Texas Instruments (TXN)

Outperform Recap: Q1 2026

The Inflection Quarter: Industrial Broad-Based +30% / Data Center +90% / FCF +159% TTM / First Ever $5B+ Quarter Guide — +18% Is the Largest Single-Day Rally in TXN History

Outperform Recap: Q4 2025

First Sequentially-Up Q1 Since 2010 + Data Center Standalone at $1.5B / +64% + CapEx Narrowed to $2-3B: The Setup Has Changed

Hold Recap: Q3 2025

Print Clean, Guide Soft Again: Slower Recovery Re-Rates the Cycle, but Data Center Break-Out and 150mm Closures Reset the Forward Story

Hold Recap: Q2 2025

Beat the Print, Lost the Narrative: Q3 Guide and a Tone Shift on Tariff Pull-Ins Trigger a 13% Sell-Off