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Texas Instruments (TXN) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 24, 2026
Texas Instruments (TXN) reported revenue of $4.8B for the first quarter 2026 (Q1 2026), +19% from a year earlier and +9% from the quarter before. Operating margin was 37.5%, net earnings $1.5B (32.0% of revenue).
Texas Instruments, Q1 2026: revenue $4.8B (+19% year over year), operating margin 37.5%, net earnings $1.5B, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.8B | +9% | +19% |
| Gross profit | $2.8B | +13% | +21% |
| Operating profit | $1.8B | +23% | +37% |
| Net earnings | $1.5B | +33% | +31% |
| Operating cash flow | $1.5B | -33% | +79% |
| Free cash flow | $844M | -36% | — |
What changed
Revenue was $4.8B in Q1 2026, up 19% year over year and up 9% from the previous quarter. Analog was the largest line at 81% of revenue. Analog added $0.71B year over year (up 22%), 94% of the total change. Other declined 16%.
Gross margin was 58.0%, up 1.2 points from Q1 2025. Operating profit was $1.8B, a 37.5% margin (up 4.9 points year over year). Of the extra revenue versus Q1 2025, 64% reached operating profit, above the 33% margin then. Operating expenses grew 0% against revenue growth of 19%. Net earnings were $1.5B, up 31% year over year. The effective tax rate was 9.9%.
Operating cash flow was $1.5B (up 79% year over year), 98% of net earnings. Non-cash charges added back $0.54B of depreciation and $0.11B of share-based compensation. Working capital and other items used $0.68B. Capital expenditures of $0.68B left free cash flow of $0.84B.
Questions
What was Texas Instruments' revenue in the first quarter 2026?
Texas Instruments (TXN) reported revenue of $4.8B for the first quarter 2026 (Q1 2026), +19% from a year earlier and +9% from the quarter before.
Was Texas Instruments profitable in the first quarter 2026?
Operating profit was $1.8B (37.5% of revenue) and net earnings $1.5B.
Source: Texas Instruments 10-Q on SEC EDGAR.