TEXAS INSTRUMENTS INC is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Texas Instruments delivered a strong Q1 2026 with revenue of $4.83B (+18.6% YoY), operating income surging 36.6% to $1.81B, and operating cash flow nearly doubling to $1.52B, reflecting broad-based demand recovery across its analog and embedded processing segments.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue grew 18.6% YoY to $4.83B in Q1 2026 from $4.07B in Q1 2025, suggesting a meaningful cyclical recovery in semiconductor demand after a prolonged inventory correction. This top-line growth outpaced cost growth, driving significant operating leverage.
Gross margin improved 117 bps YoY to 58.0%, while operating margin expanded 493 bps to 37.5%, reflecting strong operating leverage as revenue scaled faster than costs. R&D and SG&A expenses each declined slightly (~1.5%) YoY, contributing to the margin improvement.
Operating cash flow surged 79.0% YoY to $1.52B from $849M, demonstrating significantly improved cash generation quality alongside earnings growth. This improvement supports TI's capital return and manufacturing investment programs.
Revenue
$4.83B
++18.58% YoY
EPS (Basic)
$1.69
++31.01% YoY
Gross Margin
58.0%
++1.17% YoY
Operating Income
$1.81B
++36.56% YoY
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