TXN · Earnings call · 2026Q3T · Full report
Operating Cash Flow Trends
TEXAS INSTRUMENTS INC · 2026-10-21 · Importance 69 · Surprise 64 · From source text
Cash flow from operations was $3.4 billion in the third quarter and $9.9 billion on a trailing-12-month basis. Trailing-12-month free cash flow was $8.4 billion, compared with $2.4 billion in the third quarter of 2025. The trailing-12-month free cash flow figure included $1.6 billion of CHIPS Act incentives, comprising investment tax credits and direct funding.
Key facts
- Trailing-12-month free cash flow was $8.4 billion, compared with $2.4 billion in Q3 2025.
- TI's Q3 2026 cash flow from operations was $3.4 billion; trailing-12-month operating cash flow was $9.9 billion.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +16.7% | Trailing-12-month free cash flow was $8.4 billion, compared with $2.4 billion in Q3 2025. |