Jun 2026 (Q2 FY26) — Jul 22, 2026
Texas Instruments Q2 FY26 — Broad Market Strength and Above-Seasonal Guidance
Read the full callTexas Instruments (TXN) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Texas Instruments earnings: last reported Wed, 22 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 5,463 | +22.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 42.3 | +7.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1,980 | +52.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
32 of 35 judged targets kept · 31 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Next-quarter earnings per share guidance | $1.77 to $2.05 | Mar 2026 | Net income in the quarter was $2 billion or $2.14 per share | Achieved |
| Gross margin fall-through excluding depreciation | 75% to 85% | Jun 2024 | then you have the fall-through of 70% to 85%, excluding depreciation | Revised Down |
| Full-year capital expenditures | $2 billion to $5 billion | Dec 2024 | it continues to be $2 billion to $3 billion. I could not skew it -- I would not skew it or bias it lower | On Track |
3 of TEXAS INSTRUMENTS INC's 66 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 63 more targets are in the full ledger.
Claimed
- Revenue reached $5.5 billion, an increase of 23% year-over-year and 13% sequentially, exceeding the guidance range.
- Industrial revenue surged approximately 30% year-on-year and 10% sequentially, demonstrating broad-based growth.
- Data center revenue doubled year-on-year and grew around 20% sequentially, driven by strong demand.
- Automotive revenue increased mid-teens year-on-year and upper single digits sequentially, showing an inflection led by EVs and customer inventory depletion.
- Trailing 12-month free cash flow was $6.5 billion, significantly up from $1.8 billion in Q2 FY25, supported by $1.6 billion in CHIPS Act incentives.
Qualified
- Personal electronics revenue was flat year-on-year in Q2 and is expected to grow sequentially in Q3 at a lower level than typical due to customer shortages.
- Operating expenses, net other income and expense, and acquisition charges are expected to be flat from Q2 to Q3, potentially limiting gross margin expansion despite increased volume.
Price
$276.15 −0.12% · −$0.33
Performance +56.4% 1Y
1Y: $176.58 on 17 Oct 2025 → $276.15. High $332.28 (22 Jun 2026), low $153.33 (20 Nov 2025).
- Previous close
- $276.48
- 52-week range
- $153.33 – $332.28
- One year
- +53.77%
Overview
- Symbol
- TXN
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
32 of 35 judged targets kept · 31 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Next-quarter earnings per share guidance | $1.77 to $2.05 | Mar 2026 | Net income in the quarter was $2 billion or $2.14 per share | Achieved |
| Gross margin fall-through excluding depreciation | 75% to 85% | Jun 2024 | then you have the fall-through of 70% to 85%, excluding depreciation | Revised Down |
| Full-year capital expenditures | $2 billion to $5 billion | Dec 2024 | it continues to be $2 billion to $3 billion. I could not skew it -- I would not skew it or bias it lower | On Track |
Claimed
- Revenue reached $5.5 billion, an increase of 23% year-over-year and 13% sequentially, exceeding the guidance range.
- Industrial revenue surged approximately 30% year-on-year and 10% sequentially, demonstrating broad-based growth.
- Data center revenue doubled year-on-year and grew around 20% sequentially, driven by strong demand.
- Automotive revenue increased mid-teens year-on-year and upper single digits sequentially, showing an inflection led by EVs and customer inventory depletion.
- Trailing 12-month free cash flow was $6.5 billion, significantly up from $1.8 billion in Q2 FY25, supported by $1.6 billion in CHIPS Act incentives.
Qualified
- Personal electronics revenue was flat year-on-year in Q2 and is expected to grow sequentially in Q3 at a lower level than typical due to customer shortages.
- Operating expenses, net other income and expense, and acquisition charges are expected to be flat from Q2 to Q3, potentially limiting gross margin expansion despite increased volume.
The full ledger
Open TEXAS INSTRUMENTS INC’s full ledger
A free account opens 5 company ledgers a month. All 66 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 22, 2026
Texas Instruments Q1 FY26 — Strong Industrial and Data Center Growth Drives Beat and Raised Q2 Guidance
Read the full callDec 2025 (Q4 FY25) — Jan 27, 2026
Texas Instruments Q4 FY25 — Strong Q1 Guidance Driven by Industrial Recovery and Data Center Growth
Read the full callEvery analysed call
Texas Instruments earnings calls (TXN)
Financials
What the filings say
Net profit, year on year: +53% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,151 | 4,007 | 4,069 | 4,448 | 4,742 | 4,423 | 4,825 | 5,463 |
| Operating profit | 1,554 | 1,377 | 1,324 | 1,563 | 1,663 | 1,473 | 1,808 | 2,310 |
| Operating margin | 37.4% | 34.4% | 32.5% | 35.1% | 35.1% | 33.3% | 37.5% | 42.3% |
| Profit before tax | 1,554 | 1,359 | 1,276 | 1,478 | 1,584 | 1,372 | 1,714 | 2,238 |
| Tax rate | 12.4% | 11.3% | 7.6% | 12.4% | 13.9% | 15.2% | 9.9% | 11.5% |
| Net profit | 1,362 | 1,205 | 1,179 | 1,295 | 1,364 | 1,163 | 1,545 | 1,980 |
| EPS ($ per share) | 1.48 | — | 1.29 | 1.42 | 1.49 | — | 1.69 | 2.16 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1,741 | 1,741 | 1,741 | 1,741 | 1,741 | 1,741 | 1,741 | 1,741 |
| Reserves | 37,906 | 39,898 | 42,051 | 45,919 | 50,353 | 52,283 | 52,262 | 52,236 |
| Total liabilities | 8,143 | 9,111 | 10,164 | 11,343 | 12,630 | 15,451 | 18,606 | 18,312 |
| Fixed assets | 3,183 | 3,303 | 3,269 | 5,141 | 6,876 | 9,999 | 11,347 | 12,320 |
| Investments | 1,795 | 2,950 | 3,461 | 5,108 | 6,017 | 5,611 | 4,380 | 1,656 |
| Total assets | 17,137 | 18,018 | 19,351 | 24,676 | 27,207 | 32,348 | 35,509 | 34,585 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 7,189 | 6,649 | 6,139 | 8,756 | 8,720 | 6,420 | 6,318 | 7,153 |
| Cash from investing | -78 | -1,920 | -922 | -4,095 | -3,583 | -4,362 | -3,202 | -1,439 |
| Cash from financing | -6,329 | -4,730 | -4,547 | -3,137 | -6,718 | -2,144 | -2,880 | -5,689 |
| Net cash flow | 782 | -1 | 670 | 1,524 | -1,581 | -86 | 236 | 25 |
| Capital expenditure | -1,131 | -847 | -649 | -2,462 | -2,797 | -5,071 | -4,820 | -4,550 |
| Free cash flow | 6,058 | 5,802 | 5,490 | 6,294 | 5,923 | 1,349 | 1,498 | 2,603 |
TXN revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Analog | — | — | 79% | 78% | 79% | — | 81% | 80% | +26.4% |
| Embedded Processing | — | — | 16% | 15% | 15% | — | 15% | 14% | +16.1% |
| All Other Segments | 7% | 5% | 5% | 7% | 6% | 3% | 4% | 6% | -2.2% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- US 39%
- CN 22% ↑ 3 pt
- EMEA 20% ↓ 2 pt
- Rest Of Asia 11% ↑ 1 pt
- JP 6% ↓ 1 pt
- Rest Of World 2%
As TXN cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
129 filings between Oct 29, 2025 and Aug 27, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$119.03M
46 sales by 19 insiders
Compensation
not trading decisions- 25
- Award — granted as compensation
- 39
- Option exercise — converted options into shares
- 14
- Tax withheld — shares kept back by the company to cover tax
Also filed: 5 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Lizardi Rafael R | — | $41.71M | May 14, 2026 |
| Yunus Mohammad | — | $13.82M | Apr 29, 2026 |
| Gary Mark | — | $9.06M | Apr 30, 2026 |
| Roberts Mark T. | — | $8.86M | Apr 30, 2026 |
| Leonard Shanon J | — | $6.52M | May 11, 2026 |
| Ilan Haviv | — | $5.61M | May 4, 2026 |
| Ron Amichai | — | $5.00M | Apr 24, 2026 |
| BLINN MARK A | — | $4.86M | Apr 24, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 27, 2026 | Abraham Tsedeniya Sr. Vice President | Sale | 6,408 | $1.70M |
| Aug 27, 2026 | Abraham Tsedeniya Sr. Vice President | Sale | 592 | $156.9K |
| Aug 27, 2026 | Abraham Tsedeniya Sr. Vice President | Option exercise | 1,365 | $108.2K |
| Jul 24, 2026 | Knecht Julie C. VP & Chief Accounting Officer | Award | 7,154 | $0 |
| May 28, 2026 | Craighead Martin S Director | Sale | 357 | $114.6K |
| May 28, 2026 | Craighead Martin S Director | Sale | 9,643 | $3.09M |
| May 14, 2026 | Lizardi Rafael R Sr. Vice President & CFO | Sale | 1,459 | $451.5K |
| May 14, 2026 | Lizardi Rafael R Sr. Vice President & CFO | Sale | 14,156 | $4.37M |
| May 14, 2026 | BAHAI AHMAD Sr. Vice President | Sale | 5,000 | $1.55M |
| May 14, 2026 | Lizardi Rafael R Sr. Vice President & CFO | Option exercise | 47,734 | $8.34M |
| May 14, 2026 | Lizardi Rafael R Sr. Vice President & CFO | Sale | 32,119 | $9.89M |
| May 14, 2026 | BAHAI AHMAD Sr. Vice President | Option exercise | 5,000 | $550.8K |
| May 13, 2026 | COX CARRIE SMITH Director | Option exercise | 4,306 | $474.3K |
| May 13, 2026 | COX CARRIE SMITH Director | Sale | 8,393 | $2.57M |
| May 13, 2026 | COX CARRIE SMITH Director | Sale | 445 | $136.6K |
| May 13, 2026 | COX CARRIE SMITH Director | Option exercise | 4,532 | $473.2K |
| May 11, 2026 | Leonard Shanon J Sr. Vice President | Sale | 4,963 | $1.47M |
| May 5, 2026 | Leonard Shanon J Sr. Vice President | Tax withheld | 2,145 | $602.5K |
| May 4, 2026 | Ilan Haviv Chairman, President & CEO | Sale | 20,000 | $5.61M |
| May 4, 2026 | Ilan Haviv Chairman, President & CEO | Option exercise | 20,000 | $1.59M |
| May 1, 2026 | Knecht Julie C. VP & Chief Accounting Officer | Sale | 9,865 | $2.75M |
| May 1, 2026 | Knecht Julie C. VP & Chief Accounting Officer | Option exercise | 5,378 | $701.9K |
| May 1, 2026 | Knecht Julie C. VP & Chief Accounting Officer | Sale | 91 | $25.5K |
| Apr 30, 2026 | Knecht Julie C. VP & Chief Accounting Officer | Gift | 175 | $0 |
| Apr 30, 2026 | Roberts Mark T. Sr. Vice President | Option exercise | 3,231 | $355.9K |
| Apr 30, 2026 | Gary Mark Sr. Vice President | Sale | 13,689 | $3.82M |
| Apr 30, 2026 | Gary Mark Sr. Vice President | Option exercise | 13,689 | $1.79M |
| Apr 30, 2026 | Roberts Mark T. Sr. Vice President | Sale | 20,294 | $5.70M |
| Apr 30, 2026 | Roberts Mark T. Sr. Vice President | Sale | 7,786 | $2.17M |
| Apr 30, 2026 | Roberts Mark T. Sr. Vice President | Option exercise | 7,800 | $1.02M |
| Apr 30, 2026 | Roberts Mark T. Sr. Vice President | Option exercise | 6,800 | $710.0K |
| Apr 29, 2026 | Yunus Mohammad Sr. Vice President | Option exercise | 25,123 | $4.39M |
| Apr 29, 2026 | Yunus Mohammad Sr. Vice President | Option exercise | 12,286 | $2.08M |
| Apr 29, 2026 | Yunus Mohammad Sr. Vice President | Option exercise | 13,689 | $1.79M |
| Apr 29, 2026 | Yunus Mohammad Sr. Vice President | Sale | 21,923 | $5.91M |
| Apr 29, 2026 | Yunus Mohammad Sr. Vice President | Sale | 18,652 | $5.06M |
| Apr 29, 2026 | Yunus Mohammad Sr. Vice President | Sale | 10,523 | $2.85M |
| Apr 27, 2026 | Kane Katharine SVP and General Counsel | Sale | 1,950 | $528.7K |
| Apr 27, 2026 | BAHAI AHMAD Sr. Vice President | Sale | 3,660 | $982.4K |
| Apr 27, 2026 | BAHAI AHMAD Sr. Vice President | Option exercise | 3,660 | $290.1K |
| Apr 27, 2026 | Kane Katharine SVP and General Counsel | Sale | 4,175 | $1.13M |
| Apr 27, 2026 | Kane Katharine SVP and General Counsel | Option exercise | 5,025 | $878.4K |
| Apr 27, 2026 | Kane Katharine SVP and General Counsel | Option exercise | 1,100 | $143.6K |
| Apr 24, 2026 | Abraham Tsedeniya Sr. Vice President | Award | 7,217 | $0 |
| Apr 24, 2026 | Lizardi Rafael R Sr. Vice President & CFO | Sale | 22,065 | $6.04M |
| Apr 24, 2026 | Lizardi Rafael R Sr. Vice President & CFO | Option exercise | 40,541 | $6.86M |
| Apr 24, 2026 | PATSLEY PAMELA H Director | Sale | 4,306 | $1.19M |
| Apr 24, 2026 | PATSLEY PAMELA H Director | Option exercise | 4,306 | $474.3K |
| Apr 24, 2026 | Witzsche Christine Sr. Vice President | Sale | 3,625 | $998.8K |
| Apr 24, 2026 | Witzsche Christine Sr. Vice President | Option exercise | 978 | $127.6K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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