Texas Instruments had a day for the history books on April 23. The stock closed 19% higher — its best single-day move in over 25 years — and hit a fresh all-time high of $282.23 per share.
Texas Instruments Incorporated, TXN
The catalyst was a blowout earnings report paired with strong forward guidance, driven by rising demand for TI’s chips in the AI buildout.
TXN is now up 60% in 2026.
The company has long been seen as sitting on the sidelines of the AI wave. Its analog chips are staples in appliances, motor vehicles, and industrial equipment — not the data centers hogging headlines.
That narrative took a hit Wednesday.
Q1 revenue grew 19% year-over-year to $4.83 billion. That beat Wall Street’s consensus estimate of $4.53 billion by a wide margin.
Earnings per share came in at $1.68, well above the $1.27 analysts had penciled in.
Management didn’t stop at the beat. They guided Q2 revenue between $5.0 billion and $5.4 billion — a midpoint of $5.2 billion, implying 17% growth.
EPS guidance for Q2 came in at $1.77 to $2.05 per share. Both figures topped what Wall Street was expecting.
The market’s reaction was swift. A 19% move in a single session for a company with a $257 billion market cap is rare.
Texas Instruments’ GF Score stands at 87 out of 100, reflecting strong profitability and growth metrics. Its profitability is rated 8/10, with growth at 7/10.
The stock currently trades at a P/E ratio of 48.33x, well above its historical median. Investors are clearly paying a premium for what they expect to come.
Among 26 Wall Street analysts, TXN holds a consensus Moderate Buy rating — 14 Buys, 10 Holds, and 2 Sells.
The average price target sits at $271.74, which actually implies about 4% downside from the post-earnings close. Those targets are likely due for revision.
One wrinkle worth watching: insiders sold $26.5 million in TXN stock over the past three months, with no insider buying reported.
That kind of selling doesn’t always signal trouble — executives often sell for personal reasons — but it’s a data point investors will note alongside the elevated valuation.
TXN closed April 23 at $282.23, an all-time high, on the back of its strongest earnings beat in years.
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