# Texas Instruments: Broader Recovery And Lower Capex Support Further Upside

> Texas Instruments' revenue and margin growth driven by analog recovery and reduced capex.
- Title: Texas Instruments: Broader Recovery And Lower Capex Support…
- Summary: Texas Instruments' revenue and margin growth driven by analog recovery and reduced capex. Texas Instruments reported accelerating revenue and margin growth…
- Keywords: texas instruments, analog recovery, capex, gross margin, operating margin, q2 fy2026, money, business, Texas, Instruments, Broader, Recovery
- Source: Seekingalpha — https://seekingalpha.com/article/4956228-texas-instruments-broader-recovery-and-lower-capex-support-further-upside
- Author: Arizona Equity Research
- Published: 2026-10-22T09:50:28+00:00
- Read time: 1 min
- Topics: texas instruments, analog recovery, capex, gross margin, operating margin, q2 fy2026, money, business
## Texas Instruments
Texas Instruments is a leader in analog and embedded processor space with long-lived products and vertical integration.
## Q2 FY2026 Results
Texas Instruments reported accelerating revenue and margin growth with Q2 FY2026 gross margin at 61.4% and operating margin at 42.3%.
## Lower Capex Guidance
Texas Instruments lowered FY2026 capex guidance to $2B, $3B, supporting earnings and free cash flow growth.
## Key Risks
Key risks include demand-cycle reversal, capex intensity, and execution on the Silicon Labs acquisition.
## Key takeaway

Texas Instruments reported accelerating revenue and margin growth with Q2 FY2026 gross margin at 61.4% and operating margin at 42.3%.