New York, Jan 22, 2026, 19:53 ET — After-hours
- TXN edged up about 0.3% in after-hours Thursday, trading near $195
- BNP Paribas raised Texas Instruments to Neutral, and Susquehanna lifted its price target
- All eyes are on the Jan. 27 earnings call for clues about industrial restocking and auto demand
Texas Instruments Incorporated shares ticked up about 0.3% to $194.99 in after-hours trading Thursday. During the day, the stock swung between $193.68 and $199.99 as analysts weighed in ahead of the chipmaker’s earnings release next week.
Timing matters. Investors are hunting for signs that demand for industrial chips is stabilizing after months of erratic orders, with Texas Instruments often viewed as a bellwether for the broader analog sector.
Analog chips manage power and translate real-world signals in everything from industrial gear to cars. Their order patterns often start slow but can surge abruptly.
BNP Paribas raised its rating on Texas Instruments from Underperform to Neutral, with a $190 price target, a research call summary showed. The bank pointed to a broad “restocking” phase in industrial end markets, as customers rebuild inventories after prior cuts. The same note also upgraded Onsemi and Microchip Technology. About 34% of Texas Instruments’ sales come from industrial customers, the report noted. 1
Susquehanna’s Christopher Rolland bumped his price target for Texas Instruments to $225 from $200, keeping a Positive rating intact. He expects this quarter’s results to come in at or slightly above estimates, pointing to a “steadying upcycle” and growth in AI infrastructure supply chains. Rolland also mentioned that industrial demand is gaining momentum, while “auto remains somewhat challenged.” 2
Intel’s forecast hit semiconductor stocks hard after hours, pulling the sector lower near the close. CFO David Zinsner cautioned that supply will reach its “lowest level in Q1” before bouncing back later. 3
Texas Instruments has scheduled its Q4 and full-year 2025 earnings call for Tuesday, Jan. 27, at 3:30 p.m. Central time. CEO Haviv Ilan, CFO Rafael Lizardi, and investor relations chief Mike Beckman will take questions during the webcast. 4
Zacks estimates, as reported by Nasdaq, predict Texas Instruments will report earnings of $1.30 per share on $4.44 billion in revenue. Investors are watching for insights on industrial orders, customer inventory levels, and whether the auto sector continues to weigh on results. 5
That restocking boost, however, might vanish fast. If buyers keep to hand-to-mouth habits — or if the auto sector slips once more — guidance could still fall short despite solid quarterly results.
As Friday approaches, the big question is whether these upgrades will trigger lasting buying or merely stir short-lived noise ahead of earnings. The true test arrives Jan. 27, when Texas Instruments’ outlook should set the tone for other analog players that week.
