Revenue vs Net income
Reported dollars from 10-Q / 10-K filings. Q4 bars are derived (annual less nine months) where the 10-K does not tag Q4 separately.
Margin trend
Gross, operating and net margin. Margins are derived from reported dollars.
Revenue YoY growth
Year-over-year change vs the same quarter (or fiscal year) a year earlier. Shown where the prior-year period is in the 8-quarter snapshot (latest four quarters).
Income statement
From 10-Q / 10-K XBRL. Values in reported dollars; EPS in $/share; share counts in shares.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.0B | $4.1B | $4.4B | $4.7B | $4.4B | $4.8B | $5.5B | $6.1B |
| YoY | — | — | — | — | +10.4% | +18.6% | +22.8% | +27.7% |
| Cost of goods sold | $1.7B | $1.8B | $1.9B | $2.0B | $2.0B | $2.0B | $2.1B | $2.2B |
| YoY | — | — | — | — | +15.2% | +15.4% | +12.7% | +7.4% |
| Gross profit | $2.3B | $2.3B | $2.6B | $2.7B | $2.5B | $2.8B | $3.4B | $3.9B |
| YoY | — | — | — | — | +6.8% | +21.0% | +30.2% | +42.7% |
| Research & development | $491.0M | $517.0M | $527.0M | $518.0M | $521.0M | $510.0M | $535.0M | $530.0M |
| YoY | — | — | — | — | +6.1% | -1.4% | +1.5% | +2.3% |
| Selling, general & administrative | $446.0M | $472.0M | $485.0M | $457.0M | $446.0M | $464.0M | $490.0M | $476.0M |
| YoY | — | — | — | — | +0.0% | -1.7% | +1.0% | +4.2% |
| Operating income | $1.4B | $1.3B | $1.6B | $1.7B | $1.5B | $1.8B | $2.3B | $2.9B |
| YoY | — | — | — | — | +7.0% | +36.6% | +47.8% | +72.8% |
| Pretax income | $1.4B | $1.3B | $1.5B | $1.6B | $1.4B | $1.7B | $2.2B | $2.8B |
| YoY | — | — | — | — | +1.0% | +34.3% | +51.4% | +77.1% |
| Income tax | $154.0M | $97.0M | $183.0M | $220.0M | $209.0M | $169.0M | $258.0M | $380.0M |
| YoY | — | — | — | — | +35.7% | +74.2% | +41.0% | +72.7% |
| Net income | $1.2B | $1.2B | $1.3B | $1.4B | $1.2B | $1.5B | $2.0B | $2.4B |
| YoY | — | — | — | — | -3.5% | +31.0% | +52.9% | +77.8% |
| EPS — basic | — | $1.29 | $1.42 | $1.49 | — | $1.69 | $2.16 | $2.64 |
| YoY | — | — | — | — | — | +31.0% | +52.1% | +77.2% |
| EPS — diluted | — | $1.28 | $1.41 | $1.48 | — | $1.68 | $2.14 | $2.62 |
| YoY | — | — | — | — | — | +31.2% | +51.8% | +77.0% |
| Weighted shares — basic | — | 910.0M | 908.0M | 909.0M | — | 909.0M | 912.0M | 914.0M |
| Weighted shares — diluted | — | 916.0M | 912.0M | 914.0M | — | 914.0M | 920.0M | 921.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $3.2B | $2.8B | $3.0B | $3.3B | $3.2B | $3.5B | $3.7B | $4.2B |
| YoY | — | — | — | — | +0.8% | +28.4% | +20.2% | +27.2% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $1.7B | $1.9B | $1.9B | $2.1B | $2.0B | $2.2B | $2.5B | $2.6B |
| YoY | — | — | — | — | +14.2% | +20.7% | +30.3% | +27.1% |
| Inventory | $4.5B | $4.7B | $4.8B | $4.8B | $4.8B | $4.7B | $4.6B | $4.7B |
| YoY | — | — | — | — | +6.1% | +0.2% | -4.3% | -3.3% |
| Total current assets | $15.0B | $13.1B | $14.5B | $13.9B | $13.8B | $13.8B | $15.8B | $16.9B |
| YoY | — | — | — | — | -8.5% | +5.4% | +8.8% | +21.6% |
| Total assets | $35.5B | $33.8B | $34.9B | $35.0B | $34.6B | $34.4B | $35.9B | $36.8B |
| YoY | — | — | — | — | -2.6% | +1.9% | +2.7% | +5.2% |
| Total current liabilities | $3.6B | $2.5B | $2.5B | $3.1B | $3.2B | $3.1B | $3.2B | $3.0B |
| YoY | — | — | — | — | -13.3% | +24.4% | +30.2% | -3.2% |
| Total liabilities | $18.6B | $17.4B | $18.5B | $18.4B | $18.3B | $17.6B | $17.9B | $17.7B |
| YoY | — | — | — | — | -1.6% | +1.5% | -3.5% | -3.9% |
| Total equity | $16.9B | $16.4B | $16.4B | $16.6B | $16.3B | $16.8B | $18.0B | $19.2B |
| YoY | — | — | — | — | -3.7% | +2.3% | +9.8% | +15.4% |
| Shares outstanding | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.0B | $849.0M | $1.9B | $2.2B | $2.3B | $1.5B | $2.7B | $3.4B |
| YoY | — | — | — | — | +12.8% | +79.0% | +45.3% | +56.1% |
| Capital expenditures | $1.2B | $1.1B | $1.3B | $1.2B | $925.0M | $676.0M | $514.0M | $463.0M |
| YoY | — | — | — | — | -22.4% | -39.8% | -60.6% | -61.3% |
| Free cash flow | $806.0M | $-274.0M | $555.0M | $993.0M | $1.3B | $844.0M | $2.2B | $3.0B |
| YoY | — | — | — | — | +64.9% | +408.0% | +294.4% | +197.7% |
| Dividends paid | $1.2B | $1.2B | $1.2B | $1.2B | $1.3B | $1.3B | $1.3B | $1.3B |
| YoY | — | — | — | — | +4.0% | +4.3% | +4.9% | +5.0% |
| Share repurchases | $537.0M | $653.0M | $302.0M | $119.0M | $403.0M | $158.0M | $27.0M | $48.0M |
| YoY | — | — | — | — | -25.0% | -75.8% | -91.1% | -59.7% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 57.7% | 56.8% | 57.9% | 57.4% | 55.9% | 58.0% | 61.4% | 64.2% |
| Operating margin | 34.4% | 32.5% | 35.1% | 35.1% | 33.3% | 37.5% | 42.3% | 47.5% |
| Net margin | 30.1% | 29.0% | 29.1% | 28.8% | 26.3% | 32.0% | 36.2% | 40.0% |
| Free cash flow margin | 20.1% | -6.7% | 12.5% | 20.9% | 30.0% | 17.5% | 40.1% | 48.8% |
| Effective tax rate | 11.3% | 7.6% | 12.4% | 13.9% | 15.2% | 9.9% | 11.5% | 13.5% |
| Current ratio | 4.12x | 5.26x | 5.81x | 4.45x | 4.35x | 4.46x | 4.86x | 5.59x |
| Total liabilities / equity | 1.10x | 1.06x | 1.13x | 1.11x | 1.13x | 1.05x | 0.99x | 0.92x |
Peer comparison — latest full year
Same sector (Information Technology), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| TXN FY25 · this stock | $17.7B | +13.0% | 57.0% | 34.1% | 28.3% | 14.7% |
| AAPL FY25 | $416.2B | +6.4% | 46.9% | 32.0% | 26.9% | 23.7% |
| MSFT FY26 | $331.8B | +17.8% | 67.9% | 46.8% | 40.3% | 20.2% |
| NVDA FY26 | $215.9B | +65.5% | 71.1% | 60.4% | 55.6% | — |
| MU FY26 | $133.2B | +256.3% | 80.7% | 74.6% | 63.8% | 44.3% |
| IBM FY25 | $67.5B | +7.6% | 58.2% | — | 15.7% | 17.9% |
| ORCL FY26 | $67.4B | +17.3% | — | 30.6% | 25.4% | -35.2% |
| CSCO FY26 | $63.3B | +11.8% | 64.5% | 24.3% | 21.0% | 20.2% |
| INTC FY25 | $52.9B | -0.5% | 34.8% | -4.2% | -0.5% | -9.4% |
| AVGO FY24 | $51.6B | +44.0% | 63.0% | 26.1% | — | 37.6% |
| QCOM FY25 | $44.3B | +13.7% | — | 27.9% | 12.5% | — |
Source: SEC EDGAR XBRL company facts (10-Q / 10-K), snapshot generated 2026-11-03 for 218 tickers. Q4 values are derived as the 10-K annual less the first nine months, since Q4 is not separately tagged in company facts; cash-flow quarterly values are derived from year-to-date filings the same way. Free cash flow = operating cash flow − capital expenditures. Blank cells mean the filing does not report that line item under a standard US-GAAP tag — nothing is estimated or filled in. Descriptive research, not investment advice. How EarnIQ builds fundamentals.