Texas Instruments Slashes 2026 CapEx Outlook, Targets $8+ Free Cash Flow Per Share, Details Fab Roadmap

8 months ago 31

MarketBeat

Wed, February 25, 2026 astatine 4:17 AM CST 7 min read

Texas Instruments logo

2026 CapEx: $2–3 billion arsenic TI nears completion of large capableness expansions, with absorption saying spending could inclination toward the little extremity (~$2B) if maturation is akin to past twelvemonth and an updated inventory days people of 150–250.
Free currency travel people > $8 per stock successful 2026, arsenic operating currency travel recovers and CapEx moderates, with the institution committing to instrumentality escaped currency travel implicit clip via dividends and stock repurchases.
TI is accelerating its 300mm in-house manufacturing roadmap—highlighting ramp plans astatine RFAB2, LFAB1 and Sherman and targeting >95% internally sourced wafers (>80% connected 300mm) by 2030—and expects to adjacent the Silicon Labs acquisition successful H1 2027, financed with currency and pre-arranged debt.
Interested successful Texas Instruments Incorporated? Here are 5 stocks we similar better.

3 Industrial Chip Stocks Riding a New Semiconductor Supercycle successful 2026

Texas Instruments (NASDAQ:TXN) utilized its 2026 Capital Management Call to reiterate that it manages the concern for semipermanent owners with an accent connected increasing escaped currency travel per share, portion outlining a little superior spending outlook for 2026, an updated inventory framework, and details connected its manufacturing roadmap and currency instrumentality priorities.

CEO Haviv Ilan said the company’s nonsubjective is to “maximize semipermanent maturation of escaped currency travel per share,” which absorption described arsenic the superior operator of semipermanent shareholder value. Ilan said TI’s strategy centers connected 3 elements: a concern exemplary focused connected analog and embedded processing; disciplined superior allocation crossed R&D, manufacturing capacity, acquisitions, and currency returns; and a absorption connected ratio to make much output per dollar of input.

→ Hinge Health’s AI Moat Might Be Its Patient Movement Data

Texas Instruments Executes a $7.5B Deal and an AI Strategy Pivot

Management again highlighted 4 “sustainable competitory advantages” it believes are hard to replicate: manufacturing and technology, a wide analog and embedded portfolio, the scope of TI’s marketplace channels (including ti.com), and “diverse and long-lived positions” that trim dependence connected immoderate azygous lawsuit oregon merchandise cycle.

CFO Rafael Lizardi said TI met its 2025 superior absorption objectives. He reported superior expenditures of astir $4.6 cardinal successful 2025 and currency instrumentality of astir $6.5 billion, which helium said reflects TI’s committedness to returning each escaped currency travel implicit clip done dividends and stock repurchases.

→ Gold and Silver Pulled Back—Here’s Why the Bull Case Is Intact

Read Entire Article