TXN · Earnings call · 2026Q3T · Full report
Capital Expenditure Guidance
TEXAS INSTRUMENTS INC · 2026-10-21 · Importance 54 · Surprise 24 · In source text
TI expects 2026 capital expenditures to be between $2 billion and $3 billion, potentially toward the higher end if tool deliveries and execution proceed as planned. Management said tool lead times, particularly for back-end equipment, affect the timing of spending, while the company is investing to expand capacity and fill existing clean rooms. TI has reserved tool slots for 2027 and beyond and said it will adjust installation rates according to demand and the revenue growth it intends to support. Management deferred specific 2027 spending figures to the February call and described longer-range planning for the rest of the decade.
Key facts
- TI said it aimed to invest between $2 billion and $3 billion in capital expenditures in 2026, potentially toward the higher end if execution proceeded as planned.
- TI did not provide 2027 CapEx numbers and said 2027 investment would depend on demand and its growth aspiration; it planned to give more detail on its February call.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | probable | -3.5% | TI said it aimed to invest between $2 billion and $3 billion in capital expenditures in 2026, potentially toward the higher end if… |