Form 10-Q · Quarterly report
Texas Instruments 10-Q, filed Jul 24, 2026
- Filed
- CIK
- 0000097476
- Accession no.
- 0000097476-26-000152
Summary
Texas Instruments reported second-quarter 2026 revenue of $5.46 billion, net income of $1.98 billion, and earnings per share of $2.14, with revenue up 23% year over year and growth led by industrial, data center, and automotive demand. The company has a definitive agreement to acquire Silicon Labs for $231.00 per share in cash, an enterprise value of about $7.5 billion, expected to close in the first half of 2027 subject to regulatory approvals, and entered a $5 billion delayed draw term loan facility to support the transaction.
Key points
- Texas Instruments reported second-quarter 2026 revenue of $5.46 billion, net income of $1.98 billion, and earnings per share of $2.14, with revenue up 23% from a year earlier and 13% sequentially.
- Analog revenue rose 26% to $4.365 billion and operating profit rose 50% to $1.992 billion; Embedded Processing revenue rose 16% to $788 million and operating profit rose 98% to $168 million.
- Texas Instruments has a definitive agreement to acquire Silicon Labs for $231.00 per share in cash, representing an enterprise value of about $7.5 billion, with closing expected in the first half of 2027 subject to regulatory approvals.
- Texas Instruments entered a 364-day delayed draw term loan credit facility of up to $5 billion to support the Silicon Labs acquisition and related expenses, with no borrowings outstanding as of June 30, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. Management’s discussion Overview We design and manufacture semiconductors that we sell to electronics designers and manufacturers all over the world. Technology is the foundation of our company, but ultimately, our objective and the best metric for owners to measure our progress is through the growth of free cash flow per share over the long term. Our strategy to maximize long-term free cash flow per share growth has three elements: 1.A great business model that is focused on analog and embedded processing products and built around four sustainable competitive advantages. …
An excerpt of the text as filed with the SEC, cut for length.
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