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TI reports third quarter 2026 financial results and shareholder returns
Conference call at 3:30 p.m. Central time today onti.com/ir
DALLAS, Oct. 21, 2026 /PRNewswire/ — Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported third quarter revenue of $6.06 billion, net income of $2.43 billion and earnings per share of $2.62. Earnings per share included a 1-cent reduction that was not in the company’s original guidance.
Regarding the company’s performance and returns to shareholders, Haviv Ilan, TI’s chairman, president and CEO, made the following comments:
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“Revenue increased 11% sequentially and 28% from the same quarter a year ago with continued broad growth in industrial, automotive and data center.
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“Our cash flow from operations of $9.9 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300mm production. Free cash flow for the same period was $8.4 billion.
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“Over the past 12 months we invested $4.0 billion in R&D and SG&A, invested $2.6 billion in capital expenditures and returned $5.8 billion to owners.
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“TI’s fourth quarter outlook is for revenue in the range of $5.80 billion to $6.30 billion and earnings per share between $2.45 and $2.79.”
Free cash flow, a non-GAAP financial measure, is cash flow from operations less capital expenditures, plus proceeds from U.S. CHIPS and Science Act (CHIPS Act) incentives.
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(In millions, except per-share amounts) |
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TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES |
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Consolidated Statements of Income |
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Research and development (R&D) |
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Selling, general and administrative (SG&A) |
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Other income (expense), net (OI&E) |
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Diluted earnings per common share |
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Cash dividends declared per common share |
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Provision for income taxes is based on the following: |
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Operating taxes (calculated using the estimated annual effective tax rate) |
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Provision for income taxes (effective taxes) |
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A portion of net income is allocated to unvested restricted stock units (RSUs) on which we pay dividend equivalents. Diluted |
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Income allocated to common stock for diluted EPS |
