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Exhibit 99 TI reports first quarter 2021 financial results and shareholder returns Conference call on TI website at 3:30 p.m. Central time today www.ti.com/ir DALLAS ( April 27 , 2021 ) - Texas Instruments Incorporated ( TI ) ( Nasdaq : TXN ) today reported first quarter revenue of $ 4.29 billion , net income of $ 1.75 billion and earnings per share of $ 1.87 . Earnings per share included a 2 - cent net benefit for items that were not in the company's original guidance . Regarding the company's performance and returns to shareholders , Rich Templeton , TI's chairman , president and CEO , made the following comments : " Revenue increased 5 % sequentially . In addition , revenue increased 29 % from the same quarter a year ago due to strong demand in industrial , automotive and personal electronics . " In our core businesses , Analog revenue grew 5 % and Embedded Processing grew 7 % sequentially . From a year ago , Analog revenue grew 33 % and Embedded Processing grew 17 % . " Our cash flow from operations of $ 7.1 billion for the trailing 12 months again underscored the strength of our business model . Free cash flow for the same period was $ 6.3 billion and 41 % of revenue . This reflects the quality of our product portfolio , as well as the efficiency of our manufacturing strategy , including the benefit of 300 - millimeter Analog production . " We returned $ 4.5 billion to owners in the past 12 months through dividends and stock repurchases . Over the same period , our dividend represented 56 % of free cash flow , underscoring its sustainability . " TI's second quarter outlook is for revenue in the range of $ 4.13 billion to $ 4.47 billion and earnings per share between $ 1.68 and $ 1.92 . We continue to expect our 2021 annual operating tax rate to be about 14 % . " 1