Texas Instruments Q1 2026: Data Center Revenue +90% YoY, Stock Surges 16% — The AI Chip Supercycle Has a New Winner

# Texas Instruments Q1 2026: Data Center Revenue +90% YoY, Stock Surges 16% — The AI Chip Supercycle Has a New Winner

> **Quick answer:** Texas Instruments reported Q1 2026 revenue of $4.83 billion (+19% YoY) and EPS of $1.68, crushing estimates by 23%. Data center revenue surged approximately 90% year-over-year — the single largest segment growth of this earnings season — sending TXN stock up 16% on April 23. Bank of America upgraded to Buy with a $320 price target. This is not the Nvidia story. This is the analog power delivery story that underpins every AI data center on earth, and the market is only beginning to price it in.

Texas Instruments Q1 2026 earnings confirmed what analog chip bulls had been predicting for two years: the AI infrastructure buildout does not run on GPUs alone. It runs on power management silicon — and TI makes most of it. With data center revenue up 90% year-over-year and free cash flow surging 154%, TXN delivered one of the most decisive earnings beats of the entire Q1 2026 season.

## Q1 2026 Results: The Numbers Behind the 16% Move

Texas Instruments reported first quarter 2026 results on April 22 after the close. The numbers were not a mild beat. They were a structural re-rating event.

| Metric | Q1 2026 Actual | Q1 2025 | YoY Change | |---|---|---|---| | Revenue | $4.83B | $4.06B | +19% | | EPS (GAAP) | $1.68 | $1.28 | +31% | | Net Income | $1.55B | — | — | | Operating Margin | 37.5% | 32.5% | +500bps | | FCF (TTM) | $4.35B | $1.71B | +154% | | Q2 Revenue Guide | $5.0B–$5.4B | — | — | | Q2 EPS Guide | $1.77–$2.05 | — | — |