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SEC filings, compared

What changed in Texas Instruments's 10-Q for the quarter ended September 30, 2025

Compared with the 10-Q for the quarter ended September 30, 2024. Part I, Item 2 and Part II, Item 1A analysed; every summary checked against the quoted filing text.

Registrant
TEXAS INSTRUMENTS INC · TXN
This filing
0000097476-25-000060 ↗ · filed Oct 23, 2025
Compared with
0000097476-24-000042 ↗ · filed Oct 23, 2024
Processed
Sep 20, 2026 UTC · parser-v5 · classify-v4 · select-v1

Research tool. Describes what filings say. Not investment advice. Verify independently. Read the cited paragraph before relying on it.

How a report is made

42 material changes among 61 changed paragraphs · 1 held for review

13 shown by default across the three sections below; each section's "Show all" reaches the rest, in filing order. 1 held for review appears as a diff at the end.

Numbers from XBRL

Each figure is the one the filing itself tagged, taken from the filing that reported it. Not written by a model.

ConceptFY2025FY2024Change (our arithmetic)
Revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax4,742,000,000USD · Jul 1, 2025 to Sep 30, 20254,151,000,000USD · Jul 1, 2024 to Sep 30, 2024+591,000,000+14.2%
Net income or lossus-gaap:NetIncomeLoss1,364,000,000USD · Jul 1, 2025 to Sep 30, 20251,362,000,000USD · Jul 1, 2024 to Sep 30, 2024+2,000,000+0.1%
Cash and cash equivalentsus-gaap:CashAndCashEquivalentsAtCarryingValue3,311,000,000USD · at Sep 30, 20252,589,000,000USD · at Sep 30, 2024+722,000,000+27.9%
Net cash from operating activitiesus-gaap:NetCashProvidedByUsedInOperatingActivities4,899,000,000USD · Jan 1, 2025 to Sep 30, 20254,320,000,000USD · Jan 1, 2024 to Sep 30, 2024+579,000,000+13.4%

Values as tagged in the filing's inline XBRL, resolved by accession rather than by period matching. When a value is not tagged, we show that instead of estimating it. FY2025: 0000097476-25-000060 · FY2024: 0000097476-24-000042

What the company says for the first time

Paragraphs with no counterpart in the prior filing.

11 material additions

Part I, Item 2 · MD&A

8 of 11 shown · Ordered by the model, quote-checked

01AddedPart I, Item 2 › U.S. legislative update

Summary · quote-checked

Added discussion of the OBBBA, including changes to tax provisions, effective tax rates, and expected tax-related cash payments.

The new paragraph discloses enacted tax legislation and substantive effects on the company’s tax rate and future cash payments, creating new information about obligations and liquidity.

Why the model ranked it here

This introduces enacted tax changes that affect the company’s tax rate and future cash payments.

Filing text · FY2024 10-Q · filed Oct 23, 2024

No corresponding language in the FY2024 10-Q.

Filing text · FY2025 10-Q · filed Oct 23, 2025

[added] On July 4, 2025, the U.S. government enacted the One Big Beautiful Bill Act (OBBBA). The OBBBA provides changes to U.S. federal tax law, including expensing of U.S. research expenditures and eligible capital expenditures, increasing the U.S. CHIPS and Science Act (CHIPS Act) investment tax credit (ITC) and changing other tax provisions. The effect of the new law results in a higher effective tax rate in the third quarter and full year 2025. For 2026 and beyond, we expect the effective tax rate to be lower than it would have been under prior tax law. Additionally, we expect tax-related cash payments to be lower for the next several years as a result of the changes.

Cite this change

"On July 4, 2025, the U.S. government enacted the One Big Beautiful Bill Act (OBBBA)."

Texas Instruments, Form 10-Q for FY2025, Part I, Item 2, accession 0000097476-25-000060, filed 23 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/97476/000009747625000060/txn-20250930.htm

Comparison: https://yearover.com/reports/txn/0000097476-25-000060?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

02AddedPart I, Item 2 › Details of financial results - third quarter 2025 compared with third quarter 2024

Summary · quote-checked

Added disclosure of $85 million in restructuring charges tied to planned closures of two remaining 150mm-production factories.

The new paragraph discloses a material expense and a planned operational event involving factory closures, changing the filing's stated obligations and operational plans.

Why the model ranked it here

This reveals a material restructuring charge tied to a planned manufacturing footprint change.

Filing text · FY2024 10-Q · filed Oct 23, 2024

No corresponding language in the FY2024 10-Q.

Filing text · FY2025 10-Q · filed Oct 23, 2025

[added] Restructuring charges/other was $85 million related to efforts to drive operational efficiencies to support our long-term strategy, including the planned closures of our two remaining factories with 150mm production.

Cite this change

"Restructuring charges/other was $85 million related to efforts to drive operational efficiencies to support our long-term strategy, including the planned closures of our two remaining factories with 150mm production."

Texas Instruments, Form 10-Q for FY2025, Part I, Item 2, accession 0000097476-25-000060, filed 23 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/97476/000009747625000060/txn-20250930.htm

Comparison: https://yearover.com/reports/txn/0000097476-25-000060?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

03AddedPart I, Item 2 › Manufacturing

Summary · quote-checked

Added disclosure describing a six-year elevated capital expenditures cycle and its intended manufacturing capacity and free cash flow benefits.

The new paragraph discloses ongoing investment, a capacity plan, and expected effects on manufacturing capacity, capital expenditure scalability, and free cash flow.

Why the model ranked it here

This describes a sustained elevated investment program with important implications for capacity, capital spending scalability and future free cash flow.

Filing text · FY2024 10-Q · filed Oct 23, 2024

No corresponding language in the FY2024 10-Q.

Filing text · FY2025 10-Q · filed Oct 23, 2025

[added] We continue to invest to strengthen our competitive advantage in manufacturing and technology as part of our long-term capacity plan. We are now mostly through a six-year elevated capital expenditures cycle that, when completed, will uniquely position TI to deliver dependable, low-cost 300mm capacity, scalability of capital expenditures, including capacity modularity, and free cash flow per share growth across a range of market conditions.

Cite this change

"We continue to invest to strengthen our competitive advantage in manufacturing and technology as part of our long-term capacity plan. We are now mostly through a six-year elevated capital expenditures cycle that, when completed, will uniquely position TI to deliver dependable, low-cost 300mm capacity, scalability of capital expenditures, including capacity modularity, and free cash flow per share growth across a range of market conditions."

Texas Instruments, Form 10-Q for FY2025, Part I, Item 2, accession 0000097476-25-000060, filed 23 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/97476/000009747625000060/txn-20250930.htm

Comparison: https://yearover.com/reports/txn/0000097476-25-000060?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

04AddedPart I, Item 2 › Manufacturing

Summary · quote-checked

Added disclosure of a multi-year plan to close two 150mm factories and transition production to 300mm facilities.

The paragraph introduces a factory-closure plan and production transition, describing a substantive manufacturing dependency and planned operational change.

Why the model ranked it here

This adds a plan to close aging production facilities and shift manufacturing to newer capacity.

Filing text · FY2024 10-Q · filed Oct 23, 2024

No corresponding language in the FY2024 10-Q.

Filing text · FY2025 10-Q · filed Oct 23, 2025

[added] In 2020, we announced a multi-year plan to close our two remaining factories with 150mm production, which are more than 50 years old and located in Sherman and Dallas, Texas. Production is transitioning from these sites to our more advanced and cost-effective 300mm wafer fabrication facilities.

Cite this change

"In 2020, we announced a multi-year plan to close our two remaining factories with 150mm production, which are more than 50 years old and located in Sherman and Dallas, Texas."

Texas Instruments, Form 10-Q for FY2025, Part I, Item 2, accession 0000097476-25-000060, filed 23 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/97476/000009747625000060/txn-20250930.htm

Comparison: https://yearover.com/reports/txn/0000097476-25-000060?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

05AddedPart I, Item 2 › Manufacturing

Summary · quote-checked

Added a Manufacturing discussion describing owned production capabilities, geographic facilities, cost advantages, supply-chain control and selective reliance on outside suppliers.

The new paragraph discloses manufacturing capacity, geographic footprint, cost structure, supply-chain dependency and supplier use; these are substantive operational dependencies and capabilities.

Why the model ranked it here

This explains how owned manufacturing assets and selective outside sourcing shape the company’s cost structure and supply-chain control.

Filing text · FY2024 10-Q · filed Oct 23, 2024

No corresponding language in the FY2024 10-Q.

Filing text · FY2025 10-Q · filed Oct 23, 2025

[added] We invest to make manufacturing and technology a core competitive advantage. The strategic decision to own our manufacturing, process and packaging technology provides us with tangible benefits of lower manufacturing costs and greater control of our supply chain and provides our customers with geopolitically dependable capacity. We own and operate both wafer fabrication and assembly/test facilities in North America, Asia, Japan and Europe. We have focused on creating a competitive structural cost advantage by investing in our 300mm wafer production, which describes the diameter of the wafer on which our chips are produced, and costs about 40% less than a chip built on a 200mm wafer. In addition, we selectively use capacity of outside suppliers, commonly known as foundries and subcontractors.

Cite this change

"We invest to make manufacturing and technology a core competitive advantage. The strategic decision to own our manufacturing, process and packaging technology provides us with tangible benefits of lower manufacturing costs and greater control of our supply chain and provides our customers with geopolitically dependable capacity. We own and operate both wafer fabrication and assembly/test facilities in North America, Asia, Japan and Europe. We have focused on creating a competitive structural cost advantage by investing in our 300mm wafer production, which describes the diameter of the wafer on which our chips are produced, and costs about 40% less than a chip built on a 200mm wafer. In addition, we selectively use capacity of outside suppliers, commonly known as foundries and subcontractors."

Texas Instruments, Form 10-Q for FY2025, Part I, Item 2, accession 0000097476-25-000060, filed 23 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/97476/000009747625000060/txn-20250930.htm

Comparison: https://yearover.com/reports/txn/0000097476-25-000060?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

06AddedPart I, Item 2 › Macroeconomic factors

Summary · quote-checked

Added discussion of trade, geopolitics, supply-chain disruption, customer ordering, manufacturing capabilities, and the semiconductor market recovery.

The new paragraph introduces macroeconomic conditions and related effects on supply chains, customer behavior, and market recovery, changing the disclosed business context.

Why the model ranked it here

This states that geopolitics and trade are disrupting supply chains and customer ordering while the market recovery remains uncertain.

Filing text · FY2024 10-Q · filed Oct 23, 2024

No corresponding language in the FY2024 10-Q.

Filing text · FY2025 10-Q · filed Oct 23, 2025

[added] We believe trade dynamics and geopolitics are disrupting and reshaping global supply chains and affecting customer order behavior. Our global manufacturing capabilities enable us to support our customers' needs. The overall semiconductor market recovery is continuing, though at a slower pace than prior upturns, likely related to broader macroeconomic dynamics and overall uncertainty.

Cite this change

"We believe trade dynamics and geopolitics are disrupting and reshaping global supply chains and affecting customer order behavior. Our global manufacturing capabilities enable us to support our customers' needs. The overall semiconductor market recovery is continuing, though at a slower pace than prior upturns, likely related to broader macroeconomic dynamics and overall uncertainty."

Texas Instruments, Form 10-Q for FY2025, Part I, Item 2, accession 0000097476-25-000060, filed 23 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/97476/000009747625000060/txn-20250930.htm

Comparison: https://yearover.com/reports/txn/0000097476-25-000060?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

07AddedPart I, Item 2 › Manufacturing

Summary · quote-checked

Added discussion of planned capacity expansions, increasing internal sourcing, Lehi facility ramp-up costs, manufacturing capacity, and equipment needs.

The new paragraph discloses manufacturing capacity plans, facility-related costs, sourcing expectations, and equipment commitments, adding substantive information about operations and investment needs.

Why the model ranked it here

This discloses planned capacity expansion, rising internal sourcing and associated facility and equipment needs.

Filing text · FY2024 10-Q · filed Oct 23, 2024

No corresponding language in the FY2024 10-Q.

Filing text · FY2025 10-Q · filed Oct 23, 2025

[added] With our planned capacity expansions to support demand over time, we expect our internal sourcing to continue to increase. As our Lehi, Utah, manufacturing facility is in the early ramping stages, Embedded Processing is disproportionately impacted by costs associated with the site's capacity expansion. We expect to continue to maintain sufficient internal manufacturing capacity to meet the majority of our production needs and to obtain manufacturing equipment to support new technology developments and revenue growth.

Cite this change

"With our planned capacity expansions to support demand over time, we expect our internal sourcing to continue to increase."

Texas Instruments, Form 10-Q for FY2025, Part I, Item 2, accession 0000097476-25-000060, filed 23 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/97476/000009747625000060/txn-20250930.htm

Comparison: https://yearover.com/reports/txn/0000097476-25-000060?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

08AddedPart I, Item 2 › Inventory

Summary · quote-checked

Added an MD&A paragraph describing inventory objectives and the strategy for building inventory ahead of demand.

The new paragraph discloses inventory-management objectives, demand-planning practices, obsolescence considerations and factory-loading adjustments, adding substantive information about inventory strategy and dependencies.

Why the model ranked it here

This adds the company’s inventory objectives and its approach to balancing customer service, obsolescence and factory utilization.

Filing text · FY2024 10-Q · filed Oct 23, 2024

No corresponding language in the FY2024 10-Q.

Filing text · FY2025 10-Q · filed Oct 23, 2025

[added] Our objectives for inventory are to maintain high levels of customer service, maintain dependable and competitive lead times, minimize inventory obsolescence and improve manufacturing asset utilization. To meet these objectives and to allow greater flexibility in periods of high demand, our strategy is to build ahead of demand our broad-based products that are used across a diverse set of applications and customers and have low risk of obsolescence. Inventory levels will vary based on market conditions and seasonality. We adjust factory loadings as needed to execute on this inventory strategy.

Cite this change

"Our objectives for inventory are to maintain high levels of customer service, maintain dependable and competitive lead times, minimize inventory obsolescence and improve manufacturing asset utilization."

Texas Instruments, Form 10-Q for FY2025, Part I, Item 2, accession 0000097476-25-000060, filed 23 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/97476/000009747625000060/txn-20250930.htm

Comparison: https://yearover.com/reports/txn/0000097476-25-000060?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

Show all 11 in Part I, Item 2 (3 more, in filing order)

What the company no longer says

Paragraphs of the prior filing that this filing dropped. Only last year's text can show these.

0 material removals

Nothing material was dropped from the analysed Items.

What the company says differently

Paragraphs that changed between the two filings, shown as a word diff.

31 material changes

Part I, Item 2 · MD&A

5 of 31 shown · Ordered by the model, quote-checked

01ChangedPart I, Item 2 › Financial condition

Summary · quote-checked

Reported total cash changed from $8.75 billion increasing from 2023 to $5.19 billion decreasing from 2024.

The updated amount and direction indicate a substantively different liquidity position, not merely a calendar-period roll-forward.

Why the model ranked it here

The reported cash balance and its direction of change present a substantially different liquidity position.

Filing text · FY2024 10-Q · filed Oct 23, 2024

At the end of the third quarter of [removed] 2024, total cash (cash and cash equivalents plus short-term investments) was [removed] $8.75 billion, an increase of $177 million from the end of [removed] 2023.

Filing text · FY2025 10-Q · filed Oct 23, 2025

At the end of the third quarter of [added] 2025, total cash (cash and cash equivalents plus short-term investments) was [added] $5.19 billion, a decrease of $2.39 billion from the end of [added] 2024.

Cite this change

"At the end of the third quarter of 2025, total cash (cash and cash equivalents plus short-term investments) was $5.19 billion, a decrease of $2.39 billion from the end of 2024."

Texas Instruments, Form 10-Q for FY2025, Part I, Item 2, accession 0000097476-25-000060, filed 23 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/97476/000009747625000060/txn-20250930.htm

Comparison: https://yearover.com/reports/txn/0000097476-25-000060?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

02ChangedPart I, Item 2 › Liquidity and capital resources

Summary · quote-checked

Financing activities changed from providing $879 million to using $4.03 billion, with updated debt, dividend, repurchase and stock-option cash flows.

The financing cash-flow direction reverses from provided to used, changing the liquidity assertion; the updated amounts also describe materially different financing activity beyond a calendar roll-forward.

Why the model ranked it here

Financing activities changed from providing liquidity to consuming it, materially altering the financing and cash-use picture.

Filing text · FY2024 10-Q · filed Oct 23, 2024

Financing activities for the first nine months of [removed] 2024 provided $879 million compared with [removed] $929 million in the year-ago period. [removed] In 2024, we received net proceeds of [removed] $2.98 billion from the issuance of fixed-rate, long-term debt and retired maturing debt of [removed] $300 million. In the year-ago period, we received net proceeds of [removed] $3.00 billion from the issuance of fixed-rate, long-term debt and retired maturing debt of [removed] $500 million. Dividends paid were [removed] $3.56 billion compared with [removed] $3.38 billion in the year-ago period, reflecting an increased dividend rate. We used [removed] $392 million to repurchase [removed] 2.0 million shares of our common stock compared with [removed] $228 million in the year-ago period to repurchase 1.3 million shares. Employee exercises of stock options provided cash proceeds of [removed] $430 million compared with [removed] $218 million in the year-ago period.

Filing text · FY2025 10-Q · filed Oct 23, 2025

Financing activities for the first nine months of [added] 2025 used $4.03 billion compared with [added] $879 million in the year-ago period. [added] We received net proceeds of [added] $1.20 billion from the issuance of fixed-rate, long-term debt and retired maturing debt of [added] $750 million. In the year-ago period, we received net proceeds of [added] $2.98 billion from the issuance of fixed-rate, long-term debt and retired maturing debt of [added] $300 million. Dividends paid were [added] $3.71 billion compared with [added] $3.56 billion in the year-ago period, reflecting an increased dividend rate. We used [added] $1.07 billion to repurchase [added] 6.1 million shares of our common stock compared with [added] $392 million to repurchase 2.0 million shares in the year-ago period. Employee exercises of stock options provided cash proceeds of [added] $358 million compared with [added] $430 million in the year-ago period.

Cite this change

"Financing activities for the first nine months of 2025 used $4.03 billion compared with $879 million in the year-ago period."

Texas Instruments, Form 10-Q for FY2025, Part I, Item 2, accession 0000097476-25-000060, filed 23 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/97476/000009747625000060/txn-20250930.htm

Comparison: https://yearover.com/reports/txn/0000097476-25-000060?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

03ChangedPart I, Item 2 › Details of financial results - first nine months of 2025 compared with first nine months of 2024

Summary · quote-checked

Restructuring charges changed from a $124 million credit tied to a property sale to an $85 million charge tied to operational efficiencies and planned factory closures.

The disclosure changes the result’s direction and identifies a new operational-efficiency obligation involving planned closures of two remaining factories with 150mm production.

Why the model ranked it here

Restructuring shifted from a credit to charges tied to operational efficiencies and planned factory closures, creating a new operational obligation.

Filing text · FY2024 10-Q · filed Oct 23, 2024

Restructuring charges/other was a credit of $124 million primarily due to a gain on the sale of a property during 2024.

Filing text · FY2025 10-Q · filed Oct 23, 2025

Restructuring charges/other was [added] $85 million related to efforts to drive operational efficiencies to support our long-term strategy, including the planned closures of our two remaining factories with 150mm production, compared with a credit of $124 million primarily due to a gain on the sale of a property during 2024.

Cite this change

"Restructuring charges/other was $85 million related to efforts to drive operational efficiencies to support our long-term strategy, including the planned closures of our two remaining factories with 150mm production, compared with a credit of $124 million primarily due to a gain on the sale of a property during 2024."

Texas Instruments, Form 10-Q for FY2025, Part I, Item 2, accession 0000097476-25-000060, filed 23 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/97476/000009747625000060/txn-20250930.htm

Comparison: https://yearover.com/reports/txn/0000097476-25-000060?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

04ChangedPart I, Item 2 › Liquidity and capital resources

Summary · quote-checked

Capital expenditure outlook shifted from expected elevated levels to evaluation for 2026 and beyond, while CHIPS Act benefits were described more specifically.

The disclosure changes management’s capital spending outlook and adds specific tax-credit timing and facility details, altering stated expectations and obligations.

Why the model ranked it here

Management moved from expecting elevated capital spending to evaluating whether that level will continue, changing the stated investment direction.

Filing text · FY2024 10-Q · filed Oct 23, 2024

[removed] As we continue to invest to strengthen our competitive advantage in manufacturing and technology as part of our long-term capacity planning, our capital expenditures are expected to remain at elevated levels. We expect to receive an estimated $6 billion to $8 billion through 2034 from the U.S. Department of Treasury's investment tax credit for qualified U.S. manufacturing investments. We have received $532 million of the associated cash benefit for qualifying capital expenditures in the first nine months of 2024. Additionally, in August 2024, we signed a non-binding preliminary memorandum of terms with the U.S. Department of Commerce for up to $1.6 billion in direct funding under the CHIPS Act.

Filing text · FY2025 10-Q · filed Oct 23, 2025

[added] We are now mostly through a six-year elevated capital expenditures cycle, and consistent with our capital management strategy, we are currently evaluating our capital expenditure levels to determine if they will remain at elevated levels in 2026 and beyond, dependent on revenue and growth expectations. We expect to continue benefiting from the CHIPS Act, including the 25% ITC on qualifying manufacturing investments that increases to 35% for assets placed in service after December 31, 2025, and direct funding of up to $1.6 billion for our three large-scale 300mm wafer fabs located in Sherman, Texas, and Lehi, Utah.

Cite this change

"We are now mostly through a six-year elevated capital expenditures cycle, and consistent with our capital management strategy, we are currently evaluating our capital expenditure levels to determine if they will remain at elevated levels in 2026 and beyond, dependent on revenue and growth expectations."

Texas Instruments, Form 10-Q for FY2025, Part I, Item 2, accession 0000097476-25-000060, filed 23 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/97476/000009747625000060/txn-20250930.htm

Comparison: https://yearover.com/reports/txn/0000097476-25-000060?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

05ChangedPart I, Item 2 › Liquidity and capital resources

Summary · quote-checked

Investing cash use changed substantially, short-term investments provided cash, and CHIPS Act incentive proceeds were newly disclosed.

The paragraph adds a new source of proceeds and changes short-term investments from using cash to providing cash, substantively changing the liquidity and investing-activity disclosure.

Why the model ranked it here

The investing and liquidity disclosure adds incentive proceeds as a new cash source and changes the treatment of short-term investments.

Filing text · FY2024 10-Q · filed Oct 23, 2024

Investing activities for the first nine months of [removed] 2024 used $3.82 billion compared with [removed] $4.05 billion in the year-ago period. Capital expenditures were $3.63 billion [removed] compared with $3.92 billion in the year-ago period and were primarily for semiconductor manufacturing equipment and [removed] facilities in both periods. Short-term investments [removed] used cash of [removed] $346 million compared with [removed] $164 million in the year-ago period.

Filing text · FY2025 10-Q · filed Oct 23, 2025

Investing activities for the first nine months of [added] 2025 used $763 million compared with [added] $3.82 billion in the year-ago period. Capital expenditures were $3.63 billion [added] in both periods and were primarily for semiconductor manufacturing equipment and [added] facilities. For the first nine months of 2025, we received proceeds of $335 million from CHIPS Act incentives, including $75 million in direct funding. Short-term investments [added] provided cash of [added] $2.55 billion compared with [added] $346 million of cash used in the year-ago period.

Cite this change

"For the first nine months of 2025, we received proceeds of $335 million from CHIPS Act incentives, including $75 million in direct funding."

Texas Instruments, Form 10-Q for FY2025, Part I, Item 2, accession 0000097476-25-000060, filed 23 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/97476/000009747625000060/txn-20250930.htm

Comparison: https://yearover.com/reports/txn/0000097476-25-000060?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

Show all 31 in Part I, Item 2 (26 more, in filing order)

What the company reported as changed this quarter

We have not parsed the annual report this quarter's risk factors refers to, so we cannot tell whether it restates the section or reports changes to it. Nothing is compared until we can.

Part II, Item 1A · Risk Factors

Held for review

These changes failed one of our checks: the model's summary did not match the filing text. The diff is shown; the model text is withheld until a person has looked.

1 change held

HeldPart I, Item 2 › Liquidity and capital resources

Filing text · FY2024 10-Q · filed Oct 23, 2024

We had [removed] $2.59 billion of cash and cash equivalents and [removed] $6.16 billion of short-term investments as of September 30, [removed] 2024. We believe we have the necessary financial resources and operating plans to fund our working capital needs, capital expenditures, dividend and debt-related payments, and other business requirements for at least the next 12 months.

Filing text · FY2025 10-Q · filed Oct 23, 2025

We had [added] $3.31 billion of cash and cash equivalents and [added] $1.88 billion of short-term investments as of September 30, [added] 2025. We believe we have the necessary financial resources and operating plans to fund our working capital needs, capital expenditures, dividend and debt-related payments, and other business requirements for at least the next 12 months.

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