Texas Instruments Stock Surges 52% in Three Months on AI Infrastructure Demand

Earnings
โดย Zacks Investment Research·Read original
Summary · why it matters

Texas Instruments shares have rallied 51.9% over the past three months, outperforming the broader semiconductor industry's 23.7% gain and major peers including Qualcomm, Broadcom, and NVIDIA. The company is benefiting from the artificial intelligence infrastructure boom, with its data center business reaching an annual revenue run rate of roughly $1.2 billion in 2025, up more than 50% year over year, and first-quarter 2026 data center revenues jumping 90% from the prior-year period. First-quarter 2026 revenues increased 18.6% year over year, and management guided for second-quarter revenues between $5 billion and $5.4 billion, implying 12-21% growth. Texas Instruments plans to manufacture more than 95% of its wafers internally by 2030 and expects up to $1.6 billion in CHIPS Act funding, with total lifetime benefits estimated between $7.5 billion and $9.5 billion. The stock trades at a forward price-to-earnings ratio of 36.31, above the industry average of 23.32, but the premium is supported by strong cash generation, with $7.8 billion in operating cash flow and $4.35 billion in free cash flow over the last 12 months, and nearly $6 billion returned to shareholders over the past year.

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