Texas Instruments Incorporated (TXN) Earnings Call Transcripts

Texas Instruments Incorporated's Latest Earnings Call - Q2 FY2026

In the second quarter of fiscal year 2026, Texas Instruments reported revenue of $5.5 billion, a 23% increase year-over-year and a 13% increase sequentially, exceeding expectations. Earnings per share reached $2.14, benefiting from discrete tax advantages. Management provided an optimistic outlook for Q3, expecting revenue between $5.65 billion and $6.15 billion, indicating continued strength across multiple end markets, particularly in automotive and data centers, which could positively impact stock performance.

Reported metrics

Guidance from management

Management expects Q3 revenue in the range of $5.65 billion to $6.15 billion and EPS between $2.23 and $2.57, indicating strong demand across multiple markets.

What management said

Thanks, Rafael. Operator, you can now open the line for questions. In order to provide as many of you as possible an opportunity to ask your questions, please limit yourself to a single question. After our response, we'll provide you an opportunity for an additional follow-up. Operator?

Thank you, Jim. Let me frame it at a very high level, and then I'll let Julie comment on this one. First, look, as I said, we saw the demand developing through the quarter, so it was very dynamic. And as we also mentioned in the last call, the best way to support short-term demand or demand that materializes very quickly is through inventory, and that helped in the quarter. But of course, we also have to prepare for ...

What analysts pressed on

Analysts expressed concerns regarding the personal electronics segment, which remains flat YoY and may not meet typical seasonal growth expectations. There were also inquiries about pricing strategies and the sustainability of demand across all segments.

Main topics on the call

• Revenue Growth Across End Markets — Texas Instruments experienced robust revenue growth, with industrial up 30% YoY, automotive mid-teens, and data center doubling YoY. CEO Haviv Ilan noted, "We are seeing demand growing to the automotive market... I think...
• Strong Free Cash Flow Generation — Free cash flow reached $6.5 billion over the trailing 12 months, significantly up from $1.8 billion in the previous year. Rafael Lizardi emphasized, "We returned $5.8 billion to our owners in the past 12 months," showcas...
• Positive Guidance for Q3 — Management provided Q3 revenue guidance of $5.65 billion to $6.15 billion, indicating continued growth momentum. Lizardi stated, "We expect our effective tax rate to be about 13% in the third quarter," which supports ear...
• Pricing Initiatives in Response to Demand — Management confirmed the initiation of pricing increases due to strong demand, particularly in the automotive sector. Ilan mentioned, "We have started executing price increases... it will be dependent on the customer," i...

Read the full Texas Instruments Incorporated transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 73 Texas Instruments Incorporated earnings call transcripts on record, spanning January 22, 2020 to July 22, 2026. Based on this history, Texas Instruments Incorporated reports quarterly. The most recent call on file is dated July 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TXN

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

73

First call

January 22, 2020

Most recent

July 22, 2026

Reporting cadence

quarterly