Texas Instruments is executing a strategic pivot toward 300mm manufacturing, which is driving record gross margins of 61.4% and operating leverage that boosted operating income 43.8% YoY in 2026Q2.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue surged 22.8% YoY to $5.5B in 2026Q2, with gross margin expanding to 61.4% and operating margin to 42.3%, reflecting strong operating leverage and 300mm mix benefits.
TXN reported a 19% year-over-year revenue increase and EPS exceeded estimates, indicating robust demand recovery.
Stifel upgraded TXN to 'Buy' with a $250 target, while Bank of America set a $320 target, reflecting optimism about free cash flow growth.
The nearing completion of TXN's heavy capex cycle is expected to lead to a significant boost in free cash flow in 2026.
TXN's performance is heavily reliant on the cyclical semiconductor industry, which poses risks during downturns.
Higher memory costs may lead to demand destruction, impacting TXN's growth prospects.
Some analyses suggest TXN could be overvalued based on DCF analysis, raising concerns about its current price.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 21, 2026 | $2.62+7.4% vs $2.44 | $6.1B+1.9% vs $5.9B |
Q3 2026 Jul 22, 2026 | $2.14+10.3% vs $1.94 | $5.5B+3.9% vs $5.3B |
Q2 2026 Apr 22, 2026 | $1.68+23.5% vs $1.36 | $4.8B+6.6% vs $4.5B |
Q1 2026 Jan 27, 2026 | $1.27-1.6% vs $1.29 | $4.4B-0.3% vs $4.4B |
Traders now price an 80% chance the Fed hikes again in December, and Treasuries yield more than every dividend stock on this list. Four income names have a record of thriving through tightening cycles, but each carries a risk worth knowing first.
Pre-certified multiprotocol module and advanced IO-Link master expand TI's industrial communication portfolio to enable a future-ready industrial networking ecosystem News highlights: The TICS100MOD is the industry's smallest fully featured, multiprotocol communications SoM, streamlining Industrial Ethernet integration by supporting EtherCAT, EtherNet/IP and Profinet on a single, compact piece of hardware. The TIOM2212 is an advanced dual-channel IO-Link master that bridges the gap between field devices and Industrial Ethernet networks, simplifying the integration of sensors and actuators into factory control systems.
Tesla plans to build a million Optimus robots in 2027. That expansion could boost TI's annual analog revenue by up to $500 million.
ADI, TSM, TXN and NVDA stand to benefit from soaring semiconductor sales, robust AI demand and heavy investment in AI infrastructure.
Benchmark TXN against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Texas Instruments Incorporated (TXN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $277.36 | $253.3B | 50.89 | 13.05% | 28.28% | 30.15% | 1.97% | |
| $363.56 | $177.09B | 79.73 | 16.89% | 29.79% | 12.26% | 1.07% | |
| $58.35 | $31.68B | 224.42 | 7.08% | 8.8% | 6.9% | 3.08% | |
| $41.72 | $37.24B | 231.78 | -10.8% | 3.81% | 2.86% | 0.83% | |
| $248.29 | $62.61B | 31.23 | -2.74% | 23.5% | 28.23% | 1.62% | |
| $63.31 | $24.64B | 218.31 | -15.35% | 10.82% | 9.24% | — |
Texas Instruments Incorporated (TXN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Texas Instruments Incorporated (TXN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 21, 2026·SEC
Jul 22, 2026·SEC
Jun 2, 2026·SEC
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Texas Instruments Incorporated (TXN) stock FAQ — growth, dividends, profitability & financials explained
Texas Instruments Incorporated (TXN) reported $20.77B in revenue over the trailing twelve months. Revenue was $17.68B in fiscal year 2025. That is 78% more than the $9.94B of fiscal year 1996.
Texas Instruments Incorporated (TXN) grew revenue by 13.0% in fiscal year 2025, compared with the prior fiscal year.
Yes. Texas Instruments Incorporated (TXN) earned $7.11B in net income over the trailing twelve months (a 34.3% net margin).
Yes. Texas Instruments Incorporated (TXN) pays a dividend that yields 1.97% at the current price, a moderate yield.
Texas Instruments Incorporated (TXN) had a return on equity (ROE) of 30.1% in fiscal year 2025. That is well above the market's typical 10-15%.
Texas Instruments Incorporated (TXN) generated $7.32B in free cash flow over the trailing twelve months.
