德州仪器（TXN）将于10月21日盘后发财报，此为财报前预期综述而非实际业绩，无新增交易事实

Texas Instruments Incorporated ( TXN ) is scheduled to report its fiscal third-quarter 2026 results on October 21, after market close. Ahead of the announcement, Wall Street expects revenue of $5.93B and non-GAAP EPS of $2.40 , both within management’s guidance of $5.65B–$6.15B in revenue and $2.23–$2.57 in EPS. However, UBS Group ( UBS ) is more optimistic, forecasting $6.05B in revenue and $2.48 EPS, near the upper end of the company’s guidance, driven by continued demand for AI-related semiconductors. These estimates build on strong second-quarter results, when Texas Instruments reported revenue of $5.46B, up 23% YoY, while EPS increased 52% to $2.14, including a $0.05 benefit. Industrial, data center, and automotive demand supported growth, with analog revenue rising 26% to $4.37B and embedded processing revenue climbing 16% to $788M, providing a stronger foundation for the current quarter. The improving outlook has also supported the stock, which recently traded near $282.11, up 61.8% year to date , outperforming the S&P 500 ( SP500 )'s 13.13% gain. UBS Group also maintains a buy rating and a $380 price target, citing AI spending and manufacturing capacity. Seeking Alpha analysts and Wall Street analysts also rate the stock as buy, while its Quant rating remains hold, and its D- valuation grade signals elevated valuation risk. Against this backdrop, upward EPS revisions from 21 analysts and no downward EPS revisions suggest growing confidence in the upcoming results. The recently declared $1.52 quarterly dividend reinforces shareholder returns but is unlikely to be the primary driver of the post-earnings reaction. Overall, investors will watch industrial and automotive demand, AI sales, margins, factory utilization, capital spending, and inventory trends. The third-quarter results and fourth-quarter guidance will determine whether the rally has further room to run.