Texas Instruments Posts Higher Revenue, Operating Income, Net Income and Diluted EPS Year-Over-Year in Interim Filing

Bottom line

- The interim filing from TEXAS INSTRUMENTS INC, filed as 10-Q for period-ended-2026-06-30 under accession 0000097476-26-000152, shows a profit-to-profit trajectory on every line the ledger supports, with revenue, operating income, net income and diluted earnings per share all higher than the prior-year windows on both the three-month and six-month views. - For the three-month reporting period the three months ended June 30, 2026, Revenue from Contract with Customer, Excluding Assessed Tax was $5,463,000,000 USD, against the prior-year comparative of $4,448,000,000 USD for the three months ended June 30, 2025, an authorized increase at higher than the prior period.

- Operating Income (Loss) for the same quarter reached $2,310,000,000 USD versus $1,563,000,000 USD a year earlier, an authorized profit-to-profit increase. - Net Income (Loss) Attributable to Parent for the quarter was $1,980,000,000 USD compared with $1,295,000,000 USD, again an authorized profit-to-profit increase. 41 per diluted share USD/SHARES, continuing the authorized profit-to-profit increase.

- Extending to the six-month year-to-date window, Revenue from Contract with Customer, Excluding Assessed Tax was $10,288,000,000 USD for the six months ended June 30, 2026, against $8,517,000,000 USD for the six months ended June 30, 2025, an authorized increase. - Operating Income (Loss) for the six-month view reached $4,118,000,000 USD versus $2,887,000,000 USD, an authorized profit-to-profit increase. - Net Income (Loss) Attributable to Parent for the half-year was $3,525,000,000 USD compared with $2,474,000,000 USD, also an authorized profit-to-profit increase.

69 per diluted share USD/SHARES, the same authorized profit-to-profit direction. - The filing evidence does not attribute this change to any single cause. - The filing's own narrative frames the company as a focused analog and embedded processing franchise anchored by four sustainable competitive advantages and an owned manufacturing footprint, but the excerpt does not break out which end markets or product categories carried the reported gains on either window.

- The source scope here is limited to the unaudited interim figures already on file; the cited note on segments (Note 1) signals that segment-level detail exists elsewhere in the filing but is not part of this section's evidence set. - The inventory-tax reference in Note 6 and the prior-period incorporation language in Item 1A similarly sit outside the four reported dimensions this section is tasked with, so they are noted for completeness rather than used to add new numbers. - No peer, industry or external benchmark sits inside the filing evidence, so any read on how these results stack up against the broader semiconductor cycle would have to come from outside this filing.

The filing evidence contains no peer or industry comparison. - Segment-level colour for the headline lines likewise stays outside this section's window. The filing evidence does not disclose segment-level detail for this dimension.

Financial performance

- For TEXAS INSTRUMENTS INC (TXN), the period-ended-2026-06-30 filing on 10-Q (accession 0000097476-26-000152, CIK 0000097476) frames the headline period against the same quarter a year earlier and the year-to-date window, with both comparisons showing a profit-to-profit expansion across the top line, the operating line, the bottom line, and on a diluted per-share basis. - Revenue from contract with customers was $5,463,000,000 USD for the three months ended June 30, 2026, up from $4,448,000,000 USD for the three months ended June 30, 2025, and was $10,288,000,000 USD for the six months ended June 30, 2026, up from $8,517,000,000 USD for the six months ended June 30, 2025; management characterizes the move as broad-based growth led by industrial, data center and automotive.

- Operating income was $2,310,000,000 USD for the three months ended June 30, 2026, higher than $1,563,000,000 USD for the three months ended June 30, 2025, and was $4,118,000,000 USD for the six months ended June 30, 2026, higher than $2,887,000,000 USD for the six months ended June 30, 2025; margin commentary in the filing links operating performance to factory loading, with falling loadings compressing fixed-cost absorption and rising loadings doing the opposite. - Net income attributable to the parent was $1,980,000,000 USD for the three months ended June 30, 2026, up from $1,295,000,000 USD for the three months ended June 30, 2025, and was $3,525,000,000 USD for the six months ended June 30, 2026, up from $2,474,000,000 USD for the six months ended June 30, 2025.

69 per diluted share USD/SHARES for the six months ended June 30, 2025. - Revenue also moved sequentially in the three months ended June 30, 2026 relative to the immediately preceding quarter, consistent with the filing's reminder that first and fourth quarters tend to be seasonally softer than the second and third. - Accounting context: revenue is attributed to customer demand evidenced by shipment volumes, segment groupings rest on similar design, development, manufacturing and distribution characteristics (see Note 1), the provision for income taxes is discussed under Note 6, and the SEC-permitted longer measurement period for income tax positions is described in Note 8; prior-period context is drawn from the annual report filing referenced in Item 1A.

- Management frames the quarter's results as driven by demand rather than pricing, while attributing margin behavior to factory loading and to the ramp of the LFAB facility supporting Embedded Processing; The filing evidence does not attribute this change to any single cause. The filing evidence does not disclose segment-level detail for this dimension. The filing evidence contains no peer or industry comparison.

Operating drivers and segments

- Revenue from Contract with Customer, Excluding Assessed Tax was $5,463,000,000 USD for the three months ended June 30, 2026 through the three months ended June 30, 2026; higher than the prior period when Revenue from Contract with Customer, Excluding Assessed Tax was $4,448,000,000 USD for the three months ended June 30, 2025 through the three months ended June 30, 2025. - Revenue from Contract with Customer, Excluding Assessed Tax was $10,288,000,000 USD for the six months ended June 30, 2026 through the six months ended June 30, 2026; higher than the prior period when Revenue from Contract with Customer, Excluding Assessed Tax was $8,517,000,000 USD for the six months ended June 30, 2025 through the six months ended June 30, 2025. - Operating Income (Loss) was $2,310,000,000 USD for the three months ended June 30, 2026 through the three months ended June 30, 2026; higher than the prior period when Operating Income (Loss) was $1,563,000,000 USD for the three months ended June 30, 2025 through the three months ended June 30, 2025. - Operating Income (Loss) was $4,118,000,000 USD for the six months ended June 30, 2026 through the six months ended June 30, 2026; higher than the prior period when Operating Income (Loss) was $2,887,000,000 USD for the six months ended June 30, 2025 through the six months ended June 30, 2025. - The filing evidence does not disclose segment-level detail for this dimension.

- Management frames the business as analog and embedded processing products sold into industrial, automotive, data center, personal electronics and communications equipment, organized as groups of similar products with shared design, manufacturing and distribution characteristics, as further described in Note 1. - Management attributes changes in revenue to changes in customer demand, which are evidenced by fluctuations in shipment volumes; the filing does not separately disclose price/mix effects in this section. - Management ties long-term capital allocation to a four-pillar competitive advantage narrative (manufacturing and technology, broad product portfolio, market channel reach, diversity and longevity), with continued internal capacity expansion intended to increase internal sourcing over time. - Management identifies the semiconductor cycle (periods of tight supply and surplus inventory driven by demand swings and capacity build/depleting) as the structural backdrop, and flags historically weaker sequential growth in the first and fourth quarters relative to the second and third. - Management states that its strategy and capacity investments are intended to support free cash flow per share growth across a range of market conditions, with manufacturing technology, packaging technology and internal fab/assembly-test footprint presented as the principal cost and supply-chain control levers.

The filing evidence does not attribute this change to any single cause.

Independent analysis is constrained by the segment-level cut available in the MD&A portion of 10-Q period-ended-2026-06-30 for TEXAS INSTRUMENTS INC (TXN, CIK 0000097476, accession 0000097476-26-000152). Both revenue and operating income stepped up on the three-month and six-month windows relative to the prior-year comparatives, so the directional signal is consistent across the top line and the operating line on both reporting horizons. The MD&A, however, does not break out segment-level revenue or operating income in the excerpt available to this section, and does not attribute the quarter-to-quarter or year-to-year movement to any single end market, customer concentration band, pricing action, or product family, so a segment-by-segment driver read is not available here. Risk factors and the broader market commentary reference the semiconductor cycle and quarterly seasonality but stop short of linking this period's lift to a specific cycle phase; any attempt to pin the gain to industrial versus automotive versus personal electronics versus data center versus communications equipment would exceed the evidence. Tax-line detail for context is anchored to Note 6, and the manufacturing-and-technology positioning references Item 1A, with the segment definition itself carried in Note 1 and the deferred-tax posture carried in Note 8. Readers who want a parallel profit-to-profit comparison at another analog-heavy issuer can cross-check Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in Filing, and for an unrelated profit-to-profit interim pattern, ONEOK Posts Higher Revenue, Operating Income, Net Income and Diluted EPS Year-Over-Year in Interim Filing.

Cash flow and capital

Reported facts: For the six-month year-to-date period covered by this 10-Q filed under accession 0000097476-26-000152 for TEXAS INSTRUMENTS INC (CIK 0000097476, ticker TXN, fiscal period period-ended-2026-06-30), the consolidated statements describe three cash-flow buckets and a balance-sheet snapshot. Operating cash flow rose year over year, with Net Cash Provided by (Used in) Operating Activities of $4,223,000,000 for the six months ended June 30, 2026, compared with $2,709,000,000 in the prior-year six-month window the six months ended June 30, 2025. Investing activities used more cash than the year-ago period, with Net Cash Provided by (Used in) Investing Activities of -$1,749,000,000 versus -$82,000,000. Financing activities again used cash, with Net Cash Provided by (Used in) Financing Activities of -$2,039,000,000 versus -$2,783,000,000, in both cases a negative figure that became a larger outflow. The balance-sheet snapshot reports Cash and Cash Equivalents, at Carrying Value of $3,660,000,000 as of the balance sheet date of June 30, 2026, alongside Long-term Debt, Excluding Current Maturities of $12,903,000,000 on the same date.

Within those buckets, Payments to Acquire Property, Plant, and Equipment were $1,190,000,000 for the current six months versus $2,428,000,000 a year ago. Payments of Dividends moved higher to $2,586,000,000 from $2,473,000,000. Payments for Repurchase of Common Stock totaled $185,000,000, down from $955,000,000 in the prior-year six months.

Management explanations: Management describes cash flow from operations as the primary source of liquidity, supplemented by cash and cash equivalents, short-term investments, and access to the debt markets. The narrative attributes the year-over-year lift in operating cash flow to higher net income, non-cash items, and lower cash used for working capital, and discloses that both six-month periods benefited from U.S. CHIPS and Science Act investment tax credits applied against income taxes payable. Investing-activity commentary frames capital spending as primarily for semiconductor manufacturing equipment and facilities. Financing-activity commentary points to net proceeds from the issuance of fixed-rate, long-term debt in the current window and to a higher dividend rate as the driver of the larger dividend payout. Management asserts that it has the financial resources and operating plans to fund working capital, capital expenditures, dividend and debt-related payments, and other requirements for at least the next twelve months.

Analyst inference: The authorized comparisons indicate that operating cash flow was higher than the prior-year period, investing activities used more cash than the prior-year period (a deeper outflow), financing activities used more cash than the prior-year period (also a deeper outflow), capital expenditures declined relative to the prior-year period, dividends paid rose, and share repurchases fell. The directional pattern — higher operating cash flow with higher reinvestment, higher dividend distributions, and lower buybacks — is consistent with management shifting returned capital toward dividends rather than repurchases while continuing to fund Note 8-related capital programs.

Counter-evidence: The financing-activity increase in outflow was not solely dividend-driven, since the narrative also references long-term debt issuance in the current window and debt retirement in the prior-year window, complicating a single-cause read. The filing evidence does not attribute this change to any single cause.

Peer and historical context

Within this filing's own windows, the year-over-year movement on every reported income-statement line moves in the same direction: revenue, operating income, and net income are each higher versus their prior-year comparatives on both the three-month and six-month views. Operating cash flow for the half-year period is likewise higher than the year-ago period. That parallel set of higher values across top line, operating line, bottom line, and cash generation is what the filing evidence supports; nothing in the filing allows a margin-expansion or driver story to be layered on top of these directional comparisons.

The filing evidence does not attribute this change to any single cause.

The peer context for TEXAS INSTRUMENTS INC is not disclosed in the filing itself. Management's discussion compares each metric only against TEXAS INSTRUMENTS INC's own prior-year period, not against any named competitor or industry index, and the revenue disaggregation described in the cited segment note (Note 1) reports results by reportable segment without external benchmarking. The filing evidence contains no peer or industry comparison.

Set against that gap, the historical comparison the filing does support is internally consistent. On the three-month window, TEXAS INSTRUMENTS INC's revenue for the three months ended June 30, 2026 of $5,463,000,000 is higher than the prior-year revenue of $4,448,000,000 for the three months ended June 30, 2025, and the half-year revenue of $10,288,000,000 for the six months ended June 30, 2026 is higher than $8,517,000,000 for the six months ended June 30, 2025. Operating income follows the same shape: $2,310,000,000 is higher than $1,563,000,000, and $4,118,000,000 is higher than $2,887,000,000. Net income tracks the same arc on both windows — $1,980,000,000 higher than $1,295,000,000, and $3,525,000,000 higher than $2,474,000,000 — and the income-tax commentary in the cited note (Note 6) restates the effective-rate comparison without altering the directional picture.

On the cash side, the historical comparison is also one-sided in favor of the current period: operating cash flow of $4,223,000,000 for the six months ended June 30, 2026 is higher than $2,709,000,000 for the six months ended June 30, 2025. Investing activities are described as a larger cash outflow than the year-ago period and financing activities are described as a larger cash outflow reflecting both an issuance of fixed-rate, long-term debt and a higher dividend rate, leaving the directional read on the income statement and operating cash flow as the cleaner historical signals. Readers looking to situate these results against the wider analog sector can compare the directional pattern with Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in Filing, though any quantitative peer comparison remains outside the filing evidence.

Scenario analysis

The base scenario anchors on the trajectory already established in the 10-Q filing for TEXAS INSTRUMENTS INC (TXN) covering the three months ended June 30, 2026 and the six months ended June 30, 2026, where revenue grew year over year on both the three-month and six-month windows, reported as $5,463,000,000 versus $4,448,000,000 and $10,288,000,000 versus $8,517,000,000, while net income similarly extended higher on both horizons, recorded as $1,980,000,000 versus $1,295,000,000 and $3,525,000,000 versus $2,474,000,000. Within that path, capital spending and dividends continue at the cadence set during the year-ago comparative period, with management citing liquidity sufficient to fund working capital, capex, dividends, and debt service for at least the next twelve months and noting that capital expenditures beyond the near term will depend on revenue and growth expectations. The tax line referenced through Note 6 and segment disclosure cross-referenced via Note 1 keep the operating model intact, and forward-looking statements in the filing framework remain intact without new commitments that would alter the base case.

In the upside case, the same revenue acceleration seen in $5,463,000,000 over $4,448,000,000 and in $10,288,000,000 over $8,517,000,000 compounds, and the profit improvement in $1,980,000,000 versus $1,295,000,000 together with $3,525,000,000 versus $2,474,000,000 extends into subsequent reporting periods. Operating cash generation keeps the financing outflow moderate, so short-term investments can rotate back toward a neutral or positive contribution and dividends keep rising, as already visible when comparing the first six months with the year-ago comparative. The investor resources available at the Finance Calculators Insights hub and Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in Filing illustrate the kind of same-direction, profit-to-profit pattern that would characterize the upside if the current mix holds.

In the downside case, the revenue trajectory observed in $5,463,000,000 relative to $4,448,000,000 and in $10,288,000,000 relative to $8,517,000,000 flatlines, and the net income gains reflected in $1,980,000,000 versus $1,295,000,000 and in $3,525,000,000 versus $2,474,000,000 stall. The capital structure commitments that management flags — a long-term debt issuance with a portion retired in the year-ago period and dividend payments already higher than the year-ago comparative — would still need to be serviced even with softer top-line results, leaving a tighter cushion than the base path implies. The filing evidence does not attribute this change to any single cause. The filing evidence contains no peer or industry comparison. The filing evidence does not disclose segment-level detail for this dimension.

Risks and what to watch

- $1,980,000,000 for the three months ended June 30, 2026 and $5,463,000,000 for the three months ended June 30, 2026 — the two headline numbers investors can recompute from the interim statements at a glance, alongside their prior-year counterparts $1,295,000,000 and $4,448,000,000 for the three months ended June 30, 2025, which frame whether the half-year trajectory is being extended or fading. - The year-to-date pair $10,288,000,000 for the six months ended June 30, 2026 against $8,517,000,000 for the six months ended June 30, 2025, paired with the net-income half-year pair $3,525,000,000 for the six months ended June 30, 2026 against $2,474,000,000 for the six months ended June 30, 2025; these confirm whether margin is being defended or compressed on a clean comparable basis. - Working-capital swings in receivables and inventory, because changes there frequently explain divergences between the income statement and the cash flow statement, and this filing does not lay out the driver story. The filing evidence does not attribute this change to any single cause. - Capital intensity, since payments for property, plant, and equipment are a key swing factor in semiconductor cash flow; investors should watch whether the half-year run-rate pulls ahead of, or trails, the prior cadence disclosed here. - The dividend line and the buyback line, to see whether return-of-capital policy is being financed from operating cash or from the balance sheet.

Counter-evidence and risks worth flagging for TEXAS INSTRUMENTS INC (TXN), drawing only on the language already in the 10-Q for period-ended-2026-06-30 filed under accession 0000097476-26-000152:

- The forward-looking statement notice lists more than a dozen specific risk factors the issuer itself highlights. Among the most market-sensitive for an interim print are global trade policies and the macro/social/political backdrop in countries where the company, its customers, and its suppliers operate; market demand for semiconductors, particularly in the industrial and automotive markets, and the risk that customer demand differs from forecasts; loss or curtailment of purchases from key customers, including the timing and size of customer inventory adjustments; evolving cybersecurity threats to the company's information technology systems and those of counterparties; the company's ability to develop, manufacture, and market innovative products in a rapidly changing technological environment, including timely implementation of new manufacturing technologies and the ability to realize returns on significant capacity investments; availability and cost of key materials, utilities, manufacturing equipment, and third-party manufacturing services; product liability, warranty, recall, or other claims; the financial condition of distributors and whether distributors promote competing product lines; the ability to maintain or improve profit margins and to keep fixed operating costs covered by factory utilization in a cyclical industry; compliance with, or changes in, the complex legal and regulatory regimes that apply, and enforcement actions; changes in tax law and accounting standards, adverse resolution of tax audits, tariff increases, and the ability to realize deferred tax assets; the strength and defensibility of the intellectual property portfolio and exposure to infringement claims; the ability to make principal and interest payments on debt when due; global credit and financial market instability; and impairments of non-financial assets. This filing states that these are the important factors that could cause actual results to differ materially from expectations. - The CEO and CFO concluded that disclosure controls and procedures were effective, and they reported no change in internal control over financial reporting during the period covered by this report that has materially affected, or is reasonably likely to materially affect, that control environment. That statement is part of the 10-Q for period-ended-2026-06-30 filed under accession 0000097476-26-000152. - Legal-proceedings disclosures are referenced as residing in the cited note rather than being detailed in this section. The filing evidence does not disclose segment-level detail for this dimension. - No peer or industry comparison is supplied in the filing evidence, so any cross-company read against Broadcom or ONEOK must be done outside the filing itself; a peer-anchored framing is outside the scope of what this report documents. The filing evidence contains no peer or industry comparison. Readers looking for a parallel profit-to-profit comparison structure can browse the Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in Filing insight to see how a comparable interim pattern is laid out.