TXN · Full Picture

TEXAS INSTRUMENTS INC — the full picture

Earnings window · 2026-07-24 to 2026-11-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Revenue Performance and Mix · Revenue growth & mixPriority 93
    +3.2% revenue; 4 sources (news, press_release, sec_filing, transcript); 2 forward row(s); structured_verified
    The expected Q3 2026 EPS of $2.42 represents a year-over-year increase of 63.5% and the expected revenue of $5.91 billion represents a year-over-year increase of 24.7%.
  2. Capital Expenditure Program · Capital expenditurePriority 85
    -9.2% cash; 4 sources (news, press_release, sec_filing, transcript); 3 forward row(s); structured_verified
    TI expects capital expenditures of $2 billion to $3 billion in 2026.
  3. Operating Income and Margins · Operating income & profitabilityPriority 82
    +68.6% operating_income (realized); 4 sources (news, press_release, sec_filing, transcript); structured_verified
    Analog segment Q2 2026 operating profit: $1,992 million; Q2 2025 operating profit: $1,325 million.
  4. Operating Cash Flow Trends · Cash flow generationPriority 79
    +51.0% cash (realized); 3 sources (press_release, sec_filing, transcript); structured_verified
    Trailing-12-month free cash flow was $8.4 billion, compared with $2.4 billion in Q3 2025.
  5. Capital Return Program · Buybacks & dividendsPriority 76
    -16.2% cash (realized); 3 sources (news, press_release, transcript); 1 forward row(s); quote_verified
    Texas Instruments (TXN) returned $5.8 billion to shareholders over the past year.
  6. Acquisition / Partnership / Divestiture · M&A and divestituresPriority 74
    3 sources (news, sec_filing, transcript); 4 forward row(s); quote_verified
    Silicon Labs acquisition represents a total enterprise value of approximately $7.5 billion.
  7. Products and Technology · Products & launchesPriority 74
    -71.4% operating_income (realized); 2 sources (news, sec_filing); 3 forward row(s); quote_verified
    Texas Instruments upgraded to Platinum membership in the Zephyr Project.
  8. Data Center Demand Trends · Demand, orders & backlogPriority 72
    4 sources (news, press_release, sec_filing, transcript); 4 forward row(s); quote_verified
    Citi reiterated its Buy rating on Texas Instruments and expects industrial growth to be between 30% and 35% year-over-year (as part of its analog sector recovery view).
  9. Gross Margin Drivers · Gross marginPriority 68
    +36.8% operating_income (realized); quote_verified
    Second quarter gross profit: $3.35 billion, up $777 million, or 30%, primarily due to higher revenue partially offset by higher manufacturing costs associated with planned capacity expansions.
  10. Liquidity and Cash Position · Liquidity & cash positionPriority 67
    +26.5% cash (realized); structured_verified
    In 2026, CHIPS Act incentives provided cash proceeds of $1.10 billion compared with $260 million in the year-ago period.
  11. Capital Expenditures and Free Cash Flow · UnclassifiedPriority 66
    +23.0% revenue (realized); quote_verified
    Texas Instruments (TXN) reported a 23% increase in Q2 revenues.
  12. Guidance / Outlook · Guidance & outlookPriority 66
    -1.4% revenue; 3 sources (news, press_release, transcript); 8 forward row(s); quote_verified
    Texas Instruments provided Q3 guidance of USD 5.65 billion to USD 6.15 billion in revenue.

Threads by pillar

Revenue & Demand Priority 97 · 11 threads

Costs & Margins Priority 92 · 6 threads

Capital & Balance Sheet Priority 97 · 11 threads

Strategy & Portfolio Priority 75 · 2 threads

Legal, Regulatory & Policy Priority 67 · 5 threads

Guidance & Outlook Priority 66 · 1 thread

Macro & Market Conditions Priority 44 · 3 threads

Unclassified Priority 80 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
cash-5.5%+13.0%+81.1%
assets+5.9%+5.9%+12.2%
revenue+1.8%+4.6%+141.6%
liability-2.7%+2.7%-5.4%
operating_income——-39.3%
margin——+54.7%
net_income——+27.8%