TXN · Earnings call · 2026Q3T · Full report
CHIPS Act Incentives
TEXAS INSTRUMENTS INC · 2026-10-21 · Importance 40 · Surprise 42 · In source text
TI reported that trailing-12-month free cash flow included $1.6 billion of CHIPS Act incentives. Management specified that this amount included both the investment tax credit and direct funding. The incentives were included in the 12 months ended in Q3 2026.
Key facts
- Trailing-12-month free cash flow included $1.6 billion of CHIPS Act incentives from the investment tax credit and direct funding.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +4.5% | Trailing-12-month free cash flow included $1.6 billion of CHIPS Act incentives from the investment tax credit and direct funding. |