# Texas Instruments Stock Q3 2026: Revenue Up 28% to $6.1bn on Industrial and Data Center Demand
> Texas Instruments stock Q3 2026: revenue up 28% to $6.06bn, a 47.5% operating margin, data center up about 95% and a $5.8-6.3bn Q4 guide. TXN earnings.

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## Facts
- Ticker: TXN
- QSILabs fair value: $113.69 USD
- Price: $300.84 (as of 2026-10-30)
- As of: Q3 2026 results (quarter ended 2026-09-30, reported 2026-10-21) and Form 10-Q filed 2026-10-23; price as of 2026-10-30 close
- Fiscal period: Q3 2026 (July-September 2026)
- Published: 2026-11-02
- Updated: 2026-11-02
- Author: QSI Labs Research
- Canonical: https://www.quantitativesuperintelligencelabs.com/research/texas-instruments-stock-q3-2026-earnings-data-center/

## Short answer
Texas Instruments stock Q3 2026 rests on a quarter in which the analog chipmaker's recovery turned into strong growth. Revenue for the three months to 30 September 2026 rose 28% to $6.06bn, operating margin reached 47.5% against 35.1% a year earlier, and diluted EPS rose 77% to $2.62. Industrial revenue grew more than 40% and data center revenue about 95%, management said. TI guided fourth-quarter revenue to $5.80bn to $6.30bn, roughly flat on the third quarter. Our discounted cash flow model values TXN at $113.69 a share, against a $300.84 close on 30 October 2026. The business is doing very well; the price assumes it keeps growing faster, and for longer, than we expect from a cyclical chipmaker.

## Key takeaways
- Revenue up 28%. Q3 2026 revenue was $6,055m, up from $4,742m a year earlier and 11% above the $5,463m of the June quarter. Analog revenue rose 32% to $4,911m and Embedded Processing 21% to $858m.
- Margins widened sharply. Gross margin was 64.2%, against 57.4% a year earlier and 61.4% in the June quarter. Operating profit rose 73% to $2,874m, a 47.5% margin. Net income rose 78% to $2,425m.
- Broad demand. Industrial revenue rose more than 40% from a year earlier, automotive in the mid-teens and data center about 95%, according to chief executive Haviv Ilan. Data center was about 13% of revenue.
- Cash flow jumped. Cash flow from operations was $3,419m in the quarter and $9,896m over 12 months. TI's free cash flow measure, which adds CHIPS Act incentives, was $8,422m over 12 months, against $2,415m a year earlier.
- Guidance. For Q4 2026 TI expects revenue of $5.80bn to $6.30bn and EPS of $2.45 to $2.79. The $6.05bn midpoint would be 37% above Q4 2025.
- Dividend raised. The quarterly dividend rises 7% to $1.52 from the payment on 10 November 2026, TI's 23rd consecutive yearly increase.
- Our value: $113.69 a share, about 62% below the $300.84 close on 30 October 2026. A two-stage cross-check gives $116.85; analysts' average target is $336.86.
- What to watch. Whether industrial and data center demand holds up into 2027, how much 2027 pricing TI wins in its annual talks, and how the planned Silicon Labs acquisition is financed and absorbed.

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