Texas Instruments reported second quarter revenue of $5.46 billion, net income of $1.98 billion and earnings per share o

Texas Instruments Incorporated announced its second quarter 2026 financial results on July 22, 2026. The Dallas-based semiconductor company delivered revenue of $5.46 billion, with net income reaching $1.98 billion. Diluted earnings per share totaled $2.14, outperforming the company's prior guidance due to an unexpected 5-cent benefit per share.

The company calculates free cash flow as cash flows from operating activities less capital expenditures, plus proceeds from the U.S. CHIPS and Science Act incentives. During the three-month period ended June 30, 2026, TI received $301 million in cash benefits related to CHIPS Act investment tax credits used to reduce income taxes payable. For the twelve-month period ended June 30, 2026, CHIPS Act benefits totaled $433 million, compared to $479 million in the prior year period.

The company's effective tax rate reflects both operating taxes and discrete tax items. Free cash flow and other non-GAAP financial measures are presented to provide insight into TI's liquidity, cash-generating capability and the amount of cash potentially available to return to shareholders.

Texas Instruments is a global semiconductor company that designs, manufactures and sells analog and embedded processing chips for industrial, automotive, data center, personal electronics and communications equipment markets. The company held a conference call at 3:30 p.m. Central time on the date of the announcement to discuss results, accessible through ti.com/ir.