Dallas, April 22, 2026, 16:09 (CDT)
Texas Instruments projected second-quarter revenue and profit ahead of Wall Street expectations on Wednesday, citing a pickup in orders from both data-center and industrial clients. Shares popped about 8% in after-hours trade. Investors saw the outlook as a clearer indication that analog chip demand is bouncing back, following a lengthy inventory correction.
Timing is key here. Texas Instruments is one of the earliest major chip firms to release results for the March quarter, and its semiconductors end up in everything from industrial gear and vehicles to the guts of data center power systems. The company’s analog chips are essential for controlling power or translating signals—think heat, sound, or light—into data for other chips to handle.
Texas Instruments, based in Dallas, is projecting second-quarter revenue between $5.00 billion and $5.40 billion, and expects earnings per share to land somewhere from $1.77 to $2.05. That’s notably ahead of what analysts were looking for—consensus called for revenue closer to $4.85 billion to $4.86 billion and profit of $1.57 a share, Bloomberg and LSEG estimates cited by Reuters show.
Texas Instruments posted first-quarter revenue of $4.83 billion, up 19%. Net income climbed to $1.55 billion, or $1.68 per share, compared with $1.18 billion, or $1.28 a share, last year. The results, the company said, reflect a 5-cent per-share benefit not factored into its original outlook.
Chief Executive Haviv Ilan said, “Revenue increased 9% sequentially and 19% from the same quarter a year ago with growth led by industrial and data center.” He flagged improved cash generation, and called out 300-millimeter production—a larger wafer process that drives chip costs down when scaled up. Texas Instruments
TI’s Analog unit, the company’s biggest segment, turned in $3.92 billion in revenue—a 22% jump. Operating profit advanced even faster, up 36% to $1.64 billion. Embedded Processing brought in $723 million, a 12% increase, as operating profit reached $122 million, compared to $40 million a year ago.
Free cash flow landed at $1.40 billion for the quarter, with the trailing 12-month total reaching $4.35 billion. That figure factors in cash from operations, subtracts capital spending, and includes U.S. CHIPS and Science Act incentives. TI booked $555 million in CHIPS Act proceeds this quarter. On top of that, capital expenditures dropped to $676 million, down from $1.12 billion a year ago.
TI shares finished the day 1.3% higher at $236.31, then climbed to around $255 in after-hours trading, market reports showed. Reuters noted the stock was already up over 35% for the year before this latest jump, with AI-driven data-center demand and better orders from industrial and auto clients giving it a boost.
The read-through is likely to hit other analog and mixed-signal chipmakers—Analog Devices, NXP Semiconductors, onsemi. KeyBanc’s team, with John Vinh at the helm, recently pointed to positive signals from their Asia checks for these stocks and TI. That lines up with what investors have been hoping for: signs of a rebound in analog.
The outlook remains just that—a projection, not a sign the rebound has landed. Texas Instruments flagged risks tied to global trade policy, swings in industrial and automotive demand, unpredictable customer orders, and the pace of inventory moves. Any of these could throw off the numbers.
At this stage, the conversation has moved: it’s less about whether analog demand has hit the floor, more about the staying power of the rebound. Texas Instruments disclosed $3.9 billion poured into R&D and selling costs in the last 12 months, alongside $4.1 billion for capital expenditures. Shareholders saw $6.0 billion returned.
