TXN
Texas Instruments Incorporated
Price as of Jul 20, 2026
TXN earnings
Texas Instruments Incorporated earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 22, 2026 | $1.36 | $1.68 | +23.5% | $4.8B | +6.6% |
| Jan 27, 2026 | $1.29 | $1.27 | -1.6% | $4.4B | -0.3% |
| Oct 21, 2025 | $1.49 | $1.48 | -0.7% | $4.7B | +2.1% |
| Jul 22, 2025 | $1.36 | $1.41 | +3.7% | $4.4B | +1.9% |
| Apr 23, 2025 | $1.07 | $1.28 | +19.6% | $4.1B | +4.1% |
| Jan 23, 2025 | $1.20 | $1.30 | +8.3% | $4.0B | +3.2% |
| Oct 22, 2024 | $1.38 | $1.47 | +6.5% | $4.2B | +0.8% |
| Jul 23, 2024 | $1.17 | $1.22 | +4.3% | $3.8B | +0.0% |
| Jan 23, 2024 | $1.47 | $1.49 | +1.4% | $4.1B | -1.0% |
| Jul 25, 2023 | $1.76 | $1.87 | +6.3% | $4.5B | +3.7% |
| Jan 24, 2023 | $1.98 | $2.13 | +7.6% | $4.7B | +1.2% |
| Jul 26, 2022 | $2.12 | $2.45 | +15.6% | $5.2B | +12.3% |
Earnings call summary
Q1 FY2026 · April 22, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Announced agreement to acquire Silicon Labs, expected to close in first half of 2027. • First quarter revenue overview: $4.8 billion, up 9% sequentially and 19% year-over-year. • Market environment: Semiconductor market recovery continuing, well positioned with inventory and capacity. • Capital management: Cash flow from operation $1.5 billion in quarter, $7.8 billion on 12-month basis; capital expenditures $676 million in quarter, $4.1 billion over last 12 months; free cash flow on 12-month basis $4.4 billion; returned $6 billion to owners in past 12 months; balance sheet strong with $5.1 billion of cash and short-term investments. • Continue to invest in competitive advantages like manufacturing, technology, broad product portfolio, etc.
Guidance
Expect TI's revenue in second quarter to be in the range of $5 billion to $5.4 billion, and earnings per share to be in the range of $1.77 to $2.05. Effective tax rate expected to be about 13% in second quarter.
Segment performance
First quarter revenue was $4.8 billion, an increase of 9% sequentially and 19% year-over-year. Analog revenue grew 22% year-on-year, embedded processing grew 12%, and the other segment declined 16% from the year-ago quarter. Analog and embedded both grew sequentially and year-on-year. Industrial increased more than 30% year on year and was up more than 20% sequentially, automotive increased mid-single digits year on year and was about flat sequentially, data center grew about 90% year on year and grew more than 25% sequentially, personal electronics was flat year-on-year and grew low single digits sequentially, and communications equipment grew about 25% year-on-year and grew more than 30% sequentially.
Analyst Q&A
Q: Tim Arcuri with UBS asked about customer behavior, rush orders, price increases.
A: Growth led by industrial and data center, similar to Q4, industrial growth broader across sectors and regions.
Q: Vivek Arya with Bank of America asked about industrial growth drivers.
A: Industrial growth still below 2022 peak, broad application growth, secular growth continuing.
Q: Joe Moore with Morgan Stanley asked about fab loading, inventory, gross margin.
A: Well positioned in inventory, can modulate fab loadings, gross margin in fall through 75%-85% guided.
Q: Stacy Raskin with Bernstein Research asked about gross margin drivers.
A: Expect OPEX growth, acquisition charges line to consider.
Q: Ross Seymour with Deutsche Bank asked about first quarter surprise, pricing.
A: Pricing stable, breadth of demand drove Q1, second half unknown.
Q: Tori Sonberg with Stifel asked about data center power moats.
A: Unique combination of broad portfolio, ability to support customers, R&D investment.
Q: Matthew Prisco with Cantor Fitzgerald asked about capex, depreciation, CHIPS Act.
A: Capex $2 - $3 billion in 2026, no change to depreciation expectations, CHIPS Act direct funding remaining to be received.
Q: Joe Quattrochi with Wells Fargo asked about seasonality, free cash flow.
A: Second and third quarters typically stronger, free cash flow per share likely high.
Q: Chris Queso with Wolf Research asked about fab loadings, pricing.
A: Comfortable with fab loadings and inventory, pricing follows market, depends on demand sustainability
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-07-22.