TXNTexas Instruments Incorporated
Texas Instruments Incorporated sells analog and digital semiconductors used in everything from smartphones to industrial automation. Its next catalyst is Oct 21, 2026 — Q3 2026 Earnings Release & Analog Channel Inventory Check, which will test whether its AI-driven demand is translating into stronger-than-expected revenue and whether its analog channel is clearing out excess inventory.
- Revenue hit $19.48B in 2026, up 13% YoY, with net income of $6.18B and free cash flow of $5.43B.
- Net margin stands at 31.7%, with a debt-to-equity ratio of 0.89x.
- Free cash flow is the engine here, not just revenue — it’s the cash that fuels reinvestment and dividends.
The schedule
- Wed21Oct
TXN reports Q3 2026 results against a backdrop of fully priced-in AI exuberance and a lagging industrial cycle. We expect a favorable print to test $292.00 as automotive electrification drives incremental upside, but highlight a rigid downside floor of $250.00 if trailing macro headwinds pressure analog billings.
- Tue9Feb
The Q4 report will detail TXN's 2027 capital expenditure budget, an essential metric given the ongoing Sherman, Texas facility build-out. A constructive capex moderation path could propel shares toward $315.00, whereas bloated forward spend estimates risk a repricing toward $315.00.
- Fri23Apr
By Q1 2027, the prolonged inventory digestion in industrial end-markets should be normalizing. Confirmation of a bookings bottom would support a run to $330.00, while delayed recovery risks a punishing reset to $285.00.
- Fri23Jul
Mid-year 2027 results will serve as the proving ground for TXN's structural margin expansion, testing whether the utilization rates at their new 300mm fabs can sustainably lift gross margins toward our $352.00 target or disappoint to $305.00.
Past
- Tue28Jul
Actual outcome: Mixed · $258.64 at outcome
Texas Instruments reported Q2 2026 EPS of $1.70, exactly matching analyst estimates, alongside strong revenue growth and expanding margins driven by AI demand. Despite upbeat guidance and multiple analyst upgrades citing robust momentum in data center and automotive markets, the stock remained flat over the following month, as the positive fundamentals were likely already priced into its rich valuation heading into the print.
Texas Instruments reported Q2 2026 EPS of $1.70, exactly matching analyst estimates, alongside strong revenue growth and expanding margins driven by AI demand. Despite upbeat guidance and multiple analyst upgrades citing robust momentum in data center and automotive markets, the stock remained flat over the following month, as the positive fundamentals were likely already priced into its rich valuation heading into the print.