Texas Instruments reports Q3 results
Item 2.02 Reports results
- Form
- 8-K
- Filed
- Importance
- Major
- Accession
- 0000097476-26-000165
- Non-GAAP measures include free cash flow and ratios based on free cash flow
- Reconciliation of non-GAAP measures included in the news release
Written from the 8-K on EDGAR. AI can make mistakes. Check the filing.
The reading, claim by claim
- The release reports third quarter revenue of $6.06 billion, net income of $2.43 billion and earnings per share of $2.62.
- It says earnings per share included a 1-cent reduction that was not in the company's original guidance.
- The earnings table (in millions) shows revenue of $6,055 million against $4,742 million in Q3 2025, a 28% change.
- Operating profit was $2,874 million against $1,663 million, and net income was $2,425 million against $1,364 million.
- Diluted earnings per share were $2.62 against $1.48.
- For the trailing 12 months, the release lists cash flow from operations of $9,896 million and free cash flow of $8,422 million.
- It reports total cash returned of $5,810 million, including dividends paid of $5,174 million and stock repurchases of $636 million.
- Item 2.02 notes free cash flow is a non-GAAP measure.
- The release gives a fourth quarter outlook for revenue in the range of $5.80 billion to $6.30 billion and earnings per share between $2.45 and $2.79.
9 of 10 claims matched the filing text.
Not found in the filing text
- In its 10-Q for the quarter ended September 30, 2026, Texas Instruments reported revenue of $6.1 billion and net income of $2.4 billion.
For perspective, checked against its own source
From the 10-Q for the quarter ended September 30, 2026
- That filing also lists gross margin of 64.2%, operating margin of 47.5% and a revenue change from a year earlier of +27.7%.
From the filing
ITEM 2.02. Results of Operations and Financial Condition
ITEM 2.02. Results of Operations and Financial Condition
The Registrant's news release dated October 21, 2026, regarding its third-quarter results of operations and financial condition is attached hereto as Exhibit 99.
The attached news release includes references to the following financial measures that were not prepared in accordance with generally accepted accounting principles in the United States (non-GAAP measures): free cash flow and ratios based on free cash flow.8 The company believes these non-GAAP measures provide insight into its liquidity, cash generating capability and the amount of cash potentially available to return to shareholders, as well as insight into its financial performance. These non-GAAP measures are supplemental to the comparable GAAP measures. Reconciliation to the most directly comparable GAAP measures is included in the "Non-GAAP financial information" section of the news release.
ITEM 9.01. Exhibits
ITEM 9.01. Exhibits
Designation of Exhibit in this Report Description of Exhibit
99 Registrant's News Release
Dated October 21, 2026 (furnished pursuant to Item 2.02)
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TEXAS INSTRUMENTS INC9ORPORATED
Date: October 21, 2026
By: /s/ Julie Knecht
Julie Knecht
Senior Vice President and Chief Financial Officer
TI reports third quarter 2026 financial results and shareholder returns
Conference call at 3:30 p.m. Central time today on ti.com/ir
DALLAS (Oct. 21, 2026) – 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 $2.62.1 Earnings per share included a 1-cent reduction that was not in the company's original guidance.2
Regarding the company's performance and returns to shareholders, Haviv Ilan, TI's chairman, president and CEO, made the following comments:
• "Revenue increased 11% sequentially and 28% from the same quarter a year ago with continued broad growth in industrial, automotive and data center.
• "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.
• "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.
1
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.
Earnings summary
Cash generation
Trailing 12 Months
Free cash flow % of revenue 40.6 % 14.0 %
Cash return
Trailing 12 Months
2
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
Consolidated Statements of Income For Three Months Ended
September 30,
(In millions, except per-share amounts) 2026 2025
Selling, general and administrative (SG&A) 476 457
Acquisition charges 7 —
Restructuring charges/other — 85
Operating profit 2,874 1,663
Other income (expense), net (OI&E) 72 62
Diluted earnings per common share $ 2.62 $ 1.48
Average shares outstanding:
Cash dividends declared per common share $ 1.42 $ 1.36
Supplemental Information
(Quarterly, except as noted)
Provision for income taxes is based on the following:
Operating taxes (calculated using the estimated annual effective tax rate) $ 390 $ 249
Discrete tax items (10) (29)
Provision for income taxes (effective taxes) $ 380 $ 220
A portion of net income is allocated to unvested restricted stock units (RSUs) on which we pay dividend equivalents. Diluted EPS is calculated using the following:
Income allocated to common stock for diluted EPS $ 2,411 $ 1,356
3
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
Consolidated Balance Sheets September 30,
(In millions, except par value) 2026 2025
Assets
Current assets:
Prepaid expenses and other current assets 1,446 1,799
Total current assets 16,880 13,876
Property, plant and equipment at cost 18,072 17,314
Liabilities and stockholders' equity
Current liabilities:
Current portion of long-term debt $ 650 $ 500
Accrued expenses and other liabilities 795 1,036
Stockholders' equity:
Preferred stock, $25 par value. Shares authorized – 10; none issued — —
Treasury common stock at cost
Shares: September 30, 2026 – 827; September 30, 2025 – 832 (41,955) (41,744)
Accumulated other comprehensive income (loss), net of taxes (AOCI) (85) (149)
Total stockholders' equity 19,185 16,627
Total liabilities and stockholders' equity $ 36,839 $ 35,004
4
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
Consolidated Statements of Cash Flows For Three Months Ended
September 30,
(In millions) 2026 202
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