Texas Instruments (TXN) risk factors, FY2025 10-K

Texas Instruments's FY2025 10-K, filed Feb 06, 2026, lists 17 risk factors in 3 groups. Against the prior year's 16: 1 new, 2 substantially reworded.

Risk factors listed
173 groups
New this year
1vs 16 last year
Dropped
0since the prior 10-K
Substantially reworded
2of those kept
Section length
4k wordsItem 1A

What the changes say

  • New risk 12 highlights environmental and manufacturing compliance costs.
  • Reworded risk 0 adds a 50 percent metric for products shipped into China.

What changed since the prior 10-K

New

  • NewLegal and regulatory risks

    As reporting and disclosure requirements evolve, the failure, or perceived failure, to meet applicable reporting standards or regulatory expectations could adversely affect our results of operations and reputation

    Evolving environmental and manufacturing regulations could force costly equipment additions, process changes, or material substitutions without affordable alternatives.

Reworded

  • 63% rewrittenLegal and regulatory risks

    Our operations could be affected by the complex laws, rules and regulations to which our business is subject

    The risk text was updated with minor stylistic changes while maintaining the core description of complex international laws and compliance costs.

  • 47% rewrittenRisks related to our business and industry

    Our global operations subject us to risks associated with domestic or international political, social, economic or other conditions

    Added the specific figure that products shipped into China represented about 50 percent of revenue in 2025, alongside broader semiconductor regulatory scrutiny.

All 17 risk factors

Headings as the filing states them, in filing order.

Risks related to our business and industry

  1. 01Our global operations subject us to risks associated with domestic or international political, social, economic or other conditions47% rewritten
  2. 02We face substantial competition that requires us to respond rapidly to product development and pricing pressures
  3. 03Changes in expected demand for our products could have a material adverse effect on our results of operations
  4. 04Our operating results and our reputation could be adversely affected by cybersecurity events, breaches, disruptions or other incidents relating to our information technology systems
  5. 05Our ability to successfully implement strategic, business and organizational changes could affect our business plans and results of operations
  6. 06Our results of operations could be affected by natural events in the locations in which we operate
  7. 07Rapid technological change in markets we serve requires us to develop new technologies and products
  8. 08We face supply chain and manufacturing risks
  9. 09Our continued success depends in part on our ability to retain, train and recruit a sufficient number of qualified employees in a competitive environment
  10. 10Our results of operations and our reputation could be affected by warranty claims, product liability claims, product recalls or legal proceedings
  11. 11Our results of operations could be adversely affected by distributors’ promotion of competing product lines or our distributors’ financial performance and operations

Legal and regulatory risks

  1. 12Our operations could be affected by the complex laws, rules and regulations to which our business is subject63% rewritten
  2. 13As reporting and disclosure requirements evolve, the failure, or perceived failure, to meet applicable reporting standards or regulatory expectations could adversely affect our results of operations and reputationNew
  3. 14Our results of operations could be affected by changes in tax-related matters
  4. 15Our performance depends in part on our ability to enforce our intellectual property rights and to maintain freedom of operation

Risks related to our financing activities and other risks

  1. 16Our debt could affect our operations and financial condition
  2. 17Our results of operations and liquidity could be affected by changes in the financial markets

Other Texas Instruments 10-Ks

  • FY2024 10-K risk factors
    16 risks

    Texas Instruments faces heavy reliance on global markets, with 60% of revenue international and 20% from China. The company operates in the highly cyclical semiconductor industry with intense pricing competition. Operations depend heavily on complex manufacturing, third-party supply chains, and strict intellectual property enforcement.

    Filed Feb 14, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.