Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when TXN files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsTexas Instruments reports Q2 2026 revenue of $5.46B (+23% YoY), EPS $2.14; guides Q3 to $5.65B-$6.15B
Filed July 22, 2026 · Period ending July 22, 2026 · ~1 min read
Key Changes
-
high
Q2 2026 revenue $5.46B (+23% YoY), net income $1.98B (+53% YoY), EPS $2.14 (+52% YoY); EPS included 5-cent benefit not in original guidance
Exhibit 99 view on EDGAR → -
high
Q3 2026 guidance: revenue $5.65B-$6.15B, EPS $2.23-$2.57; midpoint implies sequential revenue growth from Q2
Exhibit 99 view on EDGAR → -
high
Trailing 12-month operating cash flow $8.7B, free cash flow $6.5B (33.6% of revenue); returned $5.8B to shareholders ($5.1B dividends, $707M buybacks)
Exhibit 99 view on EDGAR → -
medium
Received $850M in CHIPS Act benefits in Q2 ($549M proceeds, $301M investment tax credits); $1.18B total for trailing 12 months
Exhibit 99 view on EDGAR → -
medium
Analog segment revenue $4.37B (+26% YoY), operating profit $1.99B (+50% YoY); Embedded Processing revenue $788M (+16% YoY), operating profit $168M (+98% YoY)
Exhibit 99 view on EDGAR →
Summary
Texas Instruments reported strong Q2 2026 results with revenue of $5.46 billion, up 23% year-over-year, and EPS of $2.14, up 52%. The company's Analog segment drove growth with 26% revenue growth and 50% operating profit expansion, while Embedded Processing showed even stronger operating leverage with 98% profit growth on 16% revenue growth. The results demonstrate improved manufacturing efficiency and utilization.
Cash generation remained robust, with trailing 12-month operating cash flow of $8.7 billion and free cash flow of $6.5 billion representing 33.6% of revenue. The company returned $5.8 billion to shareholders over the period while investing $3.3 billion in capital expenditures. TI also received $850 million in CHIPS Act benefits during Q2, supporting its manufacturing expansion.
For Q3 2026, TI guided to revenue of $5.65-$6.15 billion and EPS of $2.23-$2.57, with the midpoint implying continued sequential growth. The guidance reflects ongoing strength in the semiconductor cycle and the company's execution on capacity expansion.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Texas Instruments disclosed Q2 2026 financial results via press release, including non-GAAP free cash flow metrics.
Added in current filing · verify on EDGAR →
The Registrant’s news release dated July 22, 2026, regarding its second-quarter results of operations and financial condition is attached hereto as Exhibit 99.
Texas Instruments issued its second-quarter 2026 earnings results on July 22, 2026. The full results are contained in the attached press release (Exhibit 99), which this 8-K incorporates by reference.
Added in current filing · verify on EDGAR →
The attached news release includes references to the following financial measures that were not prepared in accordance with generally accepted accounting principles in the United States (non-GAAP measures): free cash flow and ratios based on free cash flow.
The earnings release includes non-GAAP measures, specifically free cash flow and related ratios. The company states these metrics provide insight into liquidity, cash generation capability, and cash available for shareholder returns. Reconciliations to GAAP measures are included in the press release.
Event · Exhibit 99
Texas Instruments reported Q2 2026 revenue of $5.46B (+23% YoY), EPS of $2.14, and provided Q3 guidance of $5.65B-$6.15B revenue and $2.23-$2.57 EPS.
Added in current filing · view on EDGAR →
Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported second quarter revenue of $5.46 billion, net income of $1.98 billion and earnings per share of $2.14. Earnings per share included a 5-cent benefit that was not in the company's original guidance.
TI reported Q2 2026 revenue of $5.46 billion, net income of $1.98 billion, and EPS of $2.14. Revenue increased 23% year-over-year from $4.45 billion, while net income rose 53% from $1.30 billion. The EPS of $2.14 was up 52% from $1.41 in Q2 2025 and included a 5-cent benefit not in original guidance.
Added in current filing · view on EDGAR →
Our cash flow from operations of $8.7 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300mm production. Free cash flow for the same period was $6.5 billion. ... Over the past 12 months we invested $3.9 billion in R&D and SG&A, invested $3.3 billion in capital expenditures and returned $5.8 billion to owners.
For the trailing 12 months ended Q2 2026, TI generated $8.7 billion in operating cash flow and $6.5 billion in free cash flow, representing 33.6% of revenue. The company invested $3.9 billion in R&D and SG&A, $3.3 billion in capital expenditures, and returned $5.8 billion to shareholders through $5.1 billion in dividends and $707 million in stock repurchases.
Added in current filing · view on EDGAR →
TI's third quarter outlook is for revenue in the range of $5.65 billion to $6.15 billion and earnings per share between $2.23 and $2.57.
TI provided Q3 2026 guidance with revenue expected between $5.65 billion and $6.15 billion, and EPS between $2.23 and $2.57. The midpoint of the revenue guidance ($5.90 billion) represents sequential growth from Q2's $5.46 billion.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 22, 2026 · How we verify