| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Texas Instruments Inc (NASDAQ:TXN) shares are trading higher Tuesday after the company provided guidance for the coming years in a presentation to investors.
What Happened: Texas Instruments executives released an off-cycle capital management update on Tuesday. On a conference call discussing its outlook, the company said it could deliver revenue of $26 billion in 2026 under ideal market conditions.
Free cash flow per share is expected to be between $8 and $12 in 2026. If the company reaches its $26 billion target in 2026, it expects free cash flow per share to be at the upper end of the range, between $11 and $12.
Texas Instruments previously said it anticipated $5 billion in capital expenditures (CapEx) in 2026, but the company now expects to spend between $2 billion and $5 billion in 2026, depending on revenues at that time.
Texas Instruments noted that it is more than 60% of the way through a six-year elevated CapEx cycle. When completed, the company expects the elevated spending to position the company to deliver dependable, low-cost capacity, scalability of CapEx and free cash flow per share growth across a range of market conditions.
Evercore ISI Group analyst Mark Lipacis maintained Texas Instruments with an Outperform rating on Tuesday and raised the price target from $255 to $268.
See Also: Jackson Hole Preview: 5 Important Questions Ahead Of Jerome Powell’s Fed Speech
TXN Price Action: Texas Instruments shares were up 1.05% at $202.78 at the time of publication, according to Benzinga Pro.
Photo: Shutterstock.
Posted In: TXN
