Texas Instruments posts Q3 profit surge and raises Q4 outlook
Texas Instruments reported third‑quarter 2026 revenue of $6.06 billion, net income of $2.43 billion and GAAP earnings per share of $2.62, beating estimates. Revenue grew 28% year‑over‑year and 11% sequentially. The company forecast fourth‑quarter revenue of $5.80‑$6.30 billion and EPS of $2.45‑$2.79, both above consensus. Management highlighted strong cash flow, $9.9 billion operating cash over the trailing 12 months, and $5.8 billion returned to shareholders.
Why it matters
The earnings beat and raised outlook suggest continued demand for TI’s analog chips, supporting revenue growth expectations. However, Wells Fargo cut its price target to $300, indicating some analysts see limited upside after the strong results.
Key facts
- 1Q3 2026 revenue was $6.06 billion. prnewswire.com
- 2Q3 2026 net income was $2.43 billion. prnewswire.com
- 3GAAP EPS for Q3 2026 was $2.62. prnewswire.com
- 4Revenue grew 28% year‑over‑year and 11% sequentially. prnewswire.com
- 5Fourth‑quarter revenue outlook is $5.80‑$6.30 billion. prnewswire.com
- 6Fourth‑quarter EPS outlook is $2.45‑$2.79. prnewswire.com
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.