Texas Instruments: cautious upswing
- Texas Instruments said on April 22 that first-quarter revenue rose 19% to $4.83 billion, with growth led by industrial and data center demand, and forecast second-quarter sales of $5.0 billion to $5.4 billion. - Net income reached $1.55 billion, or $1.68 a share, and the company said earnings included a 5-cent benefit not in its original guidance; shares then jumped 19% on April 23. - The rally pushed TXN to a record close after investors tied its analog chips to artificial-intelligence data center spending, even as TI keeps pouring billions into new U.S. capacity. (cnbc.com)
Texas Instruments reported first-quarter revenue of $4.83 billion and told investors second-quarter sales could reach as high as $5.4 billion. (investor.ti.com) The Dallas chipmaker said net income was $1.55 billion, or $1.68 a share, for the quarter ended March 31, 2026. Revenue rose 19% from $4.07 billion a year earlier and 9% from the prior quarter. (investor.ti.com) Chief executive Haviv Ilan said growth was led by industrial and data center demand. Texas Instruments said second-quarter earnings should land between $1.77 and $2.05 a share. (investor.ti.com) Texas Instruments sells analog and embedded chips, the parts that manage power, sense signals and connect devices inside cars, factories, phones and servers. Those chips are less visible than Nvidia-style graphics processors, but they sit all over the hardware stack. (cnbc.com) That made this report a readout on more than one market. Ilan said on the earnings call that data center revenue rose about 90% from a year earlier, while industrial revenue increased 30%. (cnbc.com) Wall Street reacted fast. Texas Instruments shares surged 19% on April 23, their best day since 2000, and closed at a record after the company beat analyst estimates on both revenue and earnings. (cnbc.com) (wtop.com) The company also highlighted cash generation and spending. Over the trailing 12 months, Texas Instruments said cash flow from operations was $7.8 billion, free cash flow was $4.4 billion, and capital expenditures were $4.1 billion. (investor.ti.com) Texas Instruments is using that cash to expand manufacturing close to home. The company has been building new wafer plants in Texas and Utah as part of a broader U.S. semiconductor push. (cnbc.com) The quarter also came with a deal. On the April 22 earnings call, management said Texas Instruments had announced an agreement in the first quarter to acquire Silicon Labs, aiming to expand its embedded wireless connectivity portfolio. (investor.ti.com) The immediate question is whether data center demand can keep lifting a company better known for broad industrial exposure than for headline artificial-intelligence chips. Texas Instruments told investors it is ready if the market keeps growing at the first-quarter pace. (cnbc.com)
