Texas Instruments Q2 FY2026: revenue up 23% to $5.46 billion, EPS $2.14
Texas Instruments beat on both lines: revenue rose 23.0% year over year to $5.46 billion, and EPS of $2.14 came in about 9.5% above the $1.9543 consensus estimate. Read the quarter as demand recovery plus margin repair rather than a one-off, because gross margin jumped to 61.4% and trailing free cash flow reached $6.5 billion. The open question is whether next quarter's $5.90 billion guidance midpoint holds.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $2.14 rose 52.0% from $1.41 a year ago and beat the $1.9543 consensus estimate by roughly 9.5%. Management notes that 5 cents of that came from a benefit that was not in the original guidance, so the underlying number was closer to $2.09. Operating profit of $2.31 billion, up 48.0%, is the cleaner read on how the business is actually running.
Revenue of $5.46 billion rose 23.0% from $4.45 billion a year ago and 13.0% from the prior quarter, well above the $5.20 billion midpoint management had guided for FY2026 Q1. Analog, the biggest piece at $4.37 billion, grew 26.0% and embedded processing grew 16.0%, while the small "Other" bucket slipped 2.0%. Growth was broad across industrial, data center and automotive rather than one end market carrying the quarter.
TI guided third-quarter revenue to $5.65 billion to $6.15 billion, a $5.90 billion midpoint, with EPS between $2.23 and $2.57. The revenue midpoint implies about 8.0% sequential growth from this quarter's $5.46 billion, which would extend a run of quarter-on-quarter gains. No gross margin guidance was provided, so the third quarter is the real test of whether 61.4% holds.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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