Bull of the Day: Texas Instrument (TXN)

What happened

Texas Instruments (TXN) recently began production at its newest fab in Sherman, Texas, part of a broader $60 billion US manufacturing expansion spanning seven facilities in Texas and Utah; the article states that with additional capacity coming online, the company is positioning itself to capture rising demand while benefiting from greater economies of scale and tighter control over its supply chain. The expansion leverages its investments in 300mm wafer fabrication, which can reduce production costs substantially compared with traditional 200mm manufacturing. Fundamentally, third-quarter revenue increased 28% year over year to $6.06 billion, earnings per share surged 77% to $2.62, and operating profit climbed 73%; the analog segment generated 32% revenue growth while embedded processing revenue increased 21%. Over the last 60 days, the Zacks Consensus Estimate for current-year earnings has increased 5.6% to $8.89 per share, while next-year estimates have jumped 13% to $11.12. The company generated $7.4 billion in free cash flow over the trailing 12 months and currently trades around 34x forward earnings. The article also notes that the average number of semiconductors per vehicle doubled between 2017 and 2021, reaching roughly 1,700. The broader expansion remains a plan under way and the source does not provide a completion timeline.

Impact and signal

Affected components and suppliers

Source and time

Source: Yahoo Finance — TXN · 11/4/2026 · View original source