Texas Instruments Inc. (NASDAQ:TXN) on Wednesday posted upbeats third-quarter fiscal 2026 results and issued strong forward guidance.
Texas Instruments reported quarterly earnings of $2.62 per share, which beat the analyst consensus estimate of $2.41, per Benzinga Pro data. The company advised that EPS included a one-cent reduction that was not in its original guidance. Quarterly revenue of $6.06 billion beat the Street estimate of $5.92 billion and was up from $4.74 billion in the same period last year.
Texas Instruments expects fourth quarter GAAP EPS of $2.45-$2.79, versus the $2.29 analyst estimate, and revenue between $5.8 billion and $6.3 billion, versus the $5.73 billion estimate.
Texas Instruments shares slipped 1.7% to trade at $279.95 on Thursday.
These analysts made changes to their price targets on Texas Instruments following earnings announcement.
- Mizuho analyst Vijay Rakesh maintained the stock with a Neutral and lowered the price target from $305 to $290.
- Rosenblatt analyst Kevin Cassidy maintained the stock with a Buy and raised the price target from $350 to $360.
- Stifel analyst Tore Svanberg maintained the stock with a Buy and raised the price target from $360 to $370.
- JP Morgan analyst Harlan Sur maintained the stock with an Overweight rating and raised the price target from $340 to $365.
- Barclays analyst Tom O’Malley maintained the stock with an Equal-Weight rating and raised the price target from $250 to $280.
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