Texas Instruments Revenue Jumps 19% to $4.83B in Q1 2026
Texas Instruments Incorporated (NASDAQ: TXN), a Dallas-based semiconductor designer and manufacturer, reported revenue of $4.83 billion for the quarter ending March 31, 2026, up 19% from $4.07 billion in the same period last year.
Texas Instruments Incorporated (NASDAQ: TXN), a Dallas-based semiconductor designer and manufacturer, reported revenue of $4.83 billion for the quarter ending March 31, 2026, up 19% from $4.07 billion in the same period last year. Net income rose 31% to $1.55 billion compared with $1.18 billion in the first quarter of 2025. Read more earnings reports.
Operating income climbed to $1.81 billion from $1.32 billion, a gain of 37% year-over-year. The company's operating margin expanded as revenue growth outpaced the increase in operating expenses.
Gross profit reached $2.80 billion in the first quarter of 2026, up from $2.31 billion a year earlier. The gross margin improved to 58% from 57% as cost of goods sold grew more slowly than revenue. Cost of goods sold totaled $2.03 billion compared with $1.76 billion in the prior-year quarter.
Research and development expenses declined slightly to $510 million from $517 million. Selling, general and administrative expenses fell to $464 million from $472 million in the same quarter last year.
The company generated $1.52 billion in cash from operations during the quarter, nearly double the $849 million recorded in the first quarter of 2025. Cash used in financing activities totaled $1.15 billion, down from $2.54 billion a year earlier. Investing activities consumed $47 million compared with cash generated from investing of $1.25 billion in the prior-year period.
Balance Sheet Position
Total assets stood at $34.39 billion as of March 31, 2026, down marginally from $34.59 billion at the end of 2025. Cash and cash equivalents increased to $3.55 billion from $3.23 billion at year-end. Short-term investments declined to $1.55 billion from $1.66 billion.
Accounts receivable rose to $2.25 billion from $1.96 billion as of December 31, 2025. Inventory decreased to $4.70 billion from $4.80 billion. Property, plant and equipment totaled $12.15 billion, down from $12.32 billion at the end of the prior quarter.
Total liabilities decreased to $17.62 billion from $18.31 billion. Long-term debt fell to $12.90 billion from $13.55 billion at year-end. Current liabilities declined to $3.10 billion from $3.16 billion.
Stockholders' equity increased to $16.78 billion from $16.27 billion at December 31, 2025. Retained earnings grew to $52.48 billion from $52.24 billion.
Per-Share Results
Diluted earnings per share came in at $1.68, up from $1.28 in the first quarter of 2025. Basic earnings per share rose to $1.69 from $1.29. The weighted average diluted share count totaled 914 million shares compared with 916 million shares a year earlier.
Financial Summary
| Metric | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $4.83B | $4.07B | +19% |
| Gross Profit | $2.80B | $2.31B | +21% |
| Operating Income | $1.81B | $1.32B | +37% |
| Net Income | $1.55B | $1.18B | +31% |
| Diluted EPS | $1.68 | $1.28 | +31% |
| Operating Cash Flow | $1.52B | $849M | +79% |
The company reported 910 million shares outstanding as of March 31, 2026. Total debt stood at $14.05 billion at quarter-end.