TXN · 10-Q · 2026Q2 · Full report
Capital Expenditure Program
TEXAS INSTRUMENTS INC · 2026-07-24 · Importance 83 · Surprise 82 · From source text
First-half 2026 capital expenditures were $1.19 billion, down from $2.43 billion in the year-ago period, and primarily funded semiconductor manufacturing equipment and facilities. TI received $1.10 billion of CHIPS Act incentive proceeds in the first half of 2026, compared with $260 million in the prior-year period. The company expects 2026 capital expenditures of $2 billion to $3 billion. TI has received $630 million of up to $1.6 billion in direct CHIPS Act funding for three 300mm wafer fabs in Sherman, Texas, and Lehi, Utah, and expects to benefit from a 35% investment tax credit on qualifying manufacturing investments.
Key facts
- Investing activities for the first six months of 2026 used $1.75 billion compared with $82 million in the year-ago period. source
- Capital expenditures for the first six months of 2026: $1.19 billion compared with $2.43 billion in the year-ago period; primarily for semiconductor manufacturing equipment and facilities in both periods. source
- For 12 months ended June 30, capital expenditures: $(3,312) million compared with $(4,936) million prior year. source
- Invested $3.3 billion in capital expenditures over the past 12 months. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +9.2% | Invested $3.3 billion in capital expenditures over the past 12 months. |
| cash | negative | realized | -4.7% | Investing activities for the first six months of 2026 used $1.75 billion compared with $82 million in the year-ago period. |
| cash | positive | realized | +4.5% | For 12 months ended June 30, capital expenditures: $(3,312) million compared with $(4,936) million prior year. |
| cash | positive | realized | +3.5% | Capital expenditures for the first six months of 2026: $1.19 billion compared with $2.43 billion in the year-ago period; primarily for… |