New York, Jan 23, 2026, 21:39 EST — The market has closed.
Shares of Texas Instruments (TXN.O) slipped 0.9% on Friday, ending the day at $193.31. Investors are digesting a fresh wave of analyst commentary ahead of an earnings week that could shake up the entire analog chip sector.
U.S. markets remain closed until Monday, leaving traders focused on one thing: whether industrial demand is picking up and if autos continue to weigh down the market. Expect guidance to carry the bulk of the impact.
This matters since Texas Instruments acts as a bellwether for “real economy” chips — components used in factory equipment, automobiles, and electronics that aren’t riding the AI wave. When their orders and pricing firm up, it usually signals strength across the broader market.
The stock’s decline mirrored drops seen in peers like NXP Semiconductors and Analog Devices, setting a cautious mood ahead of next week’s semiconductor earnings. 1
Stifel analyst Tore Svanberg maintained his Hold rating and $200 price target, predicting “in-line results with slight potential upside.” He pointed to tariff and geopolitical risks and warned that margins might remain under pressure if the company continues operating plants below capacity — a typical move for chipmakers managing supply and demand. 2
BNP Paribas analyst David O’Connor raised Texas Instruments to Neutral from Underperform, setting a $190 price target. He cited industrial restocking as a key driver. “The company should benefit from a couple of quarters of restocking,” he told investors. 3
Susquehanna’s Christopher Rolland bumped his price target to $225 from $200, maintaining a Positive rating. He sees results coming in line to slightly above expectations this quarter, citing a “steadying upcycle.” Industrial demand is picking up, though autos continue to face headwinds. 4
Texas Instruments will report its fourth-quarter and full-year results on Tuesday, with a conference call scheduled for 3:30 p.m. Central (4:30 p.m. ET). CEO Haviv Ilan and CFO Rafael Lizardi are expected to lead the discussion, the company announced. 5
Investors will be tuned in for March-quarter guidance and updates on industrial order trends. They’ll want to know if customers are still clearing out old inventory or beginning to restock. Pricing comments tend to hit especially hard in this sector.
However, the downside risk remains. Should auto sales remain sluggish and industrial spending falter, the restocking boost could vanish fast, putting Texas Instruments at risk of weaker orders and margin hits from idle capacity.
Jan. 27 looms as the next catalyst: earnings figures first, then the outlook on the call. Investors will zero in on anything that shifts expectations about the cycle’s timeline for normalization.
