TXN · Texas Instruments Q2 FY2026 earnings call record财报电话会记录

“Sequentially, gross profit margin increased 340 basis points.”

“Earnings per share included a $0.05 benefit not in our original guidance due to discrete tax benefits.”

“Capital expenditures were $514 million in the quarter and $3.3 billion over the last 12 months.”

“Free cash flow on a trailing 12-month basis was $6.5 billion, up from $1.8 billion in the second quarter of 2025 and continuing to trend up as growth returns.”

“Turning to our outlook for the third quarter, we expect TI's revenue in the range of $5.65 billion-$6.15 billion, and earnings per share to be in the range of $2.23-$2.57.”

“In addition, I think our automotive customers have taken their inventory to very low levels, and now, as there is a little bit more demand, they find themselves in a situation that is not sustainable.”

“I assume that the TI team is still seeing expanding short lead time orders not anticipated in your customers' initial forecast coming into the quarter.”

“Regarding the segments, meaning analog and embedded, look where we see the most pressure, also within lead time escalations.”

“Let me just, again, remind everyone that we gave a framework of revenue and free cash flow.”

“We are seeing challenges in PE as some shortages are putting pressure on our customers.”

“Rafael, you're kind of run rating, it looks like at the lower end of the $2 billion-$3 billion gross CapEx guidance for the year.”

“First, on the CapEx expectation for 2026, it continues to be $2 billion-$3 billion.”