TXN revenue up 19% YoY; announces $7.5B Silicon Labs acquisition; capex cycle ending

Filed April 24, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 24, 2025 · ~1 min read

Key Changes

• high

  Announced $7.5B all-cash acquisition of Silicon Labs, expected to close H1 2027, funded with cash and new debt. Represents major strategic expansion and first large M&A in years.

  MD&A: Silicon Labs acquisition verify on EDGAR →
• high

  Nearing end of six-year elevated capex cycle; 2026 spending guided to $2-3B vs $4.1B trailing 12-month run rate. Free cash flow more than doubled to $4.4B from $1.7B.

  MD&A: Manufacturing strategy and capex guidance verify on EDGAR →
• high

  Q1 revenue grew 19% YoY to $4.83B led by industrial and data center; operating margin expanded 500bp to 37.5%. Embedded Processing margin recovered to 16.9% from 6.2%.

  MD&A: Revenue and margin performance verify on EDGAR →