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Texas Instruments (TXN) Q2 FY2026 earnings: revenue $5.5 billion, up 22.8% on the year

Texas Instruments Inc. (TXN) reported revenue of $5.5 billion for Q2 FY2026, the quarter ended 30 June 2026, up 22.8% on the same quarter a year earlier. Net income was $2.0 billion, up 52.9% on the year, and diluted earnings per share $2.14. The figures are the company's own, from the 10-Q it filed with the SEC on 24 July 2026.

Revenue
$5.5 billion
+22.8% on the year · +13.2% on the quarter
Q3 FY2024Q2 FY2026
Operating margin
42.3%
35.1% a year earlier
Q3 FY2024Q2 FY2026
Net income
$2.0 billion
+52.9% on the year · +28.2% on the quarter
Q3 FY2024Q2 FY2026
Diluted EPS
$2.14
+51.8% on the year · +27.4% on the quarter
Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 new.

  • Revenue up 23% year on year: Revenue was $5,463 million, up 23% from $4,448 million a year earlier and up 13% from the first quarter's $4,825 million.
  • Diluted EPS of $2.14: Diluted EPS was $2.14 against $1.41, up 52%; it included a 5-cent benefit that was not in the company's original guidance.
  • Analog revenue and profit up: Analog revenue was $4,365 million, up 26%, and operating profit was $1,992 million, up 50%, the largest share of the quarter's results.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ2 FY2026Q1 FY2026Q2 FY2025On the quarterOn the yearLast 8 quarters
Revenue5,4634,8254,448+13.2%+22.8%
Cost of revenue2,1112,0261,873+4.2%+12.7%
Gross profit3,3522,7992,575+19.8%+30.2%
Gross margin61.4%58.0%57.9%
Research and development535510527+4.9%+1.5%
Selling, general and administrative490464485+5.6%+1.0%
Operating income2,3101,8081,563+27.8%+47.8%
Operating margin42.3%37.5%35.1%
Pre-tax income2,2381,7141,478+30.6%+51.4%
Income tax258169183+52.7%+41.0%
Effective tax rate11.5%9.9%12.4%
Net income1,9801,5451,295+28.2%+52.9%
Net margin36.2%32.0%29.1%
Diluted EPS$2.14$1.68$1.41+27.4%+51.8%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ2 FY2026Q1 FY2026Q2 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow2,7031,5201,860+77.8%+45.3%
Capital expenditure5146761,305-24.0%-60.6%
Free cash flow2,189844555+159.4%+294.4%
Free cash flow margin40.1%17.5%12.5%
Cash from investing-1,702-47.0-1,335
Cash from financing-890-1,149-244
Share-based compensation127109129+16.5%-1.6%
Buybacks27.0158302-82.9%-91.1%
Dividends paid1,2951,2911,235+0.3%+4.9%
Dividend per share$1.42$1.42$1.360.0%+4.4%
Diluted shares, weighted920m914m912m+0.7%+0.9%
Shares outstanding at period end913m910m909m+0.3%+0.5%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ2 FY2026Q1 FY2026Q2 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity18,00716,77816,403+7.3%+9.8%
Debt14,05214,05014,043+0.0%+0.1%
Other liabilities3,8233,5654,487+7.2%-14.8%
Total liabilities and equity35,88234,39334,933+4.3%+2.7%
Fixed assets11,91112,14512,321-1.9%-3.3%
Goodwill4,3304,3304,3620.0%-0.7%
Intangible assets314n/an/a
Investments3,3561,5692,332+113.9%+43.9%
Cash and equivalents3,6603,5493,044+3.1%+20.2%
Receivables2,5202,2451,934+12.2%+30.3%
Inventory4,6054,6954,812-1.9%-4.3%
Other assets5,1865,8606,128-11.5%-15.4%
Total assets35,88234,39334,933+4.3%+2.7%

Questions

What was Texas Instruments' revenue in Q2 FY2026?

Texas Instruments (TXN) reported revenue of $5.5 billion for Q2 FY2026, the quarter ended 30 June 2026, up 22.8% on the same quarter a year earlier.

How much did Texas Instruments earn in Q2 FY2026?

Net income for Q2 FY2026 was $2.0 billion, up 52.9% on the year, and diluted earnings per share $2.14.

When did Texas Instruments report Q2 FY2026 results?

Texas Instruments filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 24 July 2026.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue4,8324,9055,2125,2414,6704,3794,5314,5324,0773,6613,8224,1514,0074,0694,4484,7424,4234,8255,4636,055
Cost of revenue1,4821,4631,5871,6241,5831,5161,6211,7171,6461,5661,6111,6771,6931,7561,8732,0191,9512,0262,1112,168
Gross profit3,3503,4423,6253,6173,0872,8632,9102,8152,4312,0952,2112,4742,3142,3132,5752,7232,4722,7993,3523,887
Gross margin69%70%70%69%66%65%64%62%60%57%58%60%58%57%58%57%56%58%61%64%
R&D389391414431434455477471460478498492491517527518521510535530
SG&A404422422431429474461452438455465428446472485457446464490476
Operating income2,5032,5632,7232,6782,1761,9341,9721,8921,5331,2861,2481,5541,3771,3241,5631,6631,4731,8082,3102,874
Operating margin52%52%52%51%47%44%44%42%38%35%33%37%34%33%35%35%33%37%42%47%
Pre-tax income2,4632,5262,6812,6582,1671,9462,0021,9221,5481,2931,2471,5541,3591,2761,4781,5841,3721,7142,2382,805
Tax rate13%13%15%14%9%12%14%11%11%15%10%12%11%8%12%14%15%10%12%14%
Net income2,1382,2012,2912,2951,9621,7081,7221,7091,3711,1051,1271,3621,2051,1791,2951,3641,1631,5451,9802,425
Net margin44%45%44%44%42%39%38%38%34%30%29%33%30%29%29%29%26%32%36%40%
Diluted EPS$2.27$2.35$2.45$2.47$2.13$1.85$1.87$1.85$1.49$1.20$1.22$1.47$1.30$1.28$1.41$1.48$1.27$1.68$2.14$2.62
Operating cash flow2,3572,1441,7682,7662,0421,1601,3991,9371,9241,0171,5711,7321,9988491,8602,1902,2541,5202,7033,419
Capital expenditure1,2824435977909679821,4461,4951,1481,2481,0641,3161,1921,1231,3051,197925676514463
Free cash flow1,0751,7011,1711,9761,075178-47.0442776-231507416806-2745559931,3298442,1892,956
Buybacks1425891,18299684810379.046.065.03.071.031853765330211940315827.048.0
Dividends paid1,0621,0631,0601,0511,1231,1251,1251,1261,1811,1831,1851,1871,2401,2381,2351,2361,2901,2911,2951,298
Shares outstanding924m922m914m908m906m908m908m908m909m910m913m912m910m908m909m909m908m910m913m914m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2026, filed 24 July 2026: the filing.