Texas Instruments

Positives: the business is predominantly catalog analog and embedded with long lifecycles, multi-year design-ins, and diversified customers. Industrial and automotive together were roughly 69% of 2024 revenue, providing secular tailwinds from electrification, automation, and content growth.

TI reported broad-based sequential growth in 2025 as the cycle turned, with Q3 2025 revenue up 14% year over year. Negatives: analog is cyclical with inventory corrections and factory loading swings, and geopolitical or tariff changes introduce forecasting uncertainty.

TI cited reduced loadings and recorded restructuring charges while closing remaining 150mm sites, which can temporarily cloud near-term gross margin predictability. Geographic mix includes about 19% of revenue from China, adding macro policy risk. Overall, medium-high predictability over multi-year horizons, medium in any single year.