Texas Instruments Inc.
TXN - Insider Information
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+ FollowMarket Cap$284.7B
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Earnings Call Q3 2026
October 21, 2026 - AI Summary
Q3 performance: strong growth + very high profitability
- Revenue $6.1B, +11% sequentially and +28% YoY.
- Segment momentum: Analog +32% YoY, Embedded Processing +21% YoY; “Other” -6% YoY.
- End-market strength (YoY): Industrial +40%+, Automotive mid-teens %, Data Center +~95% YoY, Personal Electronics ~flat YoY, Communications Equipment up both YoY and QoQ.
- Gross profit $3.9B (64% margin); gross margin expanded ~280 bps sequentially (driven primarily by higher revenue; also pricing loadings + mix).
Q4 guidance / expectations (investor-relevant forecast)
- Revenue outlook: $5.8B to $6.3B (Q4).
- EPS outlook: $2.45 to $2.79.
- Effective tax rate ~13% in Q4; for 2027 ~13–14%.
- OpEx: flat to slightly up in Q4; other items (acquisition charges / net other income and expense) expected similar to Q3.
Capital return + balance sheet / cash flow (dividends, buyback context)
- Cash flow from operations: $3.4B in Q3; $9.9B trailing 12 months.
- Free cash flow: $8.4B trailing 12 months (includes $1.6B CHIPS incentives).
- Dividends: paid $1.3B in the quarter; in September increased dividend +7% to $1.52/share (now 23 consecutive annual increases).
- Returned $5.8B to owners over the past 12 months.
- Balance sheet: $8.1B cash & short-term investments; debt $13.65B (weighted avg coupon 4.11%); repaid $500M debt in quarter.
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$34.90
88.8% downside
Current Fair Value
88.8% downsideOvervalued by 88.8% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $284.70 Billion |
|---|---|
| Enterprise Value | $293.92 Billion |
| Annual dividend | $5.78 |
| Dividend yield | 1.92% |
| Earnings per Share | $5.45 |
| Beta | 1.34 |
| Outstanding Shares | 914,000,000 |
Return
| Return on Equity | 37.89% |
|---|---|
| Return on Assets | 19.73% |
| Return on Invested Capital | 26.06% |
Valuation & Multiples
| P/E Ratio | 38.92 |
|---|---|
| PEG | 47.62 |
| Price to Sales | 14.16 |
| Price to Book Ratio | 15.57 |
| Enterprise Value to Revenue | 14.06 |
| Enterprise Value to EBIT | 33.81 |
| Enterprise Value to Net Income | 41 |
| Total Debt to Enterprise | 0.05 |
| Debt to Equity | 0.71 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 27, 2026
EPS Estimate
$2.42
Consensus analyst estimateRevenue Estimate
$5.92 B
Consensus analyst estimateNext Earnings Call
Expected Date
January 26, 2027
EPS Estimate
$2.62
Consensus analyst estimateRevenue Estimate
$6.05 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 1.35, the ratio is above 1, so institutions hold more puts than calls. That is a more cautious stance.
| Put/Call Ratio | 1.3452▲ 20.10% |
|---|---|
| Total Calls | 104,300▼ 98.85% |
| Total Puts | 140,300▼ 98.65% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 4.90%▼ 87.12% |
|---|---|
| Total Invested | $12.46B▼ 94.97% |
| Investors Holding | 1,203▼ 1787.00% |
About Texas Instruments Inc.
33,000 employees
CEO: Richard Templeton
Texas Instruments Incorporated is a global firm specializing in the design, production, and sale of semiconductors to electronic equipment designers and manufacturers around the world. The company operates through two main divisions: Ana...