TXN 10-Q filed 2026-10-23 | Key takeaways
TXN filed its 10-Q; the most relevant disclosure change is expanded Dividend: In September 2026, TI announced it would increase its quarterly cash dividend by 7% to $1.52 per share, marking 23 consecutive years of dividend increases.
Forward guidance
Key takeaways
Gross profit margin expanded to 64.2% from 57.4% year-over-year, driven by higher revenue and improved factory loading.
In September 2026, TI announced a 7% increase in its quarterly cash dividend to $1.52 per share, marking 23 consecutive years of dividend increases.
The company retired $500 million of maturing 1.125% notes due 2026 in September 2026; total debt declined to $13.56 billion carrying value from $14.05 billion at June 30, 2026.
Acquisition charges of $7 million and $41 million were incurred in Q3 and the first nine months of 2026, respectively, related to the planned Silicon Labs acquisition expected to close in H1 2027.
Geographic revenue distribution: United States 39%, China 23%, Rest of Asia 10%, EMEA 20%, Japan 6%, Rest of World 2%.
Key metrics
Disclosure changes
- Dividend
In September 2026, TI announced it would increase its quarterly cash dividend by 7% to $1.52 per share, marking 23 consecutive years of dividend increases.
Dividend increase reflects strong cash generation and commitment to returning capital to shareholders. - Debt
In September 2026, TI retired $500 million of maturing 1.125% notes due 2026; total debt carrying value declined to $13.56 billion from $14.05 billion at June 30, 2026.
Debt reduction improves balance sheet flexibility and reduces future interest obligations. - Acquisition charges
Acquisition charges of $7 million were incurred in Q3 2026 related to the Silicon Labs transaction, bringing nine-month total to $41 million.
Ongoing acquisition-related costs affect reported earnings and will continue until transaction closes. - Stock repurchases
TI repurchased 183,870 shares during Q3 2026 at an average price of $268.87 per share; $18.56 billion remained authorized under repurchase programs.
Repurchase activity affects share count and capital allocation strategy. - Exhibits
TI added Form of Executive Officer Separation Agreement as Exhibit 10(a), which was not present in the Q2 2026 10-Q.
New executive separation agreement may relate to executive compensation arrangements. - Geographic revenue concentration
China revenue was 23% in Q3 2026, up from 21% in Q3 2025 and 22% in Q2 2026; Germany revenue was 9% in both Q3 2026 and Q3 2025.
Increasing China revenue concentration may present geographic risk exposure.
Primary source
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