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Texas Instruments Incorporated (Nasdaq: TXN) reported strong second-quarter 2026 results, with revenue and earnings rising sharply from the prior-year period, driven by broad-based growth across industrial, data center, and automotive markets. The company also issued upbeat guidance for the third quarter.
Second-quarter revenue increased 23% year over year to $5.46 billion. GAAP net income climbed 53% to $1.98 billion, or $2.14 per share. Reported EPS included a $0.05 benefit that was not part of the company’s original guidance. Over the trailing 12 months, cash flow from operations rose 35% to $8.67 billion, while free cash flow surged to $6.53 billion, reflecting the strength of TI’s business model and 300mm manufacturing strategy.
Commenting on the quarter, Chairman, President and CEO Haviv Ilan said revenue grew 13% sequentially and 23% year over year, with broad-based strength led by industrial, data center, and automotive markets. He added that the company’s robust cash generation enabled continued investments in R&D and manufacturing capacity while returning $5.8 billion to shareholders over the past 12 months.
For the third quarter of 2026, Texas Instruments expects revenue between $5.65 billion and $6.15 billion and earnings per share in the range of $2.23 to $2.57.
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