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Stock to Watch: Texas Instruments (TXN - Free Report) Headquartered in Dallas, TX, Texas Instruments, Inc. is an original equipment manufacturer of analog, mixed signal and digital signal processing (DSP) integrated circuits.
TXN is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. TXN has a Growth Style Score of B, forecasting year-over-year earnings growth of 43.7% for the current fiscal year.
For fiscal 2026, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.14 to $7.83 per share. TXN boasts an average earnings surprise of +8.3%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, TXN should be on investors' short list.
Bank of Nova Scotia trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 72.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 494,202 shares of the semiconductor company’s stock after selling 1,304,252 shares during the period. Bank of Nova Scotia owned 0.05% of Texas Instruments worth $95,944,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in TXN. State Street Corp grew its position in Texas Instruments by 0.5% in the 3rd quarter. State Street Corp now owns 43,555,112 shares of the semiconductor company’s stock valued at $8,002,381,000 after buying an additional 230,098 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Texas Instruments by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 24,288,604 shares of the semiconductor company’s stock worth $4,213,832,000 after buying an additional 1,517,420 shares during the last quarter. Geode Capital Management LLC raised its position in Texas Instruments by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 22,865,312 shares of the semiconductor company’s stock worth $3,952,933,000 after buying an additional 248,515 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Texas Instruments by 10.6% in the 4th quarter. Invesco Ltd. now owns 18,184,514 shares of the semiconductor company’s stock worth $3,154,831,000 after acquiring an additional 1,749,513 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Texas Instruments by 33.6% in the first quarter. Bank of New York Mellon Corp now owns 16,402,834 shares of the semiconductor company’s stock valued at $3,184,446,000 after acquiring an additional 4,129,601 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
More Texas Instruments News Here are the key news stories impacting Texas Instruments this week:
Positive Sentiment: Texas Instruments beat Q2 estimates, reporting EPS of $2.14 on revenue of $5.46 billion, with sales up 22.8% year over year and net income rising sharply. Article Title Positive Sentiment: Management also raised Q3 guidance above Wall Street expectations, signaling continued demand recovery in industrial, data center and automotive markets. Article Title Positive Sentiment: Several analysts turned more constructive: JPMorgan raised its target to $340 with an overweight rating, TD Cowen kept a buy rating and cut its target to $340, and KeyCorp lifted its target to $400. Article Title Positive Sentiment: Commentary around strong AI data center demand and broader semiconductor momentum is reinforcing the long-term growth narrative for TXN. Article Title Neutral Sentiment: Texas Instruments remains part of a strong semiconductor sector rally, which may provide support, but the stock is also vulnerable to post-earnings “sell the news” behavior after a strong run. Article Title Negative Sentiment: Despite the strong report, shares have slipped as investors question whether the results were already priced in after a big rally and high expectations for chip stocks. Article Title Wall Street Analysts Forecast Growth A number of research analysts have recently issued reports on TXN shares. Rosenblatt Securities boosted their price target on shares of Texas Instruments from $240.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Sanford C. Bernstein lifted their price objective on Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a report on Thursday. KeyCorp boosted their target price on Texas Instruments from $390.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday. Wall Street Zen raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, Zacks Research downgraded Texas Instruments from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Fourteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $307.60.
Get Our Latest Report on Texas Instruments
Texas Instruments Trading Down 3.1% Shares of TXN opened at $284.99 on Friday. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve month high of $334.03. The company has a current ratio of 4.46, a quick ratio of 2.94 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $259.37 billion, a P/E ratio of 43.38, a PEG ratio of 1.51 and a beta of 1.32. The firm’s 50-day moving average is $301.53 and its two-hundred day moving average is $247.14.
Texas Instruments (NASDAQ:TXN – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The semiconductor company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.91 by $0.23. Texas Instruments had a return on equity of 36.55% and a net margin of 31.11%.The business had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same quarter in the previous year, the company earned $1.41 EPS. The company’s quarterly revenue was up 22.8% on a year-over-year basis. Texas Instruments has set its Q3 2026 guidance at 2.230-2.570 EPS. On average, research analysts predict that Texas Instruments Incorporated will post 7.69 earnings per share for the current fiscal year.
Texas Instruments Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $5.68 annualized dividend and a yield of 2.0%. Texas Instruments’s dividend payout ratio is 97.26%.
Insiders Place Their Bets In related news, CEO Haviv Ilan sold 20,000 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $280.32, for a total value of $5,606,400.00. Following the sale, the chief executive officer directly owned 204,339 shares of the company’s stock, valued at approximately $57,280,308.48. This represents a 8.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mark Gary sold 13,689 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $279.25, for a total transaction of $3,822,653.25. Following the completion of the sale, the vice president directly owned 45,547 shares in the company, valued at $12,718,999.75. This trade represents a 23.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 199,143 shares of company stock valued at $56,959,010. Company insiders own 0.60% of the company’s stock.
Texas Instruments Profile (Free Report)
Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.
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Texas Instruments (NASDAQ:TXN) reported stronger-than-expected second-quarter 2026 results, with management citing broadening demand across industrial, data center and automotive markets, along with benefits from prior investments in inventory and manufacturing capacity.
Chief Executive Officer Haviv Ilan said revenue for the quarter was $5.5 billion, up 13% sequentially and 23% from a year earlier. Revenue came in above the company’s prior range as industrial and data center demand continued to grow and automotive demand accelerated during the quarter.
“Our investments in inventory and capacity are serving us well, which allows us to support our customers during this time of increased demand,” Ilan said. He added that Texas Instruments has clean room space available and is positioned to support continued growth.
Industrial, Data Center and Automotive Drive Growth Ilan said both Analog and Embedded Processing grew sequentially and year over year. Analog revenue rose 26% from the year-ago quarter, while Embedded Processing increased 16%. The company’s other segment declined 2% year over year.
By end market, Ilan said industrial revenue increased about 30% year over year and roughly 10% sequentially, with broad growth across sectors and regions. Automotive revenue increased in the mid-teens from a year earlier and rose in the upper single digits from the prior quarter. Data center revenue doubled year over year and grew about 20% sequentially.
Personal electronics was flat year over year and grew in the upper single digits sequentially, while communications equipment increased both year over year and sequentially.
During the question-and-answer portion of the call, Ilan said demand is now broader than in recent quarters, when strength was concentrated in industrial and data center. He said automotive demand built during the second quarter, led by China and by demand tied to electric vehicles and hybrids. He also said some automotive customers had reduced inventories to very low levels.
“I think we are in the start of a cycle that is very broad,” Ilan said.
Profitability Improves; Free Cash Flow Rises Chief Financial Officer Rafael Lizardi said gross profit was $3.4 billion, or 61% of revenue, with gross margin increasing 340 basis points sequentially. Operating expenses were $1 billion, about in line with expectations. Operating profit was $2.3 billion, or 42% of revenue, up 48% from the year-ago quarter.
Net income was $2 billion, or $2.14 per share. Lizardi said earnings per share included a $0.05 benefit from discrete tax items that was not included in the company’s original guidance.
Cash flow from operations was $2.7 billion in the quarter and $8.7 billion over the trailing 12 months. Capital expenditures were $514 million in the quarter and $3.3 billion over the past 12 months. Trailing 12-month free cash flow was $6.5 billion, up from $1.8 billion in the second quarter of 2025.
Lizardi said free cash flow over the past 12 months included $1.6 billion of CHIPS Act incentives, consisting of investment tax credits and direct funding. Texas Instruments received $549 million of ITC-related payments in the second quarter for qualifying capital expenditures.
The company paid $1.3 billion in dividends during the quarter and returned $5.8 billion to shareholders over the past 12 months. Texas Instruments ended the quarter with $7 billion in cash and short-term investments and $14 billion in total debt, with a weighted average coupon of 4%.
Inventory at quarter-end was $4.6 billion, down $90 million from the prior quarter. Days of inventory were 196, down 13 days sequentially.
Third-Quarter Guidance Points to Continued Momentum For the third quarter of 2026, Texas Instruments expects revenue of $5.65 billion to $6.15 billion and earnings per share of $2.23 to $2.57. The company expects its effective tax rate to be about 13% in the quarter.
Asked about the demand outlook, Ilan said he expects strength across markets in the third quarter. He noted that personal electronics typically contributes meaningfully to third-quarter growth, but said the current outlook is broader, with industrial, data center and automotive also expected to contribute.
Ilan also said the company has begun executing price increases after pricing remained flat in the first half of the year. He said some increases will begin to affect results in the third quarter, with additional impact expected in the fourth quarter and into next year, depending on annual customer pricing discussions.
“If I think about the forecast for Q3, the vast majority of it is just unit growth and maybe a little contribution from pricing, but almost insignificant,” Ilan said.
Capacity and Lead Times Remain Key Focus Areas Management emphasized that Texas Instruments is better positioned on capacity than in the prior cycle. Incoming CFO Julie Knecht said factory loadings increased from the first quarter to the second quarter and continued to rise throughout the second quarter. She said third-quarter loadings will depend on demand, but the company has clean room space available that it can equip and ramp.
Ilan said Texas Instruments has clean room capacity in Richardson and Sherman, as well as capacity plans tied to Lehi. He said the company is “in great shape” for Analog growth into its existing manufacturing footprint and that Lehi 2 will support Embedded Processing growth.
On lead times, Ilan said they remain competitive, though they have moved slightly higher as demand has increased. He said lead times were below the company’s core 13-week level in the second quarter but have risen by a couple of weeks.
“When I talk with customers, I do believe our lead times are the most competitive in the market,” Ilan said.
CFO Transition and Acquisition Update The call also marked Lizardi’s final earnings call as CFO. Head of Investor Relations Mike Beckman said Lizardi plans to retire at the end of August after nearly a decade as finance chief. Julie Knecht, who has been with Texas Instruments for more than 25 years and has served as chief accounting officer since 2021, will become CFO on August 1.
Lizardi said it had been an honor to work at Texas Instruments for 25 years and to serve as CFO for the past decade. “Over that time, we have made TI stronger and positioned it for continued success,” he said.
Management also provided a brief update on the pending Silicon Labs transaction. Knecht said regulatory approvals are moving as planned and that Texas Instruments still expects the deal to close in the first half of next year. She said the company continues to expect to fund the transaction with cash on hand and debt.
About Texas Instruments (NASDAQ:TXN) Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.
Texas Instruments TXN is experiencing a decline in share price despite surpassing Q2 earnings expectations and providing an optimistic Q3 forecast. The semiconductor company reported a significant year-over-year revenue growth of 22.8%, reaching $5.46 billion, which was well above market predictions. For Q3, TXN anticipates earnings per share (EPS) in the range of $2.23 to $2.57, with revenue projected between $5.65 billion and $6.15 billion, indicating another above-seasonal guidance as demand expands.
Demand Breadth: - Strong performance driven by industrial, data center, and automotive sectors. - Industrial revenue grew approximately 30% year-over-year and about 10% sequentially. - Automotive revenue increased in the mid-teens year-over-year and upper single digits sequentially. - Data center revenue doubled year-over-year and rose around 20% sequentially. Cycle: - TXN perceives customers as being in the early stages of the cycle. - Backlogs have increased for both immediate and longer-term orders, supporting management's outlook for broad, sustained demand growth. Margins & Pricing: - Gross margin expanded by 340 basis points sequentially to 61%, with expectations for further modest growth in Q3. - Pricing remained stable in the first half, contrary to TXN's usual slight declines, with increases starting primarily in Analog. Inventory and Capacity: - TXN's investments in inventory and manufacturing capacity enable quick responses to heightened demand. - The company has sufficient cleanroom infrastructure to support approximately three years of growth and maintains a capital expenditure outlook of $2-3 billion for the year, potentially leaning toward the higher end. Q3 Outlook: - TXN anticipates a stronger and broader demand landscape heading into Q3. - Industrial, data center, and automotive sectors are expected to be the primary growth drivers, with personal electronics also expected to improve. Despite the stock's recent downturn, TXN's Q2 performance was promising, indicating a potential recovery into a broader upcycle. The automotive sector accelerated, and both industrial and data center markets remained robust. The above-seasonal Q3 guidance suggests ongoing strength in core markets. TXN's strategic investments in inventory and manufacturing are yielding benefits, allowing for quick adaptations to increasing customer demands and potential gains from suppliers with longer lead times. The gross margin has improved significantly, and management anticipates further increases in Q3, with pricing expected to contribute more in Q4 and beyond. The stock's decline may reflect high expectations and the possibility that stronger demand could push capital expenditures toward the upper limit of TXN's forecast. It will be crucial for TXN to demonstrate that the overall demand environment continues to foster sustained revenue growth, higher factory utilization, and improved margins as the year progresses into 2027.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Mizuho raised Texas Instruments (TXN) price target to $305 from $300 while keeping a Neutral rating, citing data center growth. The chipmaker reported June quar
Key Takeaways TXN highlighted broad demand recovery as industrial, automotive and data center markets drove growth.TXN's data center sales doubled year over year, while automotive demand improved with EV and hybrid strength.Texas Instruments is expanding capacity, citing clean room space and investments to support future demand. Texas Instruments Incorporated (TXN - Free Report) emphasized a broad-based demand recovery during its second-quarter fiscal 2026 earnings call, with management highlighting strength across the industrial, data center and automotive markets as key drivers. Revenues exceeded the Zacks Consensus Estimate, while executives focused more on improving demand trends and capacity readiness than on the quarter’s financial results.
Management highlighted expanding opportunities from inventory normalization, stronger customer demand and long-term investments in manufacturing capacity. The discussion also centered on pricing actions, data center growth and the company’s ability to support customers through the current cycle.
TXN Demand Broadens Across Industrial and Automotive MarketsCEO Haviv Ilan said second-quarter revenues reached $5.46 billion, up 23% year over year, with Analog revenues increasing 26% and Embedded Processing revenues rising 16%. Industrial, automotive and data center markets were the primary contributors to growth.
Ilan noted that industrial revenues increased around 30% year over year, automotive revenues grew in the mid-teens and data center revenues doubled from the prior-year period. He added that demand strength expanded beyond the earlier industrial and data center trends.
The company reported earnings per share (EPS) of $2.14, exceeding the Zacks Consensus Estimate of $1.91. Revenues of $5.46 billion also surpassed the Zacks Consensus Estimate of $5.22 billion.
Texas Instruments Sees Strength Across End Markets in Q2Texas Instruments said automotive demand improved during the second quarter of fiscal 2026, with Ilan attributing the improvement to stronger electric vehicle and hybrid demand, particularly in China, along with low customer inventory levels.
Management also discussed data center momentum, where sales doubled year over year. Ilan said higher-voltage architectures and increased power conversion needs could expand opportunities for Analog and Embedded products.
Personal electronics remained comparatively soft, as customer shortages continued to affect the market. Management still expects the segment to contribute to broader third-quarter growth.
Texas Instruments' Capacity Strategy Supports Long-Term GrowthTXN emphasized that its prior investments in inventory and manufacturing capacity are helping it respond to demand. Ilan said the company’s available clean room space positions it to support growth without the constraints experienced in previous cycles.
The company increased factory loadings from the first to the second quarter and said third-quarter decisions will depend on demand conditions. Management identified the Richardson, Sherman and Lehi facilities as key parts of its expansion strategy.
Capital spending remained focused on long-term capacity needs. CFO Rafael Lizardi said 2026 capital expenditures are expected to remain within the $2-$3 billion range, with spending decisions tied to future demand scenarios.
Texas Instruments Pricing Actions Support Future Growth PathTexas Instruments said pricing was stable during the first half of the year, which management described as better than its typical annual pricing trend. Ilan said the company has started implementing price increases for customers.
Management expects pricing benefits to appear gradually, beginning in the third quarter of fiscal 2026 and extending into future periods, depending on customer discussions and annual pricing cycles.
Analysts also questioned whether the strength in the industrial market was driven by pricing or product value. Management said the second-quarter improvement was primarily driven by secular content growth, inventory normalization and new system demand.
TXN Outlook Reflects Broad-Based Growth Across Key MarketsTXN guided third-quarter revenues to a range of $5.65-$6.15 billion and EPS to $2.23-$2.57. Management expects strength across the industrial, data center, automotive and personal electronics markets.
A JPMorgan analyst asked about automotive momentum and pricing actions. Ilan said demand improved during the second quarter and reflected broader customer needs rather than a single market factor.
A Goldman Sachs analyst asked about inventory and factory utilization. Management said inventory declined sequentially and that available capacity gives TXN the flexibility to respond as demand evolves.
Texas Instruments Closing ViewTexas Instruments maintained that its long-term value creation remains tied to manufacturing strength, technology investments, product breadth and disciplined capital allocation. Management reiterated that free cash flow per share growth remains its key performance objective.
The company reported trailing 12-month free cash flow of $6.5 billion and returned $5.8 billion to shareholders during the same period. Management continued to emphasize balancing capacity investment with shareholder returns.
Texas Instruments Zacks RankTXN carries a Zacks Rank #2 (Buy). The Zacks Rank focuses on earnings estimate revisions and is designed to help identify stocks with stronger potential performance over the next one to three months. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The stock has a Value Score of D, Growth Score of B, Momentum Score of B and VGM Score of C. Zacks Style Scores evaluate value, growth and momentum characteristics, with higher scores indicating stronger attributes within each style category.
The Zacks Rank can change as analysts update earnings estimates following new company information, including developments after the latest quarterly results.
Key Takeaways Texas Instruments' Q2 earnings rose 52% and revenues climbed 23%, topping estimates.Analog revenues grew 26% to $4.37 billion, reflecting stronger demand across key end markets.TXN expects Q3 revenues of $5.65-$6.15 billion and earnings of $2.23-$2.57 per share. Texas Instruments (TXN - Free Report) reported second-quarter 2026 earnings of $2.14 per share, which increased 52% year over year. The bottom line beat the Zacks Consensus Estimate by 12%.
TXN’s earnings surpassed the Zacks Consensus Estimate thrice in the trailing four quarters, while missing once, with an average surprise of 8.3%.
TXN posted revenues of $5.46 billion, which rose 23% from the year-ago quarter. The top line surpassed the consensus mark by 4.6%, driven by strength in industrial, data center and automotive markets.
TXN’s Segment Mix Highlights Broad-Based GrowthTexas Instruments’ second-quarter results reflected strength across its two core operating segments.
Analog revenues came in at $4.37 billion (79.9% of total revenues), which grew 26% from the year-ago quarter, underscoring improving demand conditions across key end markets. The figure came above our model estimate of $4.08 billion.
Embedded Processing revenues totaled $788 million (14.4% of total revenues), reflecting 16.1% year-over-year growth. The figure missed our model estimate of $799.1 million.
The Other segment generated $310 million of revenues (5.7% of total revenues), which declined 2.2% from the prior-year period. The figure missed our model estimate of $328.5 million.
Texas Instruments Expands Operating LeverageTexas Instruments’ gross profit increased 30% year over year to $3.35 billion. Gross margin of 61.4% expanded 350 basis points (bps) year over year.
Selling, general and administrative (SG&A) expenses increased 1% year over year to $490 million. As a percentage of revenues, SG&A expenses contracted 190 bps year over year to 9%.
Research and development expenses increased 1.5% year over year to $535 million. As a percentage of revenues, it decreased 210 bps year over year to 9.8%.
Operating profit rose 47.8% year over year to $2.31 billion. The operating margin was 42.3%, which expanded 710 bps from the prior-year quarter’s number.
TXN Cash Generation Supports Shareholder ReturnsAs of June 30, 2026, the cash and short-term investment balance was $7 billion, up from $5.1 billion as of March 31, 2026.
At the end of the reported quarter, TXN’s long-term debt was $12.903 billion compared with $12.901 billion in the previous quarter.
Texas Instruments generated an operating cash flow of approximately $2.7 billion in the second quarter. During the second quarter, it repurchased stocks worth $27 million and paid $1.295 billion in dividends.
Texas Instruments Initiates Guidance for Q3 2026Management’s outlook calls for third-quarter 2026 revenues in the range of $5.65-$6.15 billion. The Zacks Consensus Estimate for third-quarter revenues is currently pegged at $5.44 billion, indicating an increase of 14.7% from the year-ago quarter.
The company expects an effective tax rate of about 13% in the third quarter.
The company expects earnings per share between $2.23 and $2.57. The consensus mark for the same is pegged at $2.08 per share, indicating an increase of 40.5% from the year-ago quarter.
Zacks Rank and Other Stocks to ConsiderCurrently, TXN carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader Zacks Computer and Technology sector are Analog Devices (ADI - Free Report) , Applied Materials (AMAT - Free Report) and Cisco Systems (CSCO - Free Report) , each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Analog Devices have rallied 69.6% year to date. The Zacks Consensus Estimate for ADI’s fiscal 2026 earnings is pegged at $12.42 per share, down by a penny over the past seven days, indicating an increase of 59.4% year over year.
Shares of Applied Materials have skyrocketed 196.2% year to date. The Zacks Consensus Estimate for AMAT’s fiscal 2026 earnings is pegged at $12.14 per share, up by a penny over the past seven days, indicating a rise of 28.9% year over year.
Cisco Systems shares have surged 63.6% year to date. The Zacks Consensus Estimate for CSCO’s fiscal 2026 earnings is pegged at $4.28 per share, unchanged over the past 30 days, indicating an increase of 12.3% year over year.
Texas Instruments stock fell more than 5% in premarket trading, despite reporting strong quarterly earnings and raising its forward guidance. TXN dropped to $280, leaving the stock more than 16% below its highest level of the year. So, will the pullback continue, or is the stock poised for a rebound?
TXN stock is stuck in a bear market, even after its financial results showed that its business was booming. The recent results showed that Texas Instruments’ revenue jumped by 23% from the same period last year. It made $5.4 billion in revenues, with its net income jumping by 53% to $1.98 billion.
The company’s business is benefiting from the rebound in the industrial and data center industry. Its industrial business soared by 30%, while its data center revenue rose by 20%. The automotive industry revenue rose by mid-teens, while its personal electronics was flat.
Most importantly, the company’s management believes that the growth has more room to run. Its third-quarter revenue is expected to be between $5.65 billion and $6.15 billion, with earnings per share being between $2.23 and $2.57.
Wall Street analysts are also highly bullish on the company, expecting that its revenue to jump by about 20% to $21.12 billion. This growth is expected to hit $23.62 billion next year.
Despite its encouraging growth, there are signs that the company has become highly overvalued, setting a high bar for the management. Its valuation metrics are much higher than other faster-growing companies like Micron, Nvidia, and SanDisk.
Data shows that the company has a forward price-to-earnings ratio of 37, much higher than the sector median of 24. This multiple is also much higher than its five-year average of 27.
The same is shown in other metrics, including the forward EV/EBITDA multiple, which has moved to 13, higher than the five-year average of 9.
More metrics show that the company is not a bargain. The Discounted Free Cash Flow (DCF) calculation by Simply Wall St shows that the company is about 20% overvalued.
Analysts are relatively mixed about the company. MarketBeat data shows that the average estimate is $290, slightly higher than where it is trading today.
Susquehanna’s Christopher Rolland recently boosted the target from $300 to $340. Morgan Stanley’s Joseph Moore maintained an overweight rating, while boosting the target from $221 to $230.
Texas Instruments chart | Source: TradingView
Technicals suggest that the TXN stock formed a double-top pattern at $331 and a neckline at $274, its lowest level on June 9 this year. A double-top pattern is one of the most bearish signs in technical analysis.
The stock has moved below the 23.6% Fibonacci Retracement level of $290. It has also moved below the 50-day Exponential Moving Average (EMA).
Therefore, the most likely Texas Instruments stock forecast is bearish, with the next key target to watch being the 50% retracement point of $242. This target is about 13% below the current level.
READ MORE: Texas Instruments stock highly bullish pattern points to gains after earnings beat
Texas Instruments Inc (NASDAQ:TXN) reported upbeat second-quarter results after the market close on Wednesday.
Texas Instruments reported second-quarter revenue of $5.46 billion, beating analyst estimates of $5.25 billion. The semiconductor company posted second-quarter earnings of $2.14 per share, beating analyst estimates of $1.92 per share, according to Benzinga Pro.
"Our cash flow from operations of $8.7 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300mm production," said Haviv Ilan, chairman, president and CEO of Texas Instruments.
Texas Instruments expects third-quarter revenue to be in the range of $5.65 billion to $6.15 billion versus estimates of $5.61 billion. The company anticipates third-quarter earnings of $2.23 to $2.57 per share versus estimates of $2.15 per share.
Texas Instruments shares fell 5.2% to $278.99 in pre-market trading.
These analysts made changes to their price targets on Texas Instruments following earnings announcement.
Keybanc analyst John Vinh maintained the stock with an Overweight rating and raised the price target from $390 to $400. Evercore ISI Group analyst Mark Lipacis maintained the stock with an Outperform rating and raised the price target from $316 to $330. Considering buying TXN stock? Here’s what analysts think:
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ABN Amro Investment Solutions grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 10.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,988 shares of the semiconductor company’s stock after buying an additional 4,463 shares during the quarter. ABN Amro Investment Solutions’ holdings in Texas Instruments were worth $9,316,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the company. Strategic Wealth Investment Group LLC purchased a new stake in Texas Instruments in the 2nd quarter valued at approximately $25,000. Portus Wealth Advisors LLC acquired a new stake in shares of Texas Instruments in the 1st quarter valued at approximately $27,000. High Point Wealth Management LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $25,000. Advocate Investing Services LLC acquired a new position in Texas Instruments during the fourth quarter worth $25,000. Finally, Scarborough Advisors LLC purchased a new position in Texas Instruments in the first quarter worth $29,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Insider Activity In other Texas Instruments news, VP Mark T. Roberts sold 28,080 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $280.34, for a total value of $7,871,947.20. Following the sale, the vice president directly owned 53,809 shares of the company’s stock, valued at approximately $15,084,815.06. This trade represents a 34.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Mohammad Yunus sold 51,098 shares of Texas Instruments stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $270.44, for a total value of $13,818,943.12. Following the completion of the sale, the vice president owned 52,856 shares of the company’s stock, valued at $14,294,376.64. This trade represents a 49.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 303,475 shares of company stock valued at $85,666,638 in the last three months. Company insiders own 0.60% of the company’s stock.
Texas Instruments Stock Up 1.0% TXN stock opened at $294.19 on Thursday. The stock has a market capitalization of $267.74 billion, a P/E ratio of 50.38, a PEG ratio of 1.49 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.94 and a current ratio of 4.46. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03. The company has a 50 day moving average price of $301.99 and a two-hundred day moving average price of $246.39.
Texas Instruments (NASDAQ:TXN – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The semiconductor company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.23. Texas Instruments had a return on equity of 32.49% and a net margin of 29.11%.The company had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same period in the previous year, the firm posted $1.41 EPS. Texas Instruments’s revenue was up 22.8% on a year-over-year basis. Texas Instruments has set its Q3 2026 guidance at 2.230-2.570 EPS. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 7.69 EPS for the current year.
Texas Instruments Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Friday, July 31st will be given a dividend of $1.42 per share. The ex-dividend date is Friday, July 31st. This represents a $5.68 annualized dividend and a yield of 1.9%. Texas Instruments’s dividend payout ratio is 97.26%.
Key Texas Instruments News Here are the key news stories impacting Texas Instruments this week:
Positive Sentiment: Texas Instruments beat Q2 earnings and revenue estimates, signaling better-than-expected operating performance. Texas Instruments Tops Q2 Earnings and Revenue Estimates Positive Sentiment: Management raised Q3 guidance above Wall Street expectations, which supports the case for an improving demand backdrop in industrial, automotive and AI-related chip markets. Texas Instruments forecasts quarterly revenue above estimates Positive Sentiment: Revenue, profit and EPS all increased year over year, showing a healthier operating trend versus the same quarter last year. Texas Instruments Posts Higher Second-Quarter Profit, Revenue as Sales Increase Neutral Sentiment: Despite the solid report, TXN weakened in after-hours trading as investors likely focused on valuation and whether the improvement is durable. Conference Call and Press Release Wall Street Analyst Weigh In TXN has been the topic of several research reports. Robert W. Baird upped their target price on Texas Instruments from $225.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. KeyCorp lifted their price target on Texas Instruments from $325.00 to $390.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. boosted their price objective on shares of Texas Instruments from $227.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group increased their price objective on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “sell” rating in a research note on Thursday, April 23rd. Finally, Wolfe Research restated an “outperform” rating and set a $315.00 target price on shares of Texas Instruments in a report on Thursday, April 23rd. Thirteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $290.75.
Read Our Latest Research Report on Texas Instruments
Texas Instruments Profile (Free Report)
Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.
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Texas Instruments shares were falling while STMicroelectronics stock was diving on Thursday, after both makers of analog semiconductors struggled to meet heightened expectations after reporting strong demand in the second quarter.
A Boring Dividend Growth Strategy Becomes a Solid Defensive PlayTexas Instruments NASDAQ: TXN reported stronger-than-expected second-quarter 2026 results, with management citing broadening demand across industrial, data center and automotive markets, along with benefits from prior investments in inventory and manufacturing capacity.
Chief Executive Officer Haviv Ilan said revenue for the quarter was $5.5 billion, up 13% sequentially and 23% from a year earlier. Revenue came in above the company’s prior range as industrial and data center demand continued to grow and automotive demand accelerated during the quarter.
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AI’s Biggest Bottleneck Could Make These 2 Stocks Soar“Our investments in inventory and capacity are serving us well, which allows us to support our customers during this time of increased demand,” Ilan said. He added that Texas Instruments has clean room space available and is positioned to support continued growth.
Industrial, Data Center and Automotive Drive Growth Ilan said both Analog and Embedded Processing grew sequentially and year over year. Analog revenue rose 26% from the year-ago quarter, while Embedded Processing increased 16%. The company’s other segment declined 2% year over year.
AI Is Reviving an Overlooked Chip Category—and These 3 Names Are Riding the Demand WaveBy end market, Ilan said industrial revenue increased about 30% year over year and roughly 10% sequentially, with broad growth across sectors and regions. Automotive revenue increased in the mid-teens from a year earlier and rose in the upper single digits from the prior quarter. Data center revenue doubled year over year and grew about 20% sequentially.
Personal electronics was flat year over year and grew in the upper single digits sequentially, while communications equipment increased both year over year and sequentially.
During the question-and-answer portion of the call, Ilan said demand is now broader than in recent quarters, when strength was concentrated in industrial and data center. He said automotive demand built during the second quarter, led by China and by demand tied to electric vehicles and hybrids. He also said some automotive customers had reduced inventories to very low levels.
“I think we are in the start of a cycle that is very broad,” Ilan said.
Profitability Improves; Free Cash Flow Rises Chief Financial Officer Rafael Lizardi said gross profit was $3.4 billion, or 61% of revenue, with gross margin increasing 340 basis points sequentially. Operating expenses were $1 billion, about in line with expectations. Operating profit was $2.3 billion, or 42% of revenue, up 48% from the year-ago quarter.
Net income was $2 billion, or $2.14 per share. Lizardi said earnings per share included a $0.05 benefit from discrete tax items that was not included in the company’s original guidance.
Cash flow from operations was $2.7 billion in the quarter and $8.7 billion over the trailing 12 months. Capital expenditures were $514 million in the quarter and $3.3 billion over the past 12 months. Trailing 12-month free cash flow was $6.5 billion, up from $1.8 billion in the second quarter of 2025.
Lizardi said free cash flow over the past 12 months included $1.6 billion of CHIPS Act incentives, consisting of investment tax credits and direct funding. Texas Instruments received $549 million of ITC-related payments in the second quarter for qualifying capital expenditures.
The company paid $1.3 billion in dividends during the quarter and returned $5.8 billion to shareholders over the past 12 months. Texas Instruments ended the quarter with $7 billion in cash and short-term investments and $14 billion in total debt, with a weighted average coupon of 4%.
Inventory at quarter-end was $4.6 billion, down $90 million from the prior quarter. Days of inventory were 196, down 13 days sequentially.
Third-Quarter Guidance Points to Continued Momentum For the third quarter of 2026, Texas Instruments expects revenue of $5.65 billion to $6.15 billion and earnings per share of $2.23 to $2.57. The company expects its effective tax rate to be about 13% in the quarter.
Asked about the demand outlook, Ilan said he expects strength across markets in the third quarter. He noted that personal electronics typically contributes meaningfully to third-quarter growth, but said the current outlook is broader, with industrial, data center and automotive also expected to contribute.
Ilan also said the company has begun executing price increases after pricing remained flat in the first half of the year. He said some increases will begin to affect results in the third quarter, with additional impact expected in the fourth quarter and into next year, depending on annual customer pricing discussions.
“If I think about the forecast for Q3, the vast majority of it is just unit growth and maybe a little contribution from pricing, but almost insignificant,” Ilan said.
Capacity and Lead Times Remain Key Focus Areas Management emphasized that Texas Instruments is better positioned on capacity than in the prior cycle. Incoming CFO Julie Knecht said factory loadings increased from the first quarter to the second quarter and continued to rise throughout the second quarter. She said third-quarter loadings will depend on demand, but the company has clean room space available that it can equip and ramp.
Ilan said Texas Instruments has clean room capacity in Richardson and Sherman, as well as capacity plans tied to Lehi. He said the company is “in great shape” for Analog growth into its existing manufacturing footprint and that Lehi 2 will support Embedded Processing growth.
On lead times, Ilan said they remain competitive, though they have moved slightly higher as demand has increased. He said lead times were below the company’s core 13-week level in the second quarter but have risen by a couple of weeks.
“When I talk with customers, I do believe our lead times are the most competitive in the market,” Ilan said.
CFO Transition and Acquisition Update The call also marked Lizardi’s final earnings call as CFO. Head of Investor Relations Mike Beckman said Lizardi plans to retire at the end of August after nearly a decade as finance chief. Julie Knecht, who has been with Texas Instruments for more than 25 years and has served as chief accounting officer since 2021, will become CFO on August 1.
Lizardi said it had been an honor to work at Texas Instruments for 25 years and to serve as CFO for the past decade. “Over that time, we have made TI stronger and positioned it for continued success,” he said.
Management also provided a brief update on the pending Silicon Labs transaction. Knecht said regulatory approvals are moving as planned and that Texas Instruments still expects the deal to close in the first half of next year. She said the company continues to expect to fund the transaction with cash on hand and debt.
About Texas Instruments (NASDAQ:TXN)Texas Instruments Inc NASDAQ: TXN is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company's products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI's business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI's product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Texas Instruments (TXN - Free Report) came out with quarterly earnings of $2.14 per share, beating the Zacks Consensus Estimate of $1.91 per share. This compares to earnings of $1.41 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +12.04%. A quarter ago, it was expected that this chipmaker would post earnings of $1.37 per share when it actually produced earnings of $1.68, delivering a surprise of +22.63%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Texas Instruments, which belongs to the Zacks Semiconductor - General industry, posted revenues of $5.46 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.57%. This compares to year-ago revenues of $4.45 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Texas Instruments shares have added about 67.9% since the beginning of the year versus the S&P 500's gain of 9.7%.
What's Next for Texas Instruments?While Texas Instruments has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Texas Instruments was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.08 on $5.44 billion in revenues for the coming quarter and $7.69 on $20.6 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Semiconductor - General is currently in the top 3% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Intel (INTC - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 23.
This world's largest chipmaker is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of +310%. The consensus EPS estimate for the quarter has been revised 2.8% higher over the last 30 days to the current level.
Intel's revenues are expected to be $14.41 billion, up 12.1% from the year-ago quarter.
For the quarter ended June 2026, Texas Instruments (TXN - Free Report) reported revenue of $5.46 billion, up 22.8% over the same period last year. EPS came in at $2.14, compared to $1.41 in the year-ago quarter.
The reported revenue represents a surprise of +4.57% over the Zacks Consensus Estimate of $5.22 billion. With the consensus EPS estimate being $1.91, the EPS surprise was +12.04%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Texas Instruments performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Other: $310 million versus $259.07 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -2.2% change.Revenue- Embedded Processing: $788 million versus the six-analyst average estimate of $756.15 million. The reported number represents a year-over-year change of +16.1%.Revenue- Analog: $4.37 billion versus $4.12 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +26.5% change.Operating Profit- Analog: $1.99 billion compared to the $1.78 billion average estimate based on two analysts.Operating Profit- Other: $150 million versus $127 million estimated by two analysts on average.Operating Profit- Embedded Processing: $168 million versus the two-analyst average estimate of $135.01 million.View all Key Company Metrics for Texas Instruments here>>>
Shares of Texas Instruments have returned -4.3% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Conference call at 3:30 p.m. Central time today on ti.com/ir
, /PRNewswire/ -- Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported second quarter revenue of $5.46 billion, net income of $1.98 billion and earnings per share of $2.14. Earnings per share included a 5-cent benefit that was not in the company's original guidance.
Regarding the company's performance and returns to shareholders, Haviv Ilan, TI's chairman, president and CEO, made the following comments:
"Revenue increased 13% sequentially and 23% from the same quarter a year ago with broad growth led by industrial, data center and automotive. "Our cash flow from operations of $8.7 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300mm production. Free cash flow for the same period was $6.5 billion. "Over the past 12 months we invested $3.9 billion in R&D and SG&A, invested $3.3 billion in capital expenditures and returned $5.8 billion to owners. "TI's third quarter outlook is for revenue in the range of $5.65 billion to $6.15 billion and earnings per share between $2.23 and $2.57." Free cash flow, a non-GAAP financial measure, is cash flow from operations less capital expenditures, plus proceeds from U.S. CHIPS and Science Act (CHIPS Act) incentives.
Earnings summary
(In millions, except per-share amounts)
Q2 2026
Q2 2025
Change
Revenue
$
5,463
$
4,448
23 %
Operating profit
$
2,310
$
1,563
48 %
Net income
$
1,980
$
1,295
53 %
Earnings per share
$
2.14
$
1.41
52 %
Cash generation
Trailing 12 Months
(In millions)
Q2 2026
Q2 2026
Q2 2025
Change
Cash flow from operations
$
2,703
$
8,667
$
6,439
35 %
Free cash flow
$
2,738
$
6,534
$
1,763
271 %
Free cash flow % of revenue
33.6 %
10.6 %
Cash return
Trailing 12 Months
(In millions)
Q2 2026
Q2 2026
Q2 2025
Change
Dividends paid
$
1,295
$
5,112
$
4,900
4 %
Stock repurchases
$
27
$
707
$
1,810
(61) %
Total cash returned
$
1,322
$
5,819
$
6,710
(13) %
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
Consolidated Statements of Income
For Three Months Ended
June 30,
(In millions, except per-share amounts)
2026
2025
Revenue
$
5,463
$
4,448
Cost of revenue (COR)
2,111
1,873
Gross profit
3,352
2,575
Research and development (R&D)
535
527
Selling, general and administrative (SG&A)
490
485
Acquisition charges
17
—
Operating profit
2,310
1,563
Other income (expense), net (OI&E)
69
48
Interest and debt expense
141
133
Income before income taxes
2,238
1,478
Provision for income taxes
258
183
Net income
$
1,980
$
1,295
Diluted earnings per common share
$
2.14
$
1.41
Average shares outstanding:
Basic
912
908
Diluted
920
912
Cash dividends declared per common share
$
1.42
$
1.36
Supplemental Information
(Quarterly, except as noted)
Provision for income taxes is based on the following:
Operating taxes (calculated using the estimated annual effective tax rate)
$
309
$
199
Discrete tax items
(51)
(16)
Provision for income taxes (effective taxes)
$
258
$
183
A portion of net income is allocated to unvested restricted stock units (RSUs) on which we pay dividend equivalents. Diluted
EPS is calculated using the following:
Net income
$
1,980
$
1,295
Income allocated to RSUs
(11)
(7)
Income allocated to common stock for diluted EPS
$
1,969
$
1,288
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
Consolidated Balance Sheets
June 30,
(In millions, except par value)
2026
2025
Assets
Current assets:
Cash and cash equivalents
$
3,660
$
3,044
Short-term investments
3,341
2,315
Accounts receivable, net of allowances of ($22) and ($24)
Common stock, $1 par value. Shares authorized – 2,400; shares issued – 1,741
1,741
1,741
Paid-in capital
5,129
4,245
Retained earnings
53,161
52,249
Treasury common stock at cost
Shares: June 30, 2026 – 828; June 30, 2025 – 832
(41,941)
(41,676)
Accumulated other comprehensive income (loss), net of taxes (AOCI)
(83)
(156)
Total stockholders' equity
18,007
16,403
Total liabilities and stockholders' equity
$
35,882
$
34,933
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
Consolidated Statements of Cash Flows
For Three Months Ended
June 30,
(In millions)
2026
2025
Cash flows from operating activities
Net income
$
1,980
$
1,295
Adjustments to net income:
Depreciation
547
460
Amortization of capitalized software
21
21
Stock compensation
127
129
Gains on sales of assets
(8)
—
Deferred taxes
(62)
(50)
Increase (decrease) from changes in:
Accounts receivable
(275)
(74)
Inventories
90
(125)
Prepaid expenses and other current assets
2
(9)
Accounts payable and accrued expenses
101
92
Accrued compensation
142
172
Income taxes payable
(14)
(71)
Changes in funded status of retirement plans
3
(18)
Other
49
38
Cash flows from operating activities
2,703
1,860
Cash flows from investing activities
Capital expenditures
(514)
(1,305)
Proceeds from CHIPS Act incentives
549
—
Proceeds from asset sales
32
—
Purchases of short-term investments
(2,407)
(1,192)
Proceeds from short-term investments
636
1,131
Other
2
31
Cash flows from investing activities
(1,702)
(1,335)
Cash flows from financing activities
Proceeds from issuance of long-term debt
—
1,199
Dividends paid
(1,295)
(1,235)
Stock repurchases
(27)
(302)
Proceeds from common stock transactions
445
115
Other
(13)
(21)
Cash flows from financing activities
(890)
(244)
Net change in cash and cash equivalents
111
281
Cash and cash equivalents at beginning of period
3,549
2,763
Cash and cash equivalents at end of period
$
3,660
$
3,044
Supplemental cash flow information
Investment tax credit (ITC) used to reduce income taxes payable
$
301
$
203
Proceeds from CHIPS Act incentives
549
—
Total cash benefit related to the CHIPS Act
$
850
$
203
Segment results
(In millions)
Q2 2026
Q2 2025
Change
Analog:
Revenue
$
4,365
$
3,452
26 %
Operating profit
$
1,992
$
1,325
50 %
Embedded Processing:
Revenue
$
788
$
679
16 %
Operating profit
$
168
$
85
98 %
Other:
Revenue
$
310
$
317
(2) %
Operating profit *
$
150
$
153
(2) %
* Includes Acquisition charges
Non-GAAP financial information
This release includes references to free cash flow and ratios based on that measure. These are financial measures that were not prepared in accordance with GAAP. Free cash flow is calculated as cash flows from operating activities (also referred to as cash flow from operations) less capital expenditures, plus proceeds from CHIPS Act incentives.
We believe that free cash flow and the associated ratios provide insight into our liquidity, our cash-generating capability and the amount of cash potentially available to return to shareholders, as well as insight into our financial performance. These non-GAAP measures are supplemental to the comparable GAAP measures.
Reconciliation to the most directly comparable GAAP measures is provided in the table below.
For Three
Months
Ended
June 30,
For 12
Months
Ended
June 30,
(In millions)
2026
2026
2025
Change
Cash flow from operations (GAAP) *
$
2,703
$
8,667
$
6,439
35 %
Capital expenditures
(514)
(3,312)
(4,936)
Proceeds from CHIPS Act incentives
549
1,179
260
Free cash flow (non-GAAP)
$
2,738
$
6,534
$
1,763
271 %
Revenue
$
19,453
$
16,675
Cash flow from operations as a percentage of revenue (GAAP)
44.6 %
38.6 %
Free cash flow as a percentage of revenue (non-GAAP)
33.6 %
10.6 %
* Includes cash benefits of $301 million, $433 million and $479 million from the CHIPS Act ITC used to reduce income taxes payable for the three
months ended June 30, 2026, and the twelve months ended June 30, 2026 and 2025, respectively.
This release also includes references to operating taxes, a non-GAAP term we use to describe taxes calculated using the estimated annual effective tax rate, a GAAP measure that by definition does not include discrete tax items. We believe the term operating taxes helps to differentiate from effective taxes, which include discrete tax items.
Notice regarding forward-looking statements
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as TI or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe TI's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
We urge you to carefully consider the following important factors that could cause actual results to differ materially from the expectations of TI or our management:
Economic, social and political conditions, and natural events in the countries in which we, our customers or our suppliers operate, including global trade policies; Our ability to compete in products and prices in an intensely competitive industry; Market demand for semiconductors, particularly in the industrial and automotive markets, and customer demand that differs from forecasts; Losses or curtailments of purchases from key customers or the timing and amount of customer inventory adjustments; Evolving cybersecurity and other threats relating to our information technology systems or those of our customers, suppliers and other third parties; Our ability to successfully implement and realize opportunities from strategic, business and organizational changes, or our ability to realize our expectations regarding the amount and timing of associated restructuring charges and cost savings; Our ability to develop, manufacture and market innovative products in a rapidly changing technological environment, our timely implementation of new manufacturing technologies and installation of manufacturing equipment, and our ability to realize expected returns on significant investments in manufacturing capacity; Availability and cost of key materials, utilities, manufacturing equipment, third-party manufacturing services and manufacturing technology; Our ability to retain, train and recruit skilled personnel and effectively manage key employee succession; Product liability, warranty or other claims relating to our products, software, manufacturing, delivery, services, design or communications, or recalls by our customers for a product containing one of our parts; Financial difficulties of our distributors or semiconductor distributors' promotion of competing product lines to our detriment; or disputes with current or former distributors; Our ability to maintain or improve profit margins, including our ability to utilize our manufacturing facilities at sufficient levels to cover our fixed operating costs, in an intensely competitive and cyclical industry and changing regulatory environment; Compliance with or changes in the complex laws, rules and regulations to which we are or may become subject, or actions of enforcement authorities, that restrict our ability to operate our business or subject us to fines, penalties or other legal liability; Changes in tax law and accounting standards that impact the tax rate applicable to us, the jurisdictions in which profits are determined to be earned and taxed, adverse resolution of tax audits, increases in tariff rates, and the ability to realize deferred tax assets; Our ability to maintain and enforce a strong intellectual property portfolio and maintain freedom of operation in all jurisdictions where we conduct business; or our exposure to infringement claims; Our ability to make principal and interest payments on our debt when due; Instability in the global credit and financial markets; and Impairments of our non-financial assets. For a more detailed discussion of these factors, see the Risk factors discussion in Item 1A of TI's most recent Form 10-K. The forward-looking statements included in this release are made only as of the date of this release, and we undertake no obligation to update the forward-looking statements to reflect subsequent events or circumstances. If we do update any forward-looking statement, you should not infer that we will make additional updates with respect to that statement or any other forward-looking statement.
About Texas Instruments
Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures and sells analog and embedded processing chips for markets such as industrial, automotive, data center, personal electronics and communications equipment. At our core, we have a passion to create a better world by making electronics more affordable through semiconductors. This passion is alive today as each generation of innovation builds upon the last to make our technology more reliable, more affordable and lower power, making it possible for semiconductors to go into electronics everywhere. Learn more at TI.com.
A Texas Instruments logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
July 22 (Reuters) - Texas Instruments (TXN.O), opens new tab forecast quarterly revenue above analysts' estimate on Wednesday, signaling a recovery in industrial chip demand and growing momentum for its AI data center chips.
While TI does not make the high-performance AI processors such as those from Nvidia, it produces analog chips that manage power and convert real-world inputs such as sound, light and temperature into digital signals for other semiconductors to process.
The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.
Tech companies have been investing aggressively in AI, pouring money into data-center construction and the chips needed to support the infrastructure.
The analog chipmaker expects third-quarter revenue to be between $5.65 billion to $6.15 billion, compared with analysts' average estimate of $5.61 billion, according to data compiled by LSEG.
TI reported second-quarter revenue of $5.46 billion, up 23%, beating the estimate of $5.25 billion.
Reporting by Anhata Rooprai in Bengaluru; Editing by Shilpi Majumdar
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Texas Instruments Incorporated (NASDAQ:TXN) will release its second quarter earnings report after the closing bell on Wednesday, July 22.
Analysts expect the Dallas, Texas-based company to report quarterly earnings of $1.92 per share, up from $1.41 per share in the year-ago period. The consensus estimate for Texas Instruments’ quarterly revenue is $5.24 billion. It reported $4.45 billion last year, according to Benzinga Pro.
On July 16, the company’s board of directors declared a quarterly cash dividend of $1.42 per share.
Texas Instruments shares rose 2.6% to close at $291.30 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
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Kim Forrest talks about Texas Instruments (TXN) as the company reports earnings Wednesday after the closing bell. She says the earnings from General Motors (GM) serves as a bullish indicator for Texas Instruments and shares her expectations for the report.
Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF) advanced its diabetic foot infection treatment toward commercialisation during the June quarter, securing approval to expand an Australian study into a pivotal Phase 3 trial while progressing a proposed 10-year licensing agreement across the Middle East and North Africa.
The synthetic anti-infective developer also completed a successful regulatory inspection of its Indonesian Phase 3 trial site, raised A$4 million through an institutional placement and reported a pro-forma cash position of about A$33.1 million.
MENA licensing opportunity Recce signed a non-binding term sheet with a publicly listed Middle Eastern pharmaceutical company that has a multi-billion-dollar market capitalisation and a distribution network spanning more than 30 international markets.
The proposed agreement would grant the partner exclusive rights to register, market and distribute RECCE® 327 Topical Gel, or R327G, for diabetic foot infections across Saudi Arabia, the Gulf Cooperation Council countries, Egypt, Algeria and Morocco.
Under the proposed commercial terms, Recce could receive an upfront fee and milestone payments totalling up to US$3.5 million, equivalent to around A$5 million.
It would also receive 30% of the net selling price, plus an additional 6% royalty on annual net sales above US$50 million. The proposed treatment price is US$1,500, subject to agreement with Saudi Arabia’s regulator.
The parties are targeting completion of a definitive agreement during the December 2026 quarter, subject to due diligence, negotiations and customary approvals.
Australian study elevated to Phase 3 The Human Research Ethics Committee approved a protocol amendment that advances Recce’s Australian R327G diabetic foot infection study from Phase 2 into a pivotal Phase 3 clinical trial.
The revised study can enrol up to 200 patients and has so far treated 18 participants. Interim analysis is planned after half the enrolled patients complete treatment, with full recruitment expected by the end of 2027.
Eligibility has been broadened to include moderate as well as mild diabetic foot infections, expanding the available patient population. The study will be conducted to Australian Therapeutic Goods Administration and US Food and Drug Administration standards.
Indonesian trial passes inspection Indonesia’s National Agency of Drug and Food Control completed a comprehensive inspection of a Phase 3 clinical trial site without identifying any findings that would prevent the study from continuing.
The review examined trial conduct, site processes, data integrity and compliance with Good Clinical Practice requirements.
Patient dosing remains underway, with an interim data readout expected after 155 of the planned 310 patients have been enrolled. Recce anticipates potential Indonesian regulatory approval during calendar 2026.
Funding clinical and commercial milestones Recce raised A$4 million before costs through the issue of 10 million shares at A$0.40 each and subsequently launched a share purchase plan targeting up to a further A$4 million.
The company also received an A$3.67 million tax refund after quarter-end, primarily comprising its FY2025 research and development tax incentive.
Recce ended the quarter with A$2.9 million in cash before the expected rebate and recorded net operating cash outflows of A$2.2 million, including A$1.6 million directed toward research and development.
Its pro-forma cash position of about A$33.1 million includes capital-raising proceeds and the potential drawdown of available debt funding, subject to conditions.
Terrain Minerals Ltd (ASX:TMX, OTC:TMXAF, FRA:T4Y) advanced its flagship Smokebush Gold and Silver Project toward a maiden mineral resource estimate during the June 2026 quarter, supported by high-grade drilling results, completed technical studies and new exploration targets across its Western Australian portfolio.
At the Lightning prospect, Terrain completed 29 reverse circulation holes for 5,309 metres, testing extensions to the known gold system along strike and at depth.
Standout intersections included 8 metres at 6.87 g/t gold from 76 metres, including 5 metres at 10.06 g/t, and 7 metres at 7.08 g/t from 217 metres, including 1 metre at 21.80 g/t.
Other results included 5 metres at 3.26 g/t gold from 196 metres and 11 metres at 2.61 g/t from 86 metres.
The drilling confirmed continuity across the Lightning and Monza structures and indicated the possible emergence of a third mineralised zone, providing further targets for follow-up drilling.
Lightning resource work nears completion Terrain also completed four diamond holes for 671 metres, comprising 340 metres of RC pre-collars and 331 metres of diamond tails.
The program delivered density measurements and structural data required for the planned maiden “starter” mineral resource estimate at Lightning.
Diamond drilling returned a high-grade intercept of 3.4 metres at 4.96 g/t gold from 213.6 metres, including 1 metre at 10.93 g/t, supporting the continuity of mineralisation at depth.
Metallurgical test work commenced during the quarter, with early geological assessment indicating the gold is unlikely to be refractory and may be suited to a conventional processing route.
Terrain also completed flora and fauna surveys, a differential GPS survey and topographic drone work, while submitting an application for a roughly seven-kilometre haul road connecting the mining lease with the Warriedar Coppermine Road.
The company said mining studies would begin alongside continued exploration following completion of the initial resource estimate.
Wildflower drilling supports emerging gold camp First-pass drilling at the nearby Wildflower area intersected gold across the Wildflower, T16 and Cota targets.
Terrain drilled 13 RC holes for 2,276 metres, with gold recorded in eight holes.
Key results included 1 metre at 6.05 g/t gold from 171 metres at Wildflower and 1 metre at 4.38 g/t gold with 20.34 g/t silver from 140 metres at Cota.
The strongest intersections were generally encountered below 130 metres, mirroring the depth profile observed at Lightning.
Terrain said the results supported its induced polarisation targeting strategy and strengthened the potential for multiple deposits associated with the Mt Mulgine intrusive system.
The company also expanded an IP survey over the granted Lightning mining lease to test the Hurley, Paradise City and T17 prospects for repetitions of Lightning-style mineralisation.
Rare earth and gold targets broaden portfolio Subsequent to quarter-end, Terrain reported results from a 35-hole aircore campaign at the Lort River Rare Earth Elements Project near Esperance.
Rare earth mineralisation was identified in 25 holes, led by 8 metres at 3,349 ppm total rare earth oxides from 27 metres, including 6 metres at 4,230 ppm and a peak three-metre composite of 5,568 ppm.
The higher-grade zone contained a strong heavy rare earth component, including dysprosium and terbium, while several holes ended in mineralisation.
Terrain is progressing single-metre assays and evaluating deeper reverse circulation drilling to support future resource definition.
At the Carlindie Project near Port Hedland, a first-pass soil program defined a coherent gold-pathfinder anomaly measuring about 4 kilometres by 3 kilometres.
The anomaly coincides with a concealed greenstone target independently identified through machine-learning-assisted bedrock mapping.
Terrain plans field reconnaissance around a high-intensity bismuth-tungsten feature, followed by a CSIRO UltraFine+ soil program from August 2026.
Placement supports exploration programs Terrain completed a A$1.5 million placement during the quarter through the issue of about 375 million shares at A$0.004 each.
Funds have been directed toward the Lightning resource and mining studies, further work at Lort River and Carlindie, and general working capital.
The company finished the quarter with A$1.39 million in cash after spending A$868,000 on exploration and evaluation activities.
About Terrain Minerals Terrain Minerals is an exploration company with projects across Western Australia and Queensland.
Its principal focus is the 100%-owned Smokebush Gold and Silver Project in the Murchison region of Western Australia, where Lightning is the company’s most advanced target and Wildflower provides additional district-scale exploration potential.
Terrain’s wider portfolio includes the Larin’s Lane gallium and rare earth project, the Lort River rare earth project, the Carlindie lithium and gold project and the Biloela gold and copper project in Queensland.
Silver Mines Ltd (ASX:SVL, OTC:SLVMF, FRA:SWQ) has completed a definitive feasibility study (DFS) for the Bowdens Silver Project in New South Wales, outlining a potential 26-year operation with a pre-tax net present value of A$1.04 billion and silver reserves of 93.5 million ounces.
The updated ore reserve stands at 47.9 million tonnes grading 60.8 g/t silver, 0.36% zinc and 0.26% lead, representing a 30% increase in contained silver and a 46% rise in reserve tonnes compared with the previous estimate.
Silver is expected to generate around 91% of project revenue, reinforcing Bowdens’ position as one of the world’s largest undeveloped, silver-dominant projects.
Strong project returns The staged development plan carries an estimated initial capital cost of A$455 million.
Using a silver price of US$45 per ounce and an Australian-US dollar exchange rate of 0.70, the full life-of-mine plan is forecast to generate a pre-tax operating margin of A$2.39 billion and an undiscounted pre-tax operating surplus of A$1.94 billion.
The project has a forecast pre-tax internal rate of return of 31.5% and a three-year payback period from the start of production.
At the spot assumptions used in the study — US$61 per ounce silver and an exchange rate of 0.69 — the pre-tax NPV increases to A$2.01 billion and the operating margin rises to A$4.04 billion.
Staged development at Bowdens Stage 1 would process 29.9 million tonnes grading 68 g/t silver for 65.4 million ounces over approximately 16 years, with a low waste-to-ore strip ratio of 1.47:1.
During the first five years, average silver production is forecast at 4.7 million ounces annually, with all-in sustaining costs of A$20.47 per ounce, or US$14.33 per ounce.
A proposed second stage would process a further 18.3 million tonnes and extend the potential operating life to 26 years. The additional filtered tailings infrastructure required for Stage 2 has currently been assessed to pre-feasibility study level.
Across the full mine plan, payable production is estimated at 73.2 million ounces of silver, alongside 46,000 tonnes of zinc and 84,000 tonnes of lead.
Approvals remain the priority Immediate focus remains securing development consent from the NSW Government and Independent Planning Commission.
Following consent, Silver Mines will progress the remaining federal environmental permit and state mining lease approvals.
Advanced engineering work relating to the front-end engineering and design process will also begin, while Silver Mines reviews its biodiversity offset strategy and continues discussions with potential project funding partners.
Managing director Jo Battershill said the DFS marked a significant milestone and demonstrated the project’s potential to deliver long-term employment, government revenue and shareholder returns.
“The completion of the Bowdens DFS is a significant milestone for the company and its shareholders. The Board of Silver Mines would like to extend its appreciation to both the shareholder base for its ongoing patience, and the site team for completing this extensive package of works – while facing significant distractions related to the approval process.
“With the Project’s consent now in the hands of the NSW government and Independent Planning Commission, it is important to focus on the economic benefits that the BSP can bring to the community and investors alike. With the regional coal industry under pressure from decarbonisation of the economy, the benefits of this project to the local community are increasingly important.
“With a potential mine life now anticipated to be more than 25 years, the BSP is expected to deliver generational employment opportunities for more than 200 locals at steady state operations, hand-in-hand with strong financial returns to the state government from taxes and royalties, the local council through the voluntary planning agreement and investors alike.
“We very much look forward to progressing the BSP through into the FEED process and subsequent development.”
About Silver Mines Silver Mines is focused on developing the Bowdens Silver Project, around 26 kilometres east of Mudgee in central New South Wales.
Bowdens is Australia’s largest undeveloped silver deposit and sits within a 2,115-square-kilometre tenement package covering around 80 kilometres of the mineralised Rylstone Volcanics.
The broader district is prospective for further silver-lead-zinc, volcanogenic massive sulphide and copper-gold mineralisation.
H&P Research has assigned Tamboran Resources Corporation (NYSE:TBN, ASX:TBN, OTC:TBNRL, FRA:O8R) a risked valuation implying 113% upside, concluding that the company’s record stimulation campaign in the Beetaloo Basin has materially reduced execution risk ahead of first gas.
The research house maintained its risked net asset valuation of US$67 per Tamboran US-listed share, equivalent to A$0.47 per ASX-listed CDI and more than double the prevailing market price.
The research house concluded that Tamboran’s record Beetaloo Basin stimulation campaign had materially reduced execution risk, while first gas, lower well costs and a potential Orion farm-out could provide further catalysts during the second half of 2026.
H&P derived an unrisked valuation of more than US$7.1 billion, or US$196 per share, and a risked valuation of about US$2.4 billion. The assessment includes Tamboran’s initial pilot development, the larger Orion project, EP 161 and its interest in the Beetaloo Central Development Area.
Record campaign reduces development risk The positive conclusion followed Tamboran’s completion of stimulation, cleanout and completion activities at the Shenandoah South 3H, 4H and 5H wells in the Northern Pilot Area.
Liberty Energy placed 178 fracture stages across around 30,000 feet of horizontal well length, making it the largest stimulation campaign completed in the Beetaloo Basin.
The program averaged 6.7 stages per day and established basin records of 12 stages in a single day and more than 20 hours of pumping operations per day.
H&P said the performance was comparable with mature US shale regions and demonstrated that the repeatable “manufacturing” model used to reduce costs in North America could be applied in the Beetaloo.
First gas remains key catalyst The three wells will now be connected to the Sturt Plateau Compression Facility, where construction is nearing completion within its A$141 million gross budget.
Commissioning is expected to begin shortly, keeping first gas sales to the Northern Territory Government on track for the September quarter of 2026.
The APA-owned pipeline connecting the facility to the Amadeus Gas Pipeline and the Northern Territory market has already been built and is undergoing final commissioning.
Tamboran has also started drilling the Shenandoah South 7H, 8H and 9H backfill wells, which are expected to be stimulated during the second half and connected as required to maintain plateau production.
Local sand could lower well costs The completed campaign included the first use of locally sourced “Beetaloo Red” sand across 10 stages of the SS-4H well.
H&P estimates that successful adoption of local proppant could reduce costs by around US$4 million for each 10,000-foot well by cutting transport and logistics expenses.
The firm said the sand trial, combined with the operational records achieved during stimulation, marked the beginning of Tamboran’s cost-reduction strategy.
About Tamboran Resources Tamboran Resources is developing natural gas assets across the Beetaloo Sub-basin in Australia’s Northern Territory.
Following its acquisition of Falcon Oil & Gas subsidiaries in May 2026, Tamboran increased its Beetaloo position to around 2.9 million net acres and lifted its interests in the Northern Pilot Area to 44% and Orion to 78%.
H&P said Tamboran was funded through 2028 and entered potential Orion farm-out negotiations from a stronger position following the successful stimulation campaign and external validation of Beetaloo acreage values.
Andra AP fonden lowered its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 50.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 126,686 shares of the semiconductor company’s stock after selling 130,514 shares during the quarter. Andra AP fonden’s holdings in Texas Instruments were worth $24,595,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Swiss Life Asset Management Ltd boosted its stake in Texas Instruments by 10.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 555,199 shares of the semiconductor company’s stock worth $96,321,000 after buying an additional 50,808 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Texas Instruments in the 4th quarter worth $640,000. K.J. Harrison & Partners Inc purchased a new position in shares of Texas Instruments during the 4th quarter worth $1,735,000. Thrivent Financial for Lutherans raised its holdings in shares of Texas Instruments by 126.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 150,454 shares of the semiconductor company’s stock worth $26,114,000 after acquiring an additional 83,884 shares during the period. Finally, RNC Capital Management LLC acquired a new position in shares of Texas Instruments during the 4th quarter valued at about $2,751,000. 84.99% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth Several equities research analysts recently issued reports on TXN shares. Mizuho raised their price objective on shares of Texas Instruments from $255.00 to $300.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 19th. Robert W. Baird raised their price target on shares of Texas Instruments from $225.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. KeyCorp lifted their price target on shares of Texas Instruments from $325.00 to $390.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. increased their price objective on Texas Instruments from $227.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Finally, Citigroup reissued a “buy” rating on shares of Texas Instruments in a research note on Tuesday, July 14th. Thirteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $283.84.
View Our Latest Report on TXN
Texas Instruments Price Performance Texas Instruments stock opened at $284.07 on Tuesday. The company’s 50 day simple moving average is $302.31 and its 200-day simple moving average is $244.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.94 and a current ratio of 4.46. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03. The company has a market capitalization of $258.53 billion, a price-to-earnings ratio of 48.64, a price-to-earnings-growth ratio of 1.42 and a beta of 1.32.
Texas Instruments (NASDAQ:TXN – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.31. Texas Instruments had a net margin of 29.11% and a return on equity of 32.49%. The firm had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter last year, the company posted $1.23 EPS. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. Texas Instruments has set its Q2 2026 guidance at 1.770-2.050 EPS. As a group, equities research analysts expect that Texas Instruments Incorporated will post 7.7 earnings per share for the current year.
Texas Instruments Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st will be paid a $1.42 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.0%. Texas Instruments’s payout ratio is presently 97.26%.
Insiders Place Their Bets In other Texas Instruments news, CFO Rafael R. Lizardi sold 47,734 shares of Texas Instruments stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $308.10, for a total value of $14,706,845.40. Following the completion of the transaction, the chief financial officer directly owned 85,485 shares of the company’s stock, valued at $26,337,928.50. The trade was a 35.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Ahmad Bahai sold 5,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $309.13, for a total transaction of $1,545,650.00. Following the sale, the vice president directly owned 42,519 shares in the company, valued at $13,143,898.47. This represents a 10.52% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 303,475 shares of company stock valued at $85,666,638. Insiders own 0.60% of the company’s stock.
Texas Instruments Profile (Free Report)
Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.
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Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF, FRA:3ZX1, AIM:SEI) said the exploration timetable for its offshore Uruguay interests has been extended by a year, while an Argentine offshore licensing opportunity moved towards a formal international tender.
Uruguay’s state-owned energy company and regulator ANCAP agreed to suspend the initial exploration period for the AREA OFF-1 block, pushing its expiry date to 23 August 2027. Operator Chevron requested the extension after delays in obtaining environmental approval for a planned 3D seismic programme.
The first seismic acquisition season was completed before the end of April, with a second scheduled to begin in the fourth quarter of 2026. Sintana said the full dataset must be acquired, processed and interpreted before an optimal exploration drilling decision can be made.
Separately, Argentina has instructed its National Secretariat of Energy to call an international public tender for the CAN-200 area in the North Argentine Basin. The process follows a February 2025 expression of interest from Sintana group company Challenger Energy and is a necessary step before a potential exploration permit can be awarded.
Valereum PLC (AQSE:VLRM, FRA:6TJ, OTCQB:VLRMF) has signed a strategic partnership to expand its digital asset business across Africa and the Indian Ocean.
The company, which is listed on the Aquis Stock Exchange and aims to become a leader in tokenised digital markets, has teamed up with Blockchain Digital Assets Limited (Africa).
The Kenyan-registered firm, known as BDAL or Koinon, is a specialist advisory and digital asset business with relationships spanning government, financial institutions and private enterprise across the region.
The tie-up combines Valereum's regulated ecosystem, tokenisation tools and payments infrastructure with BDAL's regional expertise and commercial contacts.
The joint venture will initially focus on three areas.
The first is the tokenisation of real-world assets, centred on land and mineral extraction covering gold, platinum and lithium, using the VLRM Markets platform.
The second is digital payments, expanding across Africa through the Koinon mobile app and integrating Valereum's white label payment platforms to offer full on and off-ramp services.
The third is digital banking, exploring next-generation financial services that combine advisory expertise with regulated infrastructure.
Matthew Mecke, founder and managing partner of BDAL, said the tie-up was a natural choice given how closely the two firms' roadmaps aligned.
He pointed to three decades building relationships across the continent and predicted significant adoption of digital banking in Africa.
Gary Cottle, group chief executive of Valereum, described the deal as an obvious geographical and product extension of its business model.
He said it made more sense for BDAL to use Valereum's platforms than to build its own, and that he looked forward to accelerating its route to market.
The S&P/ASX Small Ordinaries Index gained 8.80 points, or 0.27%, to close at 3,315.00 yesterday, providing some relief after a weaker trading week.
Despite the positive session, the index remained 37.80 points, or 1.13%, lower over the past five days as investors continued to navigate volatile commodity markets and broader economic uncertainty.
Against this mixed market backdrop, several ASX-listed explorers and developers reported operational milestones, drilling results and project advancements across gold, copper, tungsten and nickel assets.
Alkane generates $174 million quarterly operating cash flow Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) produced 42,491 gold-equivalent ounces during the June quarter at an all-in sustaining cost of A$3,011 per ounce.
Full-year production reached 168,337 gold-equivalent ounces at an AISC of A$2,925 per ounce, placing the company in the upper half of its FY2026 guidance range.
The company generated site operating cash flow of A$174 million during the quarter and has forecast FY2027 production of between 163,000 and 177,000 gold-equivalent ounces at an AISC of A$2,900 to A$3,200 per ounce.
Exploration at the Northern Molong Porphyry Project in New South Wales also continued to identify gold-copper mineralisation between the Boda and Kaiser deposits.
Results included 23.5 metres at 0.17 g/t gold and 0.14% copper, along with 42.1 metres at 0.16 g/t gold and 0.14% copper.
A mobile magnetotellurics survey has also defined new target areas across the project for further assessment.
Lightning advances Warby tungsten targets Lightning Minerals Ltd (ASX:L1M, FRA:YZ1) has completed the second phase of exploration at its wholly owned Warby Tungsten Project in North Queensland, moving the project closer to drill target selection.
The program included detailed geological mapping, soil geochemistry, stream sediment concentrate sampling and targeted rock-chip sampling across priority targets identified during the initial reconnaissance campaign.
Lightning said the work was designed to improve its understanding of the scale, continuity and geological controls of the Warby tungsten system.
Results from the program will be used to refine priority areas and guide the company’s next stage of exploration.
Hanrine earns 51% interest in Titan’s Linderos project Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) said Hancock Prospecting subsidiary Hanrine Ecuadorian Exploration and Mining had completed the third milestone under the joint venture and earn-in agreement covering the Linderos Copper Project in Ecuador.
Hanrine has made a US$2 million cash payment, completed 10,000 metres of diamond drilling and spent an aggregate US$20 million on the project.
Completion of the expenditure milestone takes Hanrine’s interest in Linderos to 51%.
Under the agreement, Hanrine had up to seven years to reach the milestone but completed the required work in less than two years.
Hanrine has been fully funding and managing a two-phase, 25,000-metre diamond drilling program at Linderos since the agreement was signed in September 2024.
Saturn secures key Apollo Hill mining lease Saturn Metals Ltd (ASX:STN) has been granted Mining Lease M31/496, marking another important step toward developing the 2.83-million-ounce Apollo Hill Gold Project in Western Australia.
The 11,700-hectare lease surrounds the project’s existing mining leases and incorporates recent resource growth, Saturn’s maiden 1.59-million-ounce ore reserve and its 1.77-million-ounce pre-feasibility production target.
The lease also provides space for potential future resource growth, mine expansion and supporting infrastructure, including bore fields and road corridors.
It follows the execution of the Apollo Hill Native Title Mining and Project Agreement in June 2026.
Saturn is advancing a definitive feasibility study for Apollo Hill, which is scheduled for completion later this year.
Western Mines intersects broad nickel sulphides Western Mines Group Ltd (ASX:WMG) has reported broad zones of nickel sulphide mineralisation from the latest reverse circulation drilling at the Mulga Tank Project in Western Australia’s Eastern Goldfields.
Hole MTRC073 returned a cumulative 173 metres at 0.31% nickel, including 22 metres at 0.44% nickel from 182 metres.
This broader interval contained 3 metres at 1.18% nickel from 189 metres, including 1 metre at 2.25% nickel.
Hole MTRC078 intersected a cumulative 182 metres at 0.30% nickel, including 4 metres at 0.85% nickel from 293 metres and 1 metre at 2.26% nickel from 295 metres.
Western Mines said all six holes for which results were received contained broad nickel sulphide mineralisation, with several intervals returning higher-grade nickel, cobalt and copper values.
Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) has reported another broad porphyry copper intersection from the Linderos Copper Project in Ecuador, where Hancock Prospecting subsidiary Hanrine has now earned a 51% interest after meeting a US$20 million expenditure commitment.
The standout result from the Copper Ridge prospect was:
700.4 metres at 0.36% copper equivalent from 270.3 metres, including 20 metres at 0.82% copper equivalent and 164.8 metres at 0.52% copper equivalent in drill hole DHCR-15. A second hole returned 302.3 metres at 0.32% copper equivalent from 197.1 metres, including 102.3 metres at 0.37% copper equivalent.
Titan's drilling had confirmed a porphyry copper system extending for more than one kilometre along strike and to a depth of about one kilometre, with mineralisation remaining open laterally to the south and at depth.
Long section looking west, displaying drill traces coloured by Cu% and Au ppm (red histogram).
Hancock reaches 51% ownership Hanrine has completed the third milestone under its joint venture and earn-in agreement after spending US$20 million at Linderos in less than two years, well ahead of the permitted seven-year timeframe.
Titan will receive a US$1 million cash payment once the administrative transfer of the 51% mineral concession interest is completed.
Titan retains a 49% stake and will remain free-carried until Hanrine completes the final earn-in milestone, which requires either a decision to mine or aggregate expenditure of US$120 million.
Completion of that milestone would lift Hanrine’s ownership to 80%.
Titan chief executive Melanie Leighton said Hanrine had rapidly advanced drilling and exploration activities since taking over management of the project.
“Hanrine have earned 51% ownership in Linderos while Titan retain 49% ownership of Linderos and are free-carried until Hanrine reach 80% ownership,” she said.
Copper Ridge system remains open Hanrine has completed 18 diamond holes for about 17,800 metres since drilling began in November 2024, bringing total drilling across the Copper Ridge and Meseta prospects to 45 holes for around 23,920 metres.
The latest work indicates that stronger copper mineralisation is associated with a potassic-altered diorite porphyry unit in the southern part of Copper Ridge.
Titan's higher-grade geological setting remained largely untested, providing scope to extend the known mineralised footprint.
Three priority areas have been identified for follow-up drilling to the south, northeast and northwest of the current drill coverage.
About the Linderos project Linderos comprises four contiguous concessions covering 143 square kilometres in southern Ecuador’s Loja Province, around 20 kilometres southwest of Titan’s flagship Dynasty Gold Project.
The project sits within a prospective Andean mineralised corridor extending from Peru through Ecuador and hosts both porphyry copper and epithermal gold targets.
Titan’s broader Ecuadorian portfolio also includes the Dynasty Gold, Copper Duke and Copper Field projects.
Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) has delivered annual production in the upper half of guidance, generated record cash flow and proposed its first dividend following a strong finish to the 2026 financial year.
The gold and antimony producer generated 42,491 gold equivalent ounces in the June quarter at an all-in sustaining cost (AISC) of A$3,011 per ounce, taking full-year production to 168,337 gold equivalent ounces at an AISC of A$2,925 per ounce.
Quarterly mine operating cash flow reached A$174 million, contributing to a post-tax free cash build of A$104 million. Alkane ended June with A$432 million in cash and A$454 million in combined cash, bullion and listed investments.
Reflecting the strengthened balance sheet, the board has proposed a maiden fully franked dividend of 2 cents per share, subject to completion of the audit, statutory dividend tests and final board approval.
Strong sales and operating cash flow Alkane sold 47,411 gold equivalent ounces during the quarter, generating A$257 million in revenue at an average realised gold price of A$5,442 per ounce and an average realised antimony price of A$24,276 per tonne.
Production comprised 40,949 ounces of gold and 456 tonnes of antimony. Output was below the March quarter due primarily to planned grade variations across the company’s three operating mines.
Managing director and CEO Nic Earner said the result demonstrated the strength of Alkane’s expanded operating portfolio.
“Our site operating cash flow was $174 million for the quarter, resulting in a balance sheet with $454 million in cash, bullion and listed investments at quarter end,” Earner said.
“Reflecting this strong financial position and our confidence in the business, the Board has proposed Alkane’s first ever dividend of 2 cents per share, fully franked — a significant milestone for the Company and a tangible return to the shareholders who have supported our growth.”
Three-mine portfolio delivers Tomingley Gold Operations in New South Wales produced 20,896 ounces during the quarter and generated A$76 million in operating cash flow.
The mine achieved record annual gold production, underground ore tonnes and mill throughput during FY26, while work continued on the Newell Highway diversion required to support the operation’s expansion.
At the Costerfield gold-antimony operation in Victoria, Alkane produced 11,659 gold equivalent ounces and generated A$50 million in operating cash flow.
Exploration drilling at Brunswick South extended the high-grade gold-antimony trend, with notable results including 2.17 metres at 50.1 g/t gold and 26.2% antimony, and 0.65 metres at 109.9 g/t gold and 3.1% antimony.
Björkdal in Sweden produced 9,935 ounces of gold and contributed A$49 million in operating cash flow. Exploration continued along the northern and eastern extensions of the mine and at the nearby Storheden deposit.
Boda-Kaiser exploration advances At the Northern Molong Porphyry Project in New South Wales, drilling between the Boda and Kaiser deposits intersected further gold-copper mineralisation within an intrusive-hydrothermal breccia system.
Results included 23.5 metres at 0.17 g/t gold and 0.14% copper and 42.1 metres at 0.16 g/t gold and 0.14% copper.
A mobile magnetotelluric survey also identified six high-priority porphyry targets north of Boda-Kaiser, including targets at Driell Creek, Murga, Gollan North, One Tree and Old Station. Ground validation has begun ahead of further drill targeting.
FY27 guidance and next steps Alkane has forecast FY27 production of between 163,000 and 177,000 gold equivalent ounces at an AISC of A$2,900 to A$3,200 per ounce.
The company expects to spend A$55 million to A$65 million on exploration and A$160 million to A$190 million on growth capital.
Key programs include the Newell Highway diversion at Tomingley, development of Brunswick South at Costerfield, initial development at Storheden, expansion of Björkdal’s tailings facilities and equipment replacement across the group.
About Alkane Resources Alkane Resources is an Australian-based gold and antimony producer operating the Tomingley gold mine in New South Wales, the Costerfield gold-antimony mine in Victoria and the Björkdal gold mine in Sweden.
The company also owns the large Boda-Kaiser gold-copper porphyry project within the Northern Molong Porphyry Project in Central West New South Wales.
4:20pm: Early rally fades US stocks finished mixed on Monday as an early rally lost steam, with investors taking some profits in semiconductor stocks ahead of a pivotal week of Big Tech earnings while keeping a close eye on another jump in oil prices.
The Dow Jones Industrial Average led the declines, falling 307 points, or 0.6%, to close at 51,839. The S&P 500 slipped 14 points, or 0.2%, to 7,443, while the Nasdaq managed to hold near the flatline, edging down just 12 points, or 0.05%, to 25,508.
Chipmakers, which helped fuel the market's recent advance, gave back much of their earlier gains as traders turned cautious before earnings from technology heavyweights later this week. Results from Tesla and Alphabet are expected to set the tone for the broader sector, with investors looking for signs that spending on artificial intelligence remains strong.
Oil prices also stayed in focus after briefly climbing above US$90 a barrel during the session before pulling back, adding another layer of uncertainty for markets already weighing the outlook for inflation and interest rates.
Attention now shifts to another busy day of corporate earnings on Tuesday, with reports due before the opening bell from industrial giant 3M, automaker General Motors, financial services firm Charles Schwab and oilfield services company Halliburton.
3:45pm: Proactive news headlines Replenish Nutrients Holding Corp (CSE:ERTH, OTC:VVIVF, FRA:7KE) secured a $15 million strategic investment from SRC Agrominerals to expand its Beiseker fertilizer facility and secure a long-term supply of carbonatite for its regenerative fertilizer products. VivoPower PLC (NASDAQ:VIVO, FRA:51J) appointed Syed Muhammad Nouman as Group Finance Director, with additional responsibilities as its Principal Financial Officer and Principal Accounting Officer for SEC reporting. Thistle Resources (TSX-V:TRCG, OTC:TRCGF) has launched its 2026 trenching program at the Brunswick antimony project in New Brunswick to further define mineralization across key target areas. Varon Corp (OTCID:OZSC) said its BALLISLIFE Drink joint venture served as the presenting hydration partner for Ballislife's inaugural 1v1 Championship in Las Vegas, expanding the brand's presence through live basketball events. EDM Resources Inc (TSX-V:EDM, OTC:SWNLF) received amended environmental approval for its Scotia Mine in Nova Scotia, allowing the company to move forward with its updated mine plan and processing facility ahead of a planned restart. OKYO Pharma Ltd (NASDAQ:OKYO) filed its annual report for fiscal 2026, highlighting its financial position and progress toward a planned Phase 3 trial of its lead drug candidate. 2:40pm: Market movers Hut 8 Mining Corp (TSX:HUT) shares jumped nearly 12% after the company signed a 15-year lease for 352 MW at its Beacon Point AI data center campus, fully commercializing the 1-gigawatt Texas facility and lifting its contracted portfolio. Tempus AI agreed to acquire Personalis in a $1.5 billion all-stock deal, strengthening its position in cancer recurrence testing by offering Personalis shareholders $16.25 per share. AMC Entertainment Holdings (NYSE:AMC) shares gained 11% after the theater chain posted better-than-expected second-quarter results, fueled by strong demand for summer blockbuster films. Replenish Nutrients Holding Corp (CSE:ERTH, OTC:VVIVF, FRA:7KE) secured a $15 million strategic investment from SRC Agrominerals to expand its Beiseker fertilizer facility and secure a long-term supply of carbonatite for its regenerative fertilizer products. Domino's Pizza Inc (NYSE:DPZ) shares rose about 3% after the company reported second-quarter revenue that beat expectations, despite earnings coming in below forecasts, as order growth and global store expansion remained strong. 1:25pm: Market breadth improves Market breadth continues to improve, even if it has pulled back lately, according to Adam Turnquist, Chief Technical Strategist for LPL Financial.
"The percentage of S&P 500 constituents trading above their 200-day moving average has increased from the low-50% range in May to nearly 70%, signaling that participation beneath the surface remains considerably healthier than it was just a few months ago," Turnquist noted.
"A decisive move back above 7,578 would put the 7,600 milestone, the closing high of 7,610, and the intraday high of 7,621 back into focus."
12:10pm: Fresh attacks rattle markets Further US strikes against Iran are keeping markets on edge, according to Chris Beauchamp, Chief Market Analyst at online trading and investing platform IG.
“The tone for the week has already been set as the US and Iran continue to trade strikes. And now a second waterway closure looms to cause further problems for global markets," Beauchamp commented.
"While some hints of a return to negotiations helped to continue Friday’s late rally, this has begun to stumble as news of fresh attacks filters through. The next two weeks will be a tussle between conflict news and big-name earnings, and the tug of war between these two is likely to keep volatility elevated.”
11:05am: Week ahead Wall Street heads into a pivotal week with investors preparing for a flood of corporate earnings, major artificial intelligence announcements and lingering geopolitical tensions that have pushed oil prices above $90 a barrel.
The spotlight will be on Wednesday's earnings from Alphabet Inc (NASDAQ:GOOG) (Alphabet Inc (NASDAQ:GOOG)) and Tesla Inc (NASDAQ:TSLA) (Tesla Inc (NASDAQ:TSLA)), which many see as a crucial test for the AI-driven rally after last week's sharp selloff in technology stocks.
More than 70 S&P 500 companies are due to report over the coming days, including Texas Instruments Inc (NASDAQ:TXN) (Texas Instruments Inc (NASDAQ:TXN)), International Business Machines Corp (NYSE:IBM) (International Business Machines Corp (NYSE:IBM)), AT&T Inc (NYSE:T, XETRA:SOBA) (AT&T Inc (NYSE:T, XETRA:SOBA), AT&T Inc (NYSE:T, XETRA:SOBA)) on Wednesday, Intel Corp (NASDAQ:INTC, XETRA:INL) (Intel Corp (NASDAQ:INTC, XETRA:INL), Intel Corp (NASDAQ:INTC, XETRA:INL)), T-Mobile US Inc (NASDAQ:TMUS, XETRA:TM5) (T-Mobile US Inc (NASDAQ:TMUS, XETRA:TM5), T-Mobile US Inc (NASDAQ:TMUS, XETRA:TM5)), Lockheed Martin and Comcast on Thursday, and American Express and Verizon on Friday. Earlier in the week, General Motors, Charles Schwab, Capital One and Danaher will also release results.
Tesla will also be closely watched after reporting record second-quarter vehicle deliveries, with investors looking for updates on cash flow, margins and any news surrounding its autonomous vehicle plans.
10:00am: Semiconductors lift Nasdaq Stocks opened higher on Monday, with technology shares leading the way as investors looked ahead to a busy week of corporate earnings from some of the market's biggest names.
Shortly after the opening bell, the Nasdaq was up 282 points, or 1.1%, to 25,802. The S&P 500 gained 53 points, or 0.7%, to 7,511, while the Dow Jones added 154 points, or 0.3%, to 52,300.
Semiconductor stocks helped power the early gains as traders positioned themselves ahead of quarterly results from several major technology companies. The second-quarter earnings season shifts into a higher gear this week, with Tesla, Alphabet and IBM scheduled to report on Wednesday, followed by Intel on Thursday.
Energy markets also remained in focus. Brent crude climbed back above US$90 a barrel as fighting between the United States and Iran continued, although prices eased from their highs after Iran's foreign ministry said diplomatic efforts were still underway.
On the corporate front, Domino's Pizza was among the early winners after the company released quarterly earnings before the market opened.
Investors will also be watching fresh economic data, with the June US Leading Economic Index due later this morning, for further clues about the strength of the economy.
7:45am: Big week of earnings US stock futures pointed higher on Monday as attention turned to a bumper week of Big Tech earnings, even with the US-Iran conflict grinding into its tenth day.
Dow futures edged up 0.2%, S&P 500 contracts added 0.3%, and the Nasdaq-100 popped 0.7%, a welcome bounce after a bruising week for semiconductor stocks.
The AI trade is hunting for its next catalyst, and it may well arrive this week with results due from Alphabet, Tesla, Intel and IBM.
Wall Street has raised the bar for all four, with investors wanting proof that the vast sums being poured into AI infrastructure are actually starting to generate revenue.
The mood was helped by oil pulling back from its highs.
Brent briefly crossed $91 a barrel overnight before retreating to around $86.70, down 1.6%, after Iran signalled that diplomatic channels with Washington remain open via mediators in Pakistan and Qatar.
That said, the conflict itself shows little sign of easing, with US airstrikes continuing and Iranian retaliation killing at least three American service members over the weekend.
Traffic through the Strait of Hormuz hit a three-week low on Friday, and US gasoline prices crossed $4 a gallon again, an unwelcome development three months out from the midterms.
Tesla, Alphabet, IBM, Texas Instruments, and Intel headline a pivotal earnings week as weakening technical signals suggest the tech rally may need time to consolidate.
1:25pm: Market breadth improves Market breadth continues to improve, even if it has pulled back lately, according to Adam Turnquist, Chief Technical Strategist for LPL Financial.
"The percentage of S&P 500 constituents trading above their 200-day moving average has increased from the low-50% range in May to nearly 70%, signaling that participation beneath the surface remains considerably healthier than it was just a few months ago," Turnquist noted.
"A decisive move back above 7,578 would put the 7,600 milestone, the closing high of 7,610, and the intraday high of 7,621 back into focus."
12:10pm: Fresh attacks rattle markets Further US strikes against Iran are keeping markets on edge, according to Chris Beauchamp, Chief Market Analyst at online trading and investing platform IG.
“The tone for the week has already been set as the US and Iran continue to trade strikes. And now a second waterway closure looms to cause further problems for global markets," Beauchamp commented.
"While some hints of a return to negotiations helped to continue Friday’s late rally, this has begun to stumble as news of fresh attacks filters through. The next two weeks will be a tussle between conflict news and big-name earnings, and the tug of war between these two is likely to keep volatility elevated.”
11:05am: Week ahead Wall Street heads into a pivotal week with investors preparing for a flood of corporate earnings, major artificial intelligence announcements and lingering geopolitical tensions that have pushed oil prices above $90 a barrel.
The spotlight will be on Wednesday's earnings from Alphabet Inc (NASDAQ:GOOG) (Alphabet Inc (NASDAQ:GOOG)) and Tesla Inc (NASDAQ:TSLA) (Tesla Inc (NASDAQ:TSLA)), which many see as a crucial test for the AI-driven rally after last week's sharp selloff in technology stocks.
More than 70 S&P 500 companies are due to report over the coming days, including Texas Instruments Inc (NASDAQ:TXN) (Texas Instruments Inc (NASDAQ:TXN)), International Business Machines Corp (NYSE:IBM) (International Business Machines Corp (NYSE:IBM)), AT&T Inc (NYSE:T, XETRA:SOBA) (AT&T Inc (NYSE:T, XETRA:SOBA), AT&T Inc (NYSE:T, XETRA:SOBA)) on Wednesday, Intel Corp (NASDAQ:INTC, XETRA:INL) (Intel Corp (NASDAQ:INTC, XETRA:INL), Intel Corp (NASDAQ:INTC, XETRA:INL)), T-Mobile US Inc (NASDAQ:TMUS, XETRA:TM5) (T-Mobile US Inc (NASDAQ:TMUS, XETRA:TM5), T-Mobile US Inc (NASDAQ:TMUS, XETRA:TM5)), Lockheed Martin and Comcast on Thursday, and American Express and Verizon on Friday. Earlier in the week, General Motors, Charles Schwab, Capital One and Danaher will also release results.
Tesla will also be closely watched after reporting record second-quarter vehicle deliveries, with investors looking for updates on cash flow, margins and any news surrounding its autonomous vehicle plans.
10:00am: Semiconductors lift Nasdaq Stocks opened higher on Monday, with technology shares leading the way as investors looked ahead to a busy week of corporate earnings from some of the market's biggest names.
Shortly after the opening bell, the Nasdaq was up 282 points, or 1.1%, to 25,802. The S&P 500 gained 53 points, or 0.7%, to 7,511, while the Dow Jones added 154 points, or 0.3%, to 52,300.
Semiconductor stocks helped power the early gains as traders positioned themselves ahead of quarterly results from several major technology companies. The second-quarter earnings season shifts into a higher gear this week, with Tesla, Alphabet and IBM scheduled to report on Wednesday, followed by Intel on Thursday.
Energy markets also remained in focus. Brent crude climbed back above US$90 a barrel as fighting between the United States and Iran continued, although prices eased from their highs after Iran's foreign ministry said diplomatic efforts were still underway.
On the corporate front, Domino's Pizza was among the early winners after the company released quarterly earnings before the market opened.
Investors will also be watching fresh economic data, with the June US Leading Economic Index due later this morning, for further clues about the strength of the economy.
7:45am: Big week of earnings US stock futures pointed higher on Monday as attention turned to a bumper week of Big Tech earnings, even with the US-Iran conflict grinding into its tenth day.
Dow futures edged up 0.2%, S&P 500 contracts added 0.3%, and the Nasdaq-100 popped 0.7%, a welcome bounce after a bruising week for semiconductor stocks.
The AI trade is hunting for its next catalyst, and it may well arrive this week with results due from Alphabet, Tesla, Intel and IBM.
Wall Street has raised the bar for all four, with investors wanting proof that the vast sums being poured into AI infrastructure are actually starting to generate revenue.
The mood was helped by oil pulling back from its highs.
Brent briefly crossed $91 a barrel overnight before retreating to around $86.70, down 1.6%, after Iran signalled that diplomatic channels with Washington remain open via mediators in Pakistan and Qatar.
That said, the conflict itself shows little sign of easing, with US airstrikes continuing and Iranian retaliation killing at least three American service members over the weekend.
Traffic through the Strait of Hormuz hit a three-week low on Friday, and US gasoline prices crossed $4 a gallon again, an unwelcome development three months out from the midterms.
Analysts on Wall Street project that Texas Instruments (TXN - Free Report) will announce quarterly earnings of $1.91 per share in its forthcoming report, representing an increase of 35.5% year over year. Revenues are projected to reach $5.23 billion, increasing 17.7% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 1.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Texas Instruments metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Other' should arrive at $259.07 million. The estimate points to a change of -18.3% from the year-ago quarter.
It is projected by analysts that the 'Revenue- Embedded Processing' will reach $756.15 million. The estimate indicates a year-over-year change of +11.4%.
Analysts' assessment points toward 'Revenue- Analog' reaching $4.12 billion. The estimate indicates a year-over-year change of +19.3%.
The collective assessment of analysts points to an estimated 'Operating Profit- Analog' of $1.78 billion. The estimate compares to the year-ago value of $1.33 billion.
The consensus estimate for 'Operating Profit- Embedded Processing' stands at $135.01 million. The estimate compares to the year-ago value of $85.00 million.
View all Key Company Metrics for Texas Instruments here>>>
Shares of Texas Instruments have demonstrated returns of -12% over the past month compared to the Zacks S&P 500 composite's +0.6% change. With a Zacks Rank #1 (Strong Buy), TXN is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Every retiree with $1 million faces a version of the same choice. Park the money in a higher-yield income fund and aim for roughly $55,000 a year, or buy dividend growers yielding closer to 4%, take about $40,000 in year one, and let raises compound. The first pays more now. The second has a better chance to transform the income stream over time.
The 10-year Treasury was near 4.5% in early July 2026, which sets a useful low-default-risk benchmark. Anything above that has to earn its premium, and how it earns matters more than the headline yield.
The Math at Three Yield Tiers For a $55,000 income target, required capital swings dramatically by yield tier.
Conservative tier (3% to 4%). $55,000 divided by 0.04 equals $1,375,000. This is the dividend growth zone: broad-market ETFs, Dividend Aristocrats, blue-chip compounders. Names like Microsoft (NASDAQ:MSFT | MSFT Price Prediction), Visa (NYSE:V), Lowe’s (NYSE:LOW), and Broadcom sit here. Yields are modest. Growth is not.
Moderate tier (5% to 7%). $55,000 divided by 0.055 equals $1,000,000. Covered call ETFs, preferred shares, REITs, and high-dividend funds live here. Income arrives faster, but dividend growth flattens and upside is often capped by strategy.
Aggressive tier (8% to 14%). $55,000 divided by 0.10 equals $550,000. Business development companies, mortgage REITs, and high-yield bond funds pay the highest current distributions. Principal erosion is common, and distribution cuts arrive when credit cycles turn.
Why the $15,000 Cut Buys a $55,000 Raise Texas Instruments (NASDAQ: TXN) illustrates the point. In 2026, the board declared a quarterly cash dividend of $1.42 per share, or $5.68 annualized. Long-term holders who bought before years of dividend growth now receive far more income on their original cost than the starting yield suggested.
Microsoft (NASDAQ: MSFT) declared a $0.91 quarterly dividend in June 2026. Lowe’s raised its quarterly dividend to $1.25 in 2026, up 4% from $1.20. Visa (NYSE: V) declared a $0.30 quarterly dividend in 2020 and was paying $0.67 in 2026. NextEra Energy (NYSE: NEE) said its dividend-growth plan calls for roughly 10% annual dividend-per-share growth through 2026 and 6% per year from year-end 2026 through 2028. Broadcom approved a $0.65 quarterly dividend for 2026 after raising it from $0.59 in late 2025.
Run the Math Run the math on $40,000 of conservative starting income. If the portfolio grows its distribution at 8% annually, income doubles in about nine years, reaches about $86,000 after 10 years, and reaches about $186,000 after 20 years. A flat $55,000 income stream starts higher, but it loses ground once the dividend-growth portfolio’s annual income passes it.
The $15,000 given up in year one comes back faster than many investors expect. In this example, the growing income stream passes $55,000 in annual income around year six, and cumulative income catches the flat $55,000 option around year nine. By year 20, the annual income is roughly $186,000, though the annual raise itself is still far below $55,000. Our research team’s Never Touch the Principal playbook explores this tradeoff in detail.
When the Growth Story Breaks The math holds only if raises materialize. Three guardrails matter most:
Payout ratios with room to grow. A dividend consuming 90% of earnings cannot expand. Microsoft’s payout on TTM EPS of $16.79 and Visa’s on EPS of $11.31 leave decades of headroom. Business durability. Broadcom’s AI semiconductor revenue runs at $10.8 billion a quarter, up 143%. Lowe’s guides to $92 billion to $94 billion in FY26 sales. These are not fragile balance sheets. Diversification. No single Aristocrat is bulletproof. Spread the growth mandate across 15 to 25 names or use a dividend-growth ETF. What to Do This Week Pull your actual spending, not gross income. Many retirees replace only 60% to 70% of pre-retirement earnings, shrinking capital required and often eliminating the aggressive tier. Compare 10-year total return of your target moderate-tier fund against a diversified dividend-growth basket. TXN returned 509% and AVGO returned 2,975%. Total return funds retirement, not headline yield. If within five years of drawing income, model sequence risk in each tier. A high-yield fund cutting distributions in year three differs from a dividend grower that dips 20% and keeps paying. The Paycheck That Keeps Up Higher yield feels safer because the check is bigger today. Higher-growth portfolios can be more durable over 20 years because they give the paycheck a chance to keep pace with the person cashing it.
The trade-off is patience. A $55,000 income stream looks better than $40,000 in year one, but a growing $40,000 stream can eventually pass it, then keep widening the gap if the raises continue. That is the real question behind the yield choice: whether the portfolio is built only to pay you now, or to pay you more later.
Contact [email protected] for any questions or corrections.
AIA Group Ltd lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 19.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 191,444 shares of the semiconductor company’s stock after selling 45,193 shares during the period. Texas Instruments accounts for approximately 0.5% of AIA Group Ltd’s investment portfolio, making the stock its 29th biggest holding. AIA Group Ltd’s holdings in Texas Instruments were worth $37,167,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Strategic Wealth Investment Group LLC purchased a new stake in shares of Texas Instruments in the second quarter valued at about $25,000. Portus Wealth Advisors LLC acquired a new position in Texas Instruments during the 1st quarter worth approximately $27,000. High Point Wealth Management LLC acquired a new position in shares of Texas Instruments in the fourth quarter worth about $25,000. Advocate Investing Services LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at approximately $25,000. Finally, Ares Financial Consulting LLC acquired a new stake in Texas Instruments in the fourth quarter valued at $26,000. 84.99% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets In other Texas Instruments news, CFO Rafael R. Lizardi sold 47,734 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $308.10, for a total transaction of $14,706,845.40. Following the transaction, the chief financial officer owned 85,485 shares in the company, valued at $26,337,928.50. This represents a 35.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Haviv Ilan sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $280.32, for a total transaction of $5,606,400.00. Following the completion of the transaction, the chief executive officer directly owned 204,339 shares in the company, valued at approximately $57,280,308.48. This represents a 8.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 303,475 shares of company stock valued at $85,666,638 in the last three months. Insiders own 0.60% of the company’s stock.
Texas Instruments Price Performance Shares of TXN stock opened at $284.02 on Friday. The stock has a market cap of $258.48 billion, a PE ratio of 48.63, a PEG ratio of 1.42 and a beta of 1.32. Texas Instruments Incorporated has a 52-week low of $152.73 and a 52-week high of $334.03. The firm’s 50 day moving average price is $302.59 and its two-hundred day moving average price is $243.46. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.94 and a current ratio of 4.46.
Texas Instruments (NASDAQ:TXN – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.31. The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.85 billion. Texas Instruments had a net margin of 29.11% and a return on equity of 32.49%. The firm’s revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 EPS. Texas Instruments has set its Q2 2026 guidance at 1.770-2.050 EPS. As a group, analysts forecast that Texas Instruments Incorporated will post 7.7 EPS for the current year.
Texas Instruments Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Friday, July 31st will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $5.68 annualized dividend and a dividend yield of 2.0%. Texas Instruments’s payout ratio is presently 97.26%.
Analyst Ratings Changes TXN has been the topic of a number of research reports. Sanford C. Bernstein began coverage on Texas Instruments in a research report on Friday, May 22nd. They set a “market perform” rating on the stock. Robert W. Baird upped their price target on shares of Texas Instruments from $225.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Mizuho boosted their price target on Texas Instruments from $255.00 to $300.00 and gave the company a “neutral” rating in a research note on Tuesday, May 19th. Bank of America raised their target price on shares of Texas Instruments from $320.00 to $370.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings raised shares of Texas Instruments from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $281.84.
Check Out Our Latest Research Report on Texas Instruments
More Texas Instruments News Here are the key news stories impacting Texas Instruments this week:
Positive Sentiment: Multiple reports suggest TXN could beat Q2 earnings estimates as demand improves across analog and embedded chips, especially in industrial, data center, and automotive markets. That strengthens the case for an earnings-driven rally. TXN Likely to Beat Q2 Earnings Estimates: How to Play the Stock? Positive Sentiment: Texas Instruments declared a quarterly dividend of $1.42 per share, reinforcing its appeal as an income stock and highlighting the company’s long record of returning cash to shareholders. Texas Instruments board declares third quarter 2026 quarterly dividend Positive Sentiment: TXN was also named to a Zacks Rank #1 (Strong Buy) income stocks list, which may be supporting investor sentiment around the stock’s dividend quality and relative defensiveness. Best Income Stocks to Buy for July 17th Neutral Sentiment: Analyst coverage remains constructive, with KeyCorp maintaining an Overweight rating and a $390 price target, implying Wall Street still sees upside if execution stays strong. Analysts Have Conflicting Sentiments on These Technology Companies: Texas Instruments (TXN) and ASMPT Ltd (OtherASMVF) Negative Sentiment: One analyst note called TXN a “dangerous setup” into Q2 earnings, arguing expectations are elevated and the stock already reflects a bullish inflection in margins, free cash flow, and growth. That raises the risk of disappointment if results are merely solid rather than exceptional. Texas Instruments: Dangerous Setup Into Q2 Earnings Texas Instruments Company Profile (Free Report)
Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.
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SummaryTexas Instruments is positioned as a key supplier in the AI value chain, benefiting from rising semiconductor content across industries.TXN's Q2 earnings setup is challenging, with high expectations for FCF, margin expansion, and continued data center growth acting as potential catalysts or risks.Despite robust fundamentals and a 22-year dividend growth streak, TXN trades at elevated multiples, already pricing in a bullish inflection point.My DCF scenarios suggest the current share price is overextended; I would lock in gains ahead of earnings and consider redeployment.Looking for a helping hand in the market? Members of iREIT®+HOYA Capital get exclusive ideas and guidance to navigate any climate. Learn More » adventtr/iStock via Getty Images
Introduction Let's keep working on the AI value chain research topic, which sees investor enthusiasm immediately followed by skepticism, in a pattern that has been going on for some time.
With this article, I am publishing my first coverage of Texas
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Key Takeaways TXN's Q2 revenue and EPS estimates imply year-over-year growth of 17.5% and 35.5%, respectively.Analog demand is rising on improving industrial sales, data center investment and stable automotive demand.Embedded growth may accelerate, though China exposure and U.S.-China trade tensions remain risks. Texas Instruments Incorporated (TXN - Free Report) is likely to beat earnings estimates when it releases its second-quarter 2026 results on July 22, after market close.
The company anticipates revenues between $5 billion and $5.4 billion for the second quarter. The Zacks Consensus Estimate is pegged at $5.23 billion, suggesting growth of 17.5% from the year-ago period's reported figure.
Texas Instruments expects earnings per share between $1.77 and $2.05. The Zacks Consensus Estimate for second-quarter earnings is pinned at $1.91 per share, implying growth of 35.5% from the year-ago period's reported figure. The consensus mark for earnings has been revised upward over the past seven days.
Image Source: Zacks Investment Research
TXN’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing once, with an average surprise of 6.96%.
Q2 Earnings Whispers for Texas InstrumentsOur proven model predicts an earnings beat for Texas Instruments this earnings season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is exactly the case here.
Earnings ESP of TXN: Earnings ESP, which represents the difference between the Most Accurate Estimate ($1.96) and the Zacks Consensus Estimate ($1.91), is +2.66%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Texas Instruments’ Zacks Rank: TXN presently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors Likely to Influence TXN’s Q2 ResultsTexas Instruments’ second-quarter performance is likely to have benefited from strong demand for its analog and embedded chips. The company’s analog business remains the largest contributor, which is showing renewed strength supported by improving industrial demand, stronger data center investments and stable automotive sales.
Industrial revenues rose more than 30% year over year in the first quarter of 2026, with growth spreading across regions and customer groups. At the same time, Texas Instruments is benefiting from rising demand for power-management chips used in artificial intelligence (AI)-driven data center infrastructure. During the first-quarter earnings call, management stated that data center revenues surged roughly 90% year over year.
Overall, analog revenues increased 22% year over year to $3.92 billion, and the trend is likely to have continued in the second quarter. Our model estimates for the analog division’s second-quarter revenues are pegged at $4.08 billion, indicating 18.1% year-over-year growth.
Gradually improving end-market demand and easing customer inventory adjustments are likely to have aided growth in the embedded processing business during the second quarter. The segment is anticipated to have benefited from improving industrial demand and increasing semiconductor content across connected devices, vehicles and factory automation.
In the first quarter, embedded processing revenues increased 12% year over year to $723 million. The growth rate is likely to have accelerated in the second quarter. Our model estimates for the embedded processing division’s second-quarter revenues are pegged at $799 million, indicating 17.7% year-over-year growth.
However, Texas Instruments’ second-quarter performance is likely to have been affected by rising geopolitical tensions, and the ongoing U.S.-China trade and tariff wars. TXN is a major player in China, accounting for more than 20% of its annual revenues in 2025.
TXN’s Stock Price Performance & ValuationTexas Instruments shares have surged 68.3% year to date, outperforming the Zacks Semiconductor – General industry, which has risen 22.7%. Compared to other industry peers, the stock has outpaced NVIDIA Corporation (NVDA - Free Report) and Amtech Systems, Inc. (ASYS - Free Report) but has underperformed Intel Corporation (INTC - Free Report) . Shares of NVIDIA, Amtech Systems and Intel have soared 11%, 33.2% and 162.3%, respectively.
Let us look at the value Texas Instruments offers investors at current levels. Currently, TXN is trading at a premium, with a forward 12-month P/E of 35.26X compared with the industry’s 22.94X.
Texas Instruments Forward 12-Month P/E Ratio
Image Source: Zacks Investment Research
Compared with semiconductor giants, the stock trades at a higher multiple than NVIDIA and Amtech Systems, while at a lower multiple than Intel. At present, NVIDIA, Amtech Systems and Intel have forward 12-month P/E of 19.63X, 23.87X and 76.49X, respectively.
Investment Thesis on TXN StockUnlike NVIDIA or AMD, Texas Instruments does not build AI accelerators. Instead, it supplies the analog and embedded chips that keep AI infrastructure running. Its products manage power, convert signals, control motors, regulate cooling systems and enable connectivity across data centers, industrial equipment and automotive applications. These components may receive less attention than AI processors, but they are essential as AI servers become more power-hungry and increasingly complex.
Every new AI data center requires far more power management and sensing components than traditional computing infrastructure. This is creating a meaningful opportunity for Texas Instruments. Rather than competing in the crowded AI processor market, the company is benefiting from the broader AI infrastructure buildout — a trend that could prove more durable over time.
The company's data center business reached an annual revenue run rate of roughly $1.2 billion in 2025, growing more than 50% year over year. In the first quarter of 2026, data center revenues jumped 90% from the prior-year period and increased 25% sequentially. These growth rates highlight the company’s growing importance in AI infrastructure and suggest that this market could remain a major contributor for years.
Texas Instruments is also taking a different approach to manufacturing than many semiconductor companies. Instead of relying heavily on external foundries, management plans to manufacture more than 95% of its wafers internally by 2030.
This strategy requires significant investment today but offers several long-term advantages. Greater manufacturing control can improve supply-chain reliability, reduce production costs over time and protect margins during industry shortages.
Conclusion: Hold Texas Instruments Stock for NowTXN is benefiting from rising AI infrastructure spending, rapidly expanding data center demand and a manufacturing strategy that should continue aiding its financial results. With AI infrastructure spending still in the early stages of a multi-year expansion cycle, Texas Instruments looks well-positioned to deliver steady growth for years to come. Although the stock trades at a premium valuation, that premium appears justified, given its consistent earnings growth. All these make Texas Instruments stock worth holding.
Here are three stocks with buy rank and strong income characteristics for investors to consider today, July 17:
Texas Instruments Incorporated (TXN - Free Report) : This semiconductor company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.4% the last 60 days.
This Zacks Rank #1 company has a dividend yield of 1.9%, compared with the industry average of 0.3%.
JPMorgan Chase & Co. (JPM - Free Report) : This bank and financial holding company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.1% the last 60 days.
This Zacks Rank #1 company has a dividend yield of 1.7%, compared with the industry average of 1.1%.
The Goldman Sachs Group, Inc. (GS - Free Report) : This financial services company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.3% in the last 60 days.
This Zacks Rank #1 company has a dividend yield of 1.6%, compared with the industry average of 1.1%.
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The board of directors of Texas Instruments Incorporated (Nasdaq: TXN) today declared a quarterly cash dividend of $1.42 per share of common stock, payable August 11, 2026, to stockholders of record on July 31, 2026.
About Texas Instruments
Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures and sells analog and embedded processing chips for markets such as industrial, automotive, data center, personal electronics and communications equipment. At our core, we have a passion to create a better world by making electronics more affordable through semiconductors. This passion is alive today as each generation of innovation builds upon the last to make our technology more reliable, more affordable and lower power, making it possible for semiconductors to go into electronics everywhere. Learn more at TI.com.
Key Takeaways Texas Instruments expects 2026 CapEx of $2B-$3B, down 34%-56% from 2025.TXN's first-quarter free cash flow rose to $1.4B from negative $14M a year earlier.Texas Instruments sees free cash flow per share topping $8 if demand trends continue. Texas Instruments Incorporated (TXN - Free Report) is entering a new phase of its investment cycle, with capital expenditures expected to decline after several years of heavy spending on manufacturing expansion. This shift could significantly improve the company’s free cash flow and strengthen its ability to return more capital to shareholders.
Over the past few years, Texas Instruments invested aggressively in new 300-millimeter wafer fabrication plants and assembly and test facilities to expand internal manufacturing capacity. These investments temporarily weighed on free cash flow but positioned the company to support future demand while lowering production costs. In 2025, capital expenditures totaled approximately $4.55 billion.
The spending pace is now easing. In the first quarter of 2026, Texas Instruments’ capital expenditure nearly halved to $676 million from $1.12 billion in the year-ago quarter. Management expects 2026 capital expenditures to be between $2 billion and $3 billion, about a 34% to 56% reduction from the 2025 level. While some investment will continue to support additional assembly and test capacity, the company believes most of its major manufacturing infrastructure is already in place. This should allow a larger share of operating cash flow to convert into free cash flow.
The benefits are already becoming visible. In the first quarter of 2026, Texas Instruments generated free cash flow of $1.4 billion, a robust improvement from a negative $14 million in the year-ago quarter. Trailing 12-month free cash flow also increased to $4.35 billion in the first quarter of 2026 from $1.72 billion a year earlier. Free cash flow margin also improved sharply to 23.6% from 10.7%, supported by stronger revenue growth and lower capital intensity.
Management believes free cash flow per share could exceed $8 in 2026 if current demand trends continue. Combined with improving industrial demand, stronger data center spending and better factory utilization, lower capital expenditures could further strengthen Texas Instruments’ cash generation, giving the company greater flexibility to fund dividends, repurchase shares and invest in future growth. In the trailing 12 months, Texas Instruments returned $6.43 billion to shareholders through share buybacks and dividend payments.
TXN’s Rivals Are Also Balancing CapEx and Cash GenerationTexas Instruments’ main competitors, Analog Devices, Inc. (ADI - Free Report) and NXP Semiconductors N.V. (NXPI - Free Report) , are also balancing their capital expenditures and cash flows.
Analog Devices has taken a disciplined approach to capital spending while maintaining strong cash flow. The company follows a hybrid manufacturing model that combines internal production with outsourced foundries, allowing it to keep capital expenditures relatively low.
This asset-light approach has helped Analog Devices consistently generate more than $3 billion in annual free cash flow while maintaining free cash flow margins above 30% over the past few years. The strong cash generation has enabled the company to steadily increase dividends and repurchase shares without making large manufacturing investments.
NXP Semiconductors also focuses on disciplined capital allocation to maximize cash flow. The company typically keeps annual capital expenditures at about a mid-single-digit percentage of revenue, well below the levels Texas Instruments has invested in recent years. This strategy has helped NXP Semiconductors consistently generate more than $2 billion in annual free cash flow, supporting regular dividends and sizable share repurchases.
TXN’s Price Performance, Valuation and EstimatesShares of Texas Instruments have soared 76.1% year to date compared with the Zacks Semiconductor - General industry’s 18.2% growth.
From a valuation standpoint, TXN trades at a forward price-to-earnings ratio of 37.01, significantly higher than the industry’s average of 22.23.
Texas Instruments Forward 12-Month P/S Ratio
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Texas Instruments’ 2026 and 2027 earnings implies a year-over-year increase of 40.6% and 14.4%, respectively. Estimates for 2026 and 2027 have remained unchanged over the past 60 days.
Image Source: Zacks Investment Research
Texas Instruments currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Texas Instruments (TXN - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 22. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis chipmaker is expected to post quarterly earnings of $1.91 per share in its upcoming report, which represents a year-over-year change of +35.5%.
Revenues are expected to be $5.22 billion, up 17.4% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.88% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Texas Instruments?For Texas Instruments, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.66%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Texas Instruments will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Texas Instruments would post earnings of $1.37 per share when it actually produced earnings of $1.68, delivering a surprise of +22.63%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Texas Instruments appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Texas Instruments (NASDAQ:TXN | TXN Price Prediction) heads into Q2 2026 results on July 22 with a one-sided setup: Management’s own guidance points to a step-change quarter, free cash flow is inflecting and the two end markets driving the quarter (industrial and data center) are accelerating into the release rather than fading.
Start with the catalyst. Management guided Q2 revenue to $5.00 billion to $5.40 billion and EPS of $1.77 to $2.05, a midpoint that represents roughly 8% sequential growth, slightly above seasonal. TXN has beaten revenue in three of the last four quarters and Q1 2026 blew the doors off with a 23.15% EPS beat that triggered a 19.43% day-of pop. Polymarket traders now assign an 80.5% probability that Q2 Analog revenue clears $4 billion.
Industrial and Data Center Are Doing the Heavy Lifting Second, the end-market mix is compounding. In Q1 2026, industrial revenue rose more than 30% year over year and data center revenue was up roughly 90% year over year. CEO Haviv Ilan told analysts, “The combination of a broad portfolio, ability to support the rack and the board, ability to supply at scale, and a geopolitically dependable location is unique and not easy to replicate.” Industrial demand is still 15% below the 2022 peak, so the recovery has real runway before it hits a wall.
Cash Generation Has Inflected Third, the cash flow story is the reason retirement-focused investors get paid to wait. Trailing twelve-month free cash flow reached $4.4 billion, up from $1.7 billion in 2025. Q1 2026 free cash flow alone jumped 610% year over year as capex moderated. Ilan told the Street, “Assuming we do not have another false start, it is very likely we will be at $8 free cash flow per share for 2026.” TXN returned $6 billion to shareholders over the trailing twelve months and continues to bank CHIPS Act support, including $555 million in direct Q1 funding for the Sherman, Texas 300mm fab.
The stock is already confirming the story. As of Monday, July 13, shares are up nearly 69% year to date. The internal AI model price target sits at $340.43, above the Wall Street consensus of $298, and 17 Buy ratings outweigh the two Sell ratings.
The story to watch heading into the July 22 close: whether TXN’s guide-and-beat pattern holds one more time.
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In the latest close session, Texas Instruments (TXN - Free Report) was up +2.34% at $305.55. The stock's performance was ahead of the S&P 500's daily gain of 0.38%. On the other hand, the Dow registered a gain of 0.02%, and the technology-centric Nasdaq increased by 0.9%.
Heading into today, shares of the chipmaker had lost 4.71% over the past month, lagging the Computer and Technology sector's loss of 1.5% and the S&P 500's gain of 1.27%.
Market participants will be closely following the financial results of Texas Instruments in its upcoming release. The company plans to announce its earnings on July 22, 2026. The company's upcoming EPS is projected at $1.9, signifying a 34.75% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $5.22 billion, up 17.39% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.66 per share and a revenue of $20.76 billion, indicating changes of +40.55% and +17.38%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Texas Instruments. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, Texas Instruments holds a Zacks Rank of #3 (Hold).
In the context of valuation, Texas Instruments is at present trading with a Forward P/E ratio of 38.96. This indicates a discount in contrast to its industry's Forward P/E of 54.78.
It's also important to note that TXN currently trades at a PEG ratio of 1.5. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Semiconductor - General stocks are, on average, holding a PEG ratio of 0.97 based on yesterday's closing prices.
The Semiconductor - General industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 18, placing it within the top 8% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Advanced Micro Devices (AMD +2.13%) and Texas Instruments (TXN +0.95%) represent two different ways to play the semiconductor market. Choosing between them depends on whether you prefer high-growth expansion or a steady, diversified chip manufacturer.
AMD focuses on high-performance processors and artificial intelligence accelerators for data centers and gaming. Texas Instruments designs analog chips that manage power and signals in everything from cars to industrial machinery. Comparing these two helps identify which aligns with your personal risk tolerance and growth goals.
Advanced Micro Devices focuses on high-performance computing through its processors and graphics units. The company expanded its presence in the artificial intelligence infrastructure market by acquiring ZT Systems and MEXT. It relies on a few major partners like Microsoft and Sony, meaning customer concentration like this adds a layer of risk to the business.
In FY 2025, revenue reached nearly $34.6 billion, representing a significant 34.3% increase over the previous year. This growth helped the business generate a net income of approximately $4.3 billion. The net margin, which measures how much of each dollar earned becomes profit, was roughly 12.5% during this period.
As of its December 2025 balance sheet, the debt-to-equity ratio is roughly 0.1x, indicating that total debt is very low compared to shareholder equity. The current ratio is approximately 2.9x, indicating the company has nearly three times the short-term assets to cover its immediate liabilities. Free cash flow, or cash from operations minus capital expenditures, reached about $6.7 billion. Note that stock-based compensation accounted for roughly 21.2% of operating cash flow, thereby inflating reported cash generation, since SBC is a non-cash expense added back in the cash flow statement.
The case for Texas InstrumentsTexas Instruments operates a massive catalog of analog and embedded chips used in industrial, automotive, and personal electronics. The company serves more than 100,000 customers globally, which reduces its exposure to any single client. It has shifted toward a direct sales model to build deeper ties with engineers and manufacturers among semiconductor stocks globally.
During FY 2025, the company reported revenue of roughly $17.7 billion, which is a 13.0% increase from the prior year. Net income for the period was approximately $5.0 billion. The net margin was a robust 28.3%, reflecting the long-term profitability of its specialized chip portfolio.
Based on the December 2025 balance sheet, the debt-to-equity ratio is roughly 0.9x, showing how much the company uses borrowing relative to equity. The current ratio is approximately 4.4x, suggesting the company maintains a large cushion of short-term assets. Free cash flow for the year was nearly $2.6 billion, helping support its long-term manufacturing investments.
Risk profile comparisonAMD faces volatility from export controls, particularly U.S. government regulations on shipping high-end AI chips to China. The company depends on third-party foundries like TSMC (TSM 0.55%) for manufacturing, which creates risks related to supply constraints and capacity allocation. It also faces fierce competition from Intel (INTC 2.47%) and Nvidia (NVDA +3.90%) in its core processor and AI accelerator markets.
Texas Instruments faces intense pricing pressure from global competitors that may receive government incentives in Asia. Its business is highly sensitive to the economic cycles of the industrial and automotive markets, where demand can fluctuate suddenly. Furthermore, its heavy investment in internal manufacturing leads to high depreciation costs and financial sensitivity if factories are not fully utilized.
Valuation comparisonTexas Instruments appears cheaper because it trades at a lower forward P/E (price relative to future earnings estimates) and P/S ratio (price relative to sales).
MetricAdvanced Micro DevicesTexas InstrumentsSector BenchmarkForward P/E69.5x38.3x357.0xP/S ratio24.4x15.2xSector benchmark uses the SPDR XLK sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Which stock would I buy in 2026?The demand for semiconductors is growing rapidly, and both of these companies stand to benefit. Which stock is the better buy in 2026?
AMD’s data center business has fueled strong revenue growth. It’s been steadily expanding its presence in AI accelerators and processors, gaining ground on larger rivals. If that momentum continues, AMD appears well positioned to deliver strong revenue and earnings growth in the years ahead. However, investors may find that its rich valuation leaves no room for errors, and it must continue to work very hard to compete with rivals such as Nvidia.
Texas Instruments isn’t quite as centered on the AI sector. It focuses on chips used across many industries, including factory equipment and automobiles. This does include AI data centers, but mostly in the realm of power management. Texas Instruments has also posted solid results, and unlike AMD, it manufactures its own chips rather than outsourcing production. Also unlike AMD, Texas Instruments pays a dividend.
AMD offers more upside, while Texas Instruments provides a steadier, more conservative investment. However, there are so many factors involved in the success of chipmakers and other players in the AI sector that, if it were my money, I’d put it into an ETF that invests broadly in a diverse selection of tech-related companies instead.
Key Takeaways TXN's Embedded processing revenues rose 12% to $723 million in Q1'26, while profit more than tripled.Texas Instruments benefits from rising chip use in factories, vehicles, medical devices and networks.TXN's Internal 300-mm wafer production lowers costs and improves supply reliability as demand recovers. Texas Instruments Incorporated’s (TXN - Free Report) embedded processing business has returned to healthy growth, raising hopes that the segment can remain an important driver of the company’s long-term performance. Although the analog business remains the largest contributor, embedded processing is benefiting from improving industrial demand and increasing semiconductor content across connected devices, vehicles and factory automation.
In the first quarter of 2026, embedded processing revenues increased 12% year over year to $723 million. The segment’s operating profit more than tripled to $122 million from $40 million a year earlier, reflecting stronger sales and better factory utilization. The recovery shows that customer inventory adjustments are easing and end-market demand is gradually improving.
Texas Instruments is well-positioned to benefit from long-term growth trends. Its portfolio of microcontrollers and processors is widely used in industrial equipment, automotive systems, medical devices and communications infrastructure. Growing adoption of smart factories, advanced driver-assistance systems and connected industrial equipment is expected to increase demand for embedded chips over the coming years.
The company also benefits from its manufacturing strategy. Greater use of internally produced 300-millimeter wafers helps lower production costs while improving supply reliability. This gives Texas Instruments an advantage in serving customers during periods of rising demand.
However, management remains cautious about the second half of 2026 due to macroeconomic uncertainty and uneven demand across some markets. Automotive demand also remains mixed in certain regions. Even so, improving industrial activity, growing automation investments and expanding applications for embedded processors provide a favorable backdrop.
If these trends continue, Texas Instruments’ embedded business appears well-positioned to extend its double-digit growth run and contribute meaningfully to overall revenue and profit growth. The Zacks Consensus Estimate for TXN’s 2026 embedded processing revenues is currently pegged at $3 billion, indicating 11.4% year-over-year growth.
How Rivals Fare Against TXN in the Embedded Chip MarketMicrochip Technology Incorporated (MCHP - Free Report) and NXP Semiconductors N.V. (NXPI - Free Report) are two leading competitors of Texas Instruments in the embedded processing market.
Microchip Technology offers a broad portfolio of microcontrollers, microprocessors and connectivity solutions used in industrial automation, automotive electronics and aerospace applications. The company is benefiting from broad-based demand improvement across end markets, stronger customer engagement and normalization of inventory levels across its supply and distribution channels. In the last reported financial results for the fourth quarter of fiscal 2026, Microchip Technology’s revenues surged 35% year over year to $1.31 billion.
NXP Semiconductors is another strong rival, with a leading position in automotive processors, secure connectivity and industrial embedded systems. Automotive accounts for more than half of NXPI’s revenue, supported by growing semiconductor content in electric vehicles and advanced driver-assistance systems. NXP Semiconductors is also expanding its edge AI and industrial IoT offerings to capture long-term growth opportunities. However, softer vehicle production in Europe and China has weighed on near-term sales. In the first quarter of 2026, NXP Semiconductors’ revenues increased 12% year over year to $3.18 billion.
TXN’s Price Performance, Valuation and EstimatesShares of Texas Instruments have soared 77.8% year to date compared with the Zacks Semiconductor - General industry’s 19.3% growth.
From a valuation standpoint, TXN trades at a forward price-to-earnings ratio of 37.43, significantly higher than the industry’s average of 22.65.
Texas Instruments Forward 12-Month P/S Ratio
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Texas Instruments’ 2026 and 2027 earnings implies a year-over-year increase of 40.6% and 14.4%, respectively. Estimates for 2026 have remained unchanged over the past 60 days, while estimates for 2027 have been revised upward during the same time frame.
Image Source: Zacks Investment Research
Texas Instruments currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the latest trading session, Texas Instruments (TXN - Free Report) closed at $301.14, marking a +2.67% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.28%. Elsewhere, the Dow lost 1.09%, while the tech-heavy Nasdaq added 0.2%.
Shares of the chipmaker have appreciated by 1.62% over the course of the past month, outperforming the Computer and Technology sector's loss of 1.22%, and lagging the S&P 500's gain of 1.64%.
The investment community will be paying close attention to the earnings performance of Texas Instruments in its upcoming release. The company is slated to reveal its earnings on July 22, 2026. The company is forecasted to report an EPS of $1.9, showcasing a 34.75% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $5.22 billion, showing a 17.39% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.66 per share and revenue of $20.76 billion, indicating changes of +40.55% and +17.38%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Texas Instruments. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Texas Instruments presently features a Zacks Rank of #2 (Buy).
Digging into valuation, Texas Instruments currently has a Forward P/E ratio of 38.27. For comparison, its industry has an average Forward P/E of 53.82, which means Texas Instruments is trading at a discount to the group.
It's also important to note that TXN currently trades at a PEG ratio of 1.47. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Semiconductor - General stocks are, on average, holding a PEG ratio of 0.95 based on yesterday's closing prices.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 19, finds itself in the top 8% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Texas Instruments (TXN - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this chipmaker have returned +1.6%, compared to the Zacks S&P 500 composite's +1.6% change. During this period, the Zacks Semiconductor - General industry, which Texas Instruments falls in, has lost 2.4%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Texas Instruments is expected to post earnings of $1.90 per share for the current quarter, representing a year-over-year change of +34.8%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
For the current fiscal year, the consensus earnings estimate of $7.66 points to a change of +40.6% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $8.77 indicates a change of +14.4% from what Texas Instruments is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Texas Instruments is rated Zacks Rank #2 (Buy).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Texas Instruments, the consensus sales estimate for the current quarter of $5.22 billion indicates a year-over-year change of +17.4%. For the current and next fiscal years, $20.76 billion and $22.81 billion estimates indicate +17.4% and +9.9% changes, respectively.
Last Reported Results and Surprise HistoryTexas Instruments reported revenues of $4.83 billion in the last reported quarter, representing a year-over-year change of +18.6%. EPS of $1.68 for the same period compares with $1.28 a year ago.
Compared to the Zacks Consensus Estimate of $4.52 billion, the reported revenues represent a surprise of +6.79%. The EPS surprise was +22.63%.
Over the last four quarters, Texas Instruments surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Texas Instruments is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Texas Instruments. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.
