Texas Instruments Incorporated (TXN) Earnings
Texas Instruments Incorporated is expected to report next earnings on July 28, 2026 (in NaN days), with a consensus EPS estimate of $1.90. TXN has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +6.2% over the last four).
| 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% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
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