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Texas Instruments (TXN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 24, 2026
Texas Instruments (TXN) reported revenue of $5.5B for the second quarter 2026 (Q2 2026), +23% from a year earlier and +13% from the quarter before. Operating margin was 42.3%, net earnings $2.0B (36.2% of revenue).
Texas Instruments, Q2 2026: revenue $5.5B (+23% year over year), operating margin 42.3%, net earnings $2.0B, operating cash flow $2.7B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.5B | +13% | +23% |
| Gross profit | $3.4B | +20% | +30% |
| Operating profit | $2.3B | +28% | +48% |
| Net earnings | $2.0B | +28% | +53% |
| Operating cash flow | $2.7B | +78% | +45% |
| Free cash flow | $2.2B | +159% | +294% |
What changed
Revenue was $5.5B in Q2 2026, up 23% year over year and up 13% from the previous quarter. Analog was the largest line at 80% of revenue. Analog added $0.91B year over year (up 26%), 90% of the total change. Other declined 2%.
Gross margin was 61.4%, up 3.5 points from Q2 2025. Operating profit was $2.3B, a 42.3% margin (up 7.1 points year over year). Of the extra revenue versus Q2 2025, 74% reached operating profit, above the 35% margin then. Operating expenses grew 3% against revenue growth of 23%. Net earnings were $2.0B, up 53% year over year. The effective tax rate was 11.5%.
Operating cash flow was $2.7B (up 45% year over year), 137% of net earnings. Non-cash charges added back $0.55B of depreciation and $0.13B of share-based compensation. Capital expenditures of $0.51B left free cash flow of $2.2B.
Questions
What was Texas Instruments' revenue in the second quarter 2026?
Texas Instruments (TXN) reported revenue of $5.5B for the second quarter 2026 (Q2 2026), +23% from a year earlier and +13% from the quarter before.
Was Texas Instruments profitable in the second quarter 2026?
Operating profit was $2.3B (42.3% of revenue) and net earnings $2.0B.
Source: Texas Instruments 10-Q on SEC EDGAR.