DALLAS, April 23, 2026, 09:16 CDT
- Texas Instruments is projecting second-quarter revenue between $5.0 billion and $5.4 billion, with earnings per share landing in the $1.77 to $2.05 range—numbers that top LSEG’s consensus estimates.
- First-quarter revenue climbed 19%. Industrial sales jumped over 30%, while data-center revenue shot up roughly 90% from a year ago.
- The stock jumped roughly 16% in early Thursday trading. NXP Semiconductors, Analog Devices, and ON Semiconductor joined in, each posting gains as well.
Texas Instruments shot up roughly 16% early Thursday, with the analog chipmaker beating Wall Street’s second-quarter revenue and profit expectations and signaling demand growth beyond just AI infrastructure. Late Wednesday, the company reported first-quarter revenue of $4.83 billion, up 19%, and earnings at $1.68 per share.
TI stands out as an early reporter for the March quarter among major chipmakers, giving its results added significance. The company’s components end up in everything from factory gear and vehicles to data centers and communications hardware, putting it in a good spot to spot shifts in the wider semiconductor cycle.
Analog chips make up the bulk of TI’s sales—these semiconductors handle tasks like power regulation and turning physical signals, from sound to temperature and light, into digital information. Investors are zeroed in on whether demand is starting to spill over from the headline-grabbing AI processors into these foundational support chips used in industrial and automotive gear.
Texas Instruments is guiding for second-quarter revenue between $5.0 billion and $5.4 billion, with earnings per share set at $1.77 to $2.05—both ahead of LSEG’s projections for $4.86 billion and $1.57, respectively. CEO Haviv Ilan pointed to stronger-than-expected first-quarter sales, crediting “continued acceleration” in demand from industrial and data center customers. Reuters
On the call, Ilan pointed to “five or six months of continued growth” in industrial demand. Industrial sales jumped over 30% from last year and picked up more than 20% versus the previous quarter. Data-center revenue surged about 90% year over year, up more than 25% quarter to quarter. The Motley Fool
It wasn’t just one sector pulling weight: automotive revenue climbed mid-single digits compared with last year, though it held steady from the prior quarter. Communications equipment jumped roughly 25% on the year. Personal electronics? No real change there.
“Industrial is particularly strong,” Stifel’s Tore Svanberg noted, while suggesting automotive might be entering an upswing. Shares of NXP Semiconductors, Analog Devices, and ON Semiconductor all gained between 3.5% and 4.5% following the TI numbers. Reuters
Cash was a big pull here. Texas Instruments posted trailing 12-month free cash flow of $4.35 billion, up sharply from $1.72 billion a year ago—its calculation folds in CHIPS Act proceeds. The company received $555 million through the U.S. CHIPS Act, that federal chip subsidy, linked to getting its new 300-millimeter Sherman, Texas plant up and running. Quarterly capex dropped to $676 million. Management pointed out free cash flow picked up as growth resumed and capex started to come down.
But TI stopped short of calling this a full cycle reset. Ilan said the company will be taking things “quarter by quarter” this year, recalling how a strong kickoff in 2025 fizzled out as a “false start” in the back half. He pointed out that auto demand in China slipped during the first quarter, even with gains elsewhere, and added that “pricing was stable”—with no broad increases pushing it up. The Motley Fool
Despite the latest bounce, industrial revenue remains roughly 15% under its 2022 high, according to Ilan. That gap could close further—assuming the order base keeps widening. TI, for its part, says inventories and factory capacity are enough to maintain short lead times. The test now is whether those gains last through the June quarter.
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