TEXAS INSTRUMENTS INC (TXN) Earnings History
TEXAS INSTRUMENTS INC - Q1 2026 EarningsBeat
EXECUTIVE SUMMARY
Texas Instruments reported a strong first quarter with significant year-over-year growth in revenue and net income, driven by robust demand in industrial and data center markets. The company highlighted its consistent cash flow generation and substantial returns to shareholders, while also providing a positive outlook for the second quarter.
POSITIVE HIGHLIGHTS
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Revenue increased 19% year-over-year to $4.83 billion, with growth led by industrial and data center markets.
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Net income grew 31% year-over-year to $1.55 billion.
positive - •
Diluted earnings per share increased 31% year-over-year to $1.68, including a 5-cent benefit not in original guidance.
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Cash flow from operations for the trailing 12 months was $7.8 billion, underscoring business model strength.
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Free cash flow for the trailing 12 months was $4.4 billion, a 154% increase year-over-year.
positive - •
Dividends paid increased 4% year-over-year to $5.05 billion over the trailing 12 months.
positive
CONCERNS & RISKS
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Stock repurchases decreased 38% year-over-year to $982 million for the trailing 12 months, indicating a shift in capital return strategy.
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Acquisition charges of $17 million were recorded in the current quarter.
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Inventories increased by $109 million sequentially, though finished goods inventory decreased slightly.
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R&D expenses were slightly down year-over-year ($510M vs $517M), and SG&A expenses also decreased ($464M vs $472M), potentially indicating a moderation in investment.
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FINANCIAL METRICS
MARGIN ANALYSIS
Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
REVENUE BY SEGMENT — Q1 2026 2026
VISUAL OVERVIEW
DETAILED BREAKDOWN
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Analog | N/A | — | — | — |
Embedded Processing | N/A | — | — | — |
Other | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
MANAGEMENT GUIDANCE
Q2 2026
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
EARNINGS CALL —
SPECIAL ITEMS & ADJUSTMENTS
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
MANAGEMENT COMMENTARY
Revenue increased 9% sequentially and 19% from the same quarter a year ago with growth led by industrial and data center.
Our cash flow from operations of $7.8 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 $4.4 billion.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
OPERATIONAL METRICS
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.