Street View: TI's beat is clear, longevity less so

Texas Instruments

23/04/2026 11:22

** Texas Instruments TXN.O forecast Q2 revenue and profit above Wall Street expectations on Wednesday, anticipating a boost in demand for its analog chips amid the data center boom

** Shares jump over 11.5% to $264.49 premarket

** At least six brokerages raise price targets after results

DURABILITY STILL DEBATED

** Morgan Stanley ("underweight," PT: $221) says TXN had a "very strong quarter, though strength is much clearer in the near-term and durability remains a question long-term"

** TD Cowen ("buy," PT: $300) says growth durability from here still needs to be proven, but secular and cyclical signs are both positive

** Jefferies ("hold," PT: $260 ) says the setup into 2H26 looks promising with potential for better pricing and margin flow through

** J.P. Morgan ("overweight," PT: $280) expects sustained recovery and positive earnings revision cycle through 2026

 (Reporting by Joel Jose in Bengaluru)

 ((joeljose@thomsonreuters.com))