

Operating income

$6.02B

Free cash flow

$2.60B

Cash + ST investments

$4.88B

Net debt

$12.17B

ROE

30.7%

ROIC

16.5%

EV / sales

9.6x

EV / EBITDA

20.6x

R&D / revenue

11.8%

Current ratio

4.4x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$17.68B	$10.08B	57.0%	$2.08B	$6.02B	$8.25B	$5.00B	$5.45
FY 2024	$15.64B	$9.09B	58.1%	$1.96B	$5.46B	$7.54B	$4.80B	$5.24
FY 2023	$17.52B	$11.02B	62.9%	$1.86B	$7.33B	$9.01B	$6.51B	$7.13
FY 2022	$20.03B	$13.77B	68.8%	$1.67B	$10.14B	$11.22B	$8.75B	$9.51
FY 2021	$18.34B	$12.38B	67.5%	$1.55B	$8.96B	$10.06B	$7.77B	$8.38
FY 2020	$14.46B	$9.27B	64.1%	$1.53B	$5.89B	$7.20B	$5.59B	$6.05
FY 2019	$14.38B	$9.16B	63.7%	$1.54B	$5.72B	$6.95B	$5.02B	$5.33
FY 2018	$15.78B	$10.28B	65.1%	$1.56B	$6.71B	$7.76B	$5.58B	$5.71
FY 2017	$14.96B	$9.61B	64.3%	$1.51B	$6.08B	$7.06B	$3.68B	$3.68
FY 2016	$13.37B	$8.24B	61.6%	$1.36B	$4.86B	$5.96B	$3.60B	$3.54
FY 2015	$13.00B	$7.56B	58.2%	$1.27B	$4.27B	$5.44B	$2.99B	$2.86
FY 2014	$13.04B	$7.43B	56.9%	$1.36B	$3.95B	$5.20B	$2.82B	$2.61

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$7.15B	$4.55B	$2.60B
FY 2024	$6.32B	$4.82B	$1.50B
FY 2023	$6.42B	$5.07B	$1.35B
FY 2022	$8.72B	$2.80B	$5.92B
FY 2021	$8.76B	$2.46B	$6.29B
FY 2020	$6.14B	$649.0M	$5.49B
FY 2019	$6.65B	$847.0M	$5.80B
FY 2018	$7.19B	$1.13B	$6.06B
FY 2017	$5.36B	$695.0M	$4.67B
FY 2016	$4.61B	$531.0M	$4.08B
FY 2015	$4.27B	$551.0M	$3.72B
FY 2014	$3.89B	$385.0M	$3.51B

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$4.88B	$1.96B	$4.80B	$12.32B	$34.59B	$15.39B	$12.17B	$18.31B	$16.27B
FY 2024	$7.58B	$1.72B	$4.53B	$11.35B	$35.51B	$15.04B	$11.84B	$18.61B	$16.90B
FY 2023	$8.57B	$1.79B	$4.00B	$10.00B	$32.35B	$12.27B	$9.30B	$15.45B	$16.90B
FY 2022	$9.07B	$1.90B	$2.76B	$6.88B	$27.21B	$9.50B	$6.45B	$12.63B	$14.58B
FY 2021	$9.74B	$1.70B	$1.91B	$5.14B	$24.68B	$8.21B	$3.58B	$11.34B	$13.33B
FY 2020	$6.57B	$1.41B	$1.96B	$3.27B	$19.35B	$7.12B	$4.01B	$10.16B	$9.19B
FY 2019	$5.39B	$1.07B	$2.00B	$3.30B	$18.02B	$6.13B	$3.37B	$9.11B	$8.91B
FY 2018	$4.23B	$1.21B	$2.22B	$3.18B	$17.14B	$5.07B	$2.63B	$8.14B	$8.99B
FY 2017	$4.47B	$1.28B	$1.96B	$2.66B	$17.64B	$4.08B	$2.42B	$7.30B	$10.34B
FY 2016	$3.49B	$1.27B	$1.79B	$2.51B	$16.43B	$3.61B	$2.46B	$5.96B	$10.47B
FY 2015	$3.22B	$1.17B	$1.69B	$2.60B	$16.23B	$4.12B	$3.12B	$6.28B	$9.95B
FY 2014	$3.54B	$1.25B	$1.78B	$2.84B	$17.72B	$4.64B	$3.44B	$7.33B	$10.39B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	57.0%	34.1%	28.3%	4.4x	2.8x	30.7%	16.5%	9.6x	20.6x	1.7%	11.8%	235d
FY 2024	58.1%	34.9%	30.7%	4.1x	2.9x	28.4%	14.7%	11.7x	24.2x	0.9%	12.5%	247d
FY 2023	62.9%	41.8%	37.2%	4.6x	3.4x	38.5%	21.7%	9.4x	18.2x	0.9%	10.6%	217d
FY 2022	68.8%	50.6%	43.7%	4.7x	3.8x	60.0%	35.7%	7.9x	14.1x	3.9%	8.3%	146d
FY 2021	67.5%	48.8%	42.4%	5.3x	4.6x	58.3%	34.4%	9.7x	17.7x	3.6%	8.5%	116d
FY 2020	64.1%	40.8%	38.7%	4.3x	3.5x	60.9%	31.2%	10.7x	21.6x	3.6%	10.6%	144d
FY 2019	63.7%	39.8%	34.9%	4.1x	3.2x	56.3%	30.4%	8.6x	17.8x	4.8%	10.7%	140d
FY 2018	65.1%	42.5%	35.4%	3.3x	2.4x	62.0%	36.4%	6.0x	12.1x	6.6%	9.9%	143d
FY 2017	64.3%	40.7%	24.6%	3.9x	3.0x	35.6%	23.2%	7.1x	15.0x	4.5%	10.1%	133d
FY 2016	61.6%	36.3%	26.9%	3.3x	2.5x	34.3%	23.9%	5.6x	12.6x	5.6%	10.1%	134d
FY 2015	58.2%	32.9%	23.0%	2.8x	2.1x	30.0%	20.6%	4.5x	10.8x	6.7%	9.7%	120d
FY 2014	56.9%	30.3%	21.6%	2.9x	2.2x	27.2%	17.9%	4.6x	11.4x	6.3%	10.4%	122d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+13.0%	+10.9%	+6.3%	+10.2%	+4.2%	+4.0%	+73.8%	+5.6%	-35.6%	+6.1%	-2.6%	+2.3%
FY 2024	-10.7%	-17.5%	+5.2%	-25.5%	-26.3%	-26.5%	+11.0%	+4.9%	-11.6%	+13.2%	+9.8%	+22.6%
FY 2023	-12.5%	-20.0%	+11.6%	-27.7%	-25.6%	-25.0%	-77.2%	-81.3%	-5.4%	+45.0%	+18.9%	+29.2%
FY 2022	+9.2%	+11.3%	+7.5%	+13.2%	+12.6%	+13.5%	-5.9%	-13.6%	-6.9%	+44.3%	+10.3%	+15.7%
FY 2021	+26.9%	+33.5%	+1.6%	+52.0%	+38.9%	+38.5%	+14.6%	-279.4%	+48.3%	-2.3%	+27.5%	+15.3%
FY 2020	+0.5%	+1.1%	-0.9%	+3.0%	+11.5%	+13.5%	-5.4%	+23.4%	+21.9%	-2.3%	+7.4%	+16.0%
FY 2019	-8.9%	-10.8%	-1.0%	-14.7%	-10.1%	-6.7%	-4.2%	+25.1%	+27.3%	-9.7%	+5.1%	+21.1%
FY 2018	+5.5%	+6.9%	+3.4%	+10.4%	+51.5%	+55.2%	+29.8%	-62.7%	-5.3%	+13.3%	-2.9%	+24.3%
FY 2017	+11.9%	+16.7%	+11.2%	+25.3%	+2.4%	+4.0%	+14.3%	-30.9%	+28.1%	+9.3%	+7.4%	+13.0%
FY 2016	+2.8%	+9.0%	+7.0%	+13.6%	+20.4%	+23.8%	+9.8%	+3.6%	+8.5%	+5.9%	+1.2%	-12.4%
FY 2015	-0.3%	+1.8%	-6.7%	+8.3%	+5.8%	+9.6%	+6.0%	-43.1%	-9.1%	-5.2%	-8.4%	-11.2%
FY 2014	+6.9%	+16.7%	-10.8%	+39.4%	+32.8%	+34.5%	+18.0%	+6.6%	-7.5%	+3.1%	-6.4%	-10.0%

Revenue Mix