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TXN · Q2 2026

TEXAS INSTRUMENTS INC

Reported 2026-07-22
BEAT
43EarnIQ signal
↗

Confidence rising

Mild quarter-over-quarter shift

Robust revenue growth, margin expansion, and strong Q3 guidance signal solid recovery across core semiconductor markets.

  • ✓Guidance was none, with high specificity.
  • ✓Management tone registered as confident (85/100).
  • ✓EarnIQ detected 0 potential management deflections.
Headline–confidence gap

Headline confirmed

Management confidence reinforces the reported beat.

EPS: reported vs expected—— vs —
Revenue: reported vs expected—— vs —
Guidance specificityHighChange not comparable
Market expectations are being matched to this report.

Revenue increased 13% sequentially and 23% from the same quarter a year ago with broad growth led by industrial, data center and automotive.

Premium intelligence

The evidence behind the signal

Full report
Management language

Why confidence moved

“Revenue increased 13% sequentially and 23% from the same quarter a year ago with broad growth led by industrial, data center and automotive.”
“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.”
“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.”
Guidance specificity
90/100

High specificity

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.

Pressure point
!

Market demand for semiconductors, particularly

0 potential deflections detected in management communication.

Narrative break

What changed

No material narrative break was detected this quarter.

Q&A evidence

Management responses

No material Q&A deflections were detected.

Key positives
  • Revenue increased 23% year-over-year with broad growth led by industrial, data center, and automotive.
  • Trailing 12-month cash flow from operations reached $8.7 billion, supported by 300mm production benefits.
  • Operating profit grew 48% year-over-year to $2.31 billion, demonstrating strong operational leverage.
Key risks
  • Market demand for semiconductors, particularly in industrial and automotive markets, and customer demand differing from forecasts.
  • Ability to maintain or improve profit margins and utilize manufacturing facilities at sufficient levels to cover fixed operating costs.
  • Changes in tax law, tariff rates, and the ability to realize deferred tax assets.
Topic velocity

Language versus prior quarter

M&ANew
CostNew
ChinaNew
MarginNew
RecordNew
iPhoneNew
Signal composition

What drove the EarnIQ score

Tone+20
Eps Beat+0
Guidance+15
New Signal+0
Miss Penalty+0
Qoq Improvement+8
Deflection Penalty+0