New York, Feb 7, 2026, 17:30 EST — The market has shut its doors for the day.
- Texas Instruments slipped 1.13% to finish at $221.44 on Friday, trailing the chip rally.
- The newly released annual report laid out cash flow projections for 2025, along with a lower capital spending plan for 2026.
- Eyes are on Silicon Labs as investors parse deal numbers, recent insider filings, plus the Feb. 24 capital management webcast.
Texas Instruments Inc shares slipped 1.13% Friday, settling at $221.44. The stock lagged behind the wider market rally and finished the session roughly 3% underneath the 52-week high it reached earlier this week, market data show. 1
The gap stood out as chip stocks surged, fueled by expectations that Big Tech’s latest spending plans will drive up demand for data-center gear. Nvidia, AMD, and Broadcom all rallied, sending the PHLX semiconductor index 5.7% higher. “This trade has been volatile… but I think there’s enough evidence that there’s real demand for AI products,” said Ross Mayfield, investment strategy analyst at Baird. 2
Texas Instruments dropped fresh numbers late Friday. The annual report showed 2025 revenue at $17.68 billion, with net income coming in at $5.00 billion. Cash from operations hit $7.15 billion. Outflows on capital expenditures totaled $4.55 billion. For 2026, the company sees capex tapering to somewhere in the $2 billion to $3 billion range, almost done with its higher spending streak. The filing reiterated plans to use a mix of existing cash and debt for its Silicon Labs buyout. 3
The Texas Instruments-Silicon Labs deal is still front and center for investors. On Feb. 4, Texas Instruments said it would purchase Silicon Labs for $231 per share in cash, valuing the transaction at about $7.5 billion in enterprise value. The company projected it could realize $450 million in annual manufacturing and operational synergies within three years of closing. “Together, we can do more,” CEO Haviv Ilan said in a statement. 4
Late in the week, insider filings revealed new trades. Senior Vice President Ahmad Bahai exercised options, unloading 3,000 Texas Instruments shares on Feb. 5 with an average price of $223.4622. Director Mark A. Blinn, according to Form 4 filings, sold 3,144 shares at a $221.5798 weighted average. 5
For TXN investors, the immediate question isn’t AI-driven growth—it’s timing. Texas Instruments remains anchored in analog and embedded semiconductors, mainly shipping to industrial and auto sectors. These customers tend to pull back on orders fast once inventories start piling up.
Deal risk doesn’t always show up in a single day’s trading. The Silicon Labs transaction still needs various approvals and time to close, and Texas Instruments has already signaled it will take on more debt to finance the purchase. If demand remains sluggish or borrowing costs don’t ease, investors could balk at both the price and the planned speed of share buybacks.
A cash return is on deck next week. Texas Instruments’ board has already signed off on a quarterly dividend—$1.42 a share, set for payment on Feb. 10 to investors on record as of Jan. 30. 6
Another event coming up: Texas Instruments plans to webcast its capital management review on Feb. 24. CEO Ilan and CFO Rafael Lizardi are set to lay out their strategy and what they expect on leverage and capital returns. 7
Traders are set to watch TXN closely when U.S. markets reopen on Monday. Will the stock fall back in line with the broader chip sector, or does it keep moving as a deal-and-cycle play? That’s the question for now.
