TXN · Earnings call · 2026Q3T · Full report

Pricing and Input Costs

TEXAS INSTRUMENTS INC · 2026-10-21 · Importance 20 · Surprise 24

Management said analog capacity additions had been limited over the prior four years, particularly for geopolitically dependable capacity outside China and Taiwan. TI saw some midyear customer discussions for urgent additional supply and price movement mainly on analog products in the second half of 2026, following flat year-over-year pricing in the first half. Management characterized the 2026 increase as modest and said 2027 pricing discussions were underway, considering customer demand and the supply customers seek to secure. Further detail is expected with guidance at the January call.

Key facts

• TI said most customer pricing discussions take place annually, but it had some midyear discussions with customers seeking more urgent supply.
• TI was engaged in 2027 customer pricing discussions concerning demand and the supply customers wanted guaranteed or supported, and said it expected to provide more detail on the January call.
• TI saw some price movement, mainly in Analog, in the second half of 2026, after a flat year-over-year pricing environment in the first half; the second-half uptick was not very significant for 2026.