Texas Instruments (TXN) concentration risks

The company's concentration profile is defined by two structural exposures — one product-mix, one geographic — that both carry significant weight. Analog products generated approximately 79% of revenue in 2025, a high-share structural concentration reflecting the deliberate strategic focus on that segment rather than reliance on any single customer or product line. This concentration is therefore a durable feature of the business model rather than an idiosyncratic risk, and it means the company's fortunes are tightly coupled to end-market demand in the Analog space, which spans industrial, automotive, and consumer electronics verticals. The geographic picture adds a material second layer. Revenue from products shipped into China represented approximately 50% of revenue in 2025, a high-share structural exposure that reflects both where manufacturing and assembly activity is concentrated globally and where significant end-market demand resides. The two figures are not independent — much of what ships into China ultimately moves through global supply chains — and the company separately discloses that revenue from end customers actually headquartered in China was approximately 20% of revenue in 2025, a small share by disclosed size. The gap between the 50% shipped-in figure and the 20% headquartered-in figure illustrates the transit-hub dynamic: the China geographic exposure is partly structural to global electronics supply chains, not purely a direct bilateral demand risk, though trade-policy and tariff developments affecting that channel remain a key watch variable.

For the engine’s reasoning on TXN’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.

Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.