• Texas Instruments average gross margin for 2023 was 65.32%, a 5.4% decline from 2022.
• Texas Instruments average gross margin for 2022 was 69.05%, a 4.62% decline from 2021.
• Texas Instruments average gross margin for 2021 was 66%, a 3.56% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.