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Texas Instruments (TI) reported second-quarter 2026 revenue of $5.46 billion, up 23% from the same period last year and 13% sequentially, driven by broad-based demand across the industrial, data center, and automotive markets. Net income increased 53% year-over-year to $1.98 billion, while diluted earnings per share reached $2.14, including a $0.05 benefit that was not included in the company’s original guidance.
For the quarter ended June 30, 2026, TI reported:
- Revenue of $5.46 billion
- Operating profit of $2.31 billion
- Net income of $1.98 billion
- Diluted earnings per share of $2.14
- Gross performance supported by continued demand across its core end markets
The Analog segment generated revenue of $4.37 billion, an increase of 26% year-over-year, while Embedded Processing revenue rose 16% to $788 million. Revenue from the company’s Other segment declined 2% to $310 million.
TI continued to generate strong cash flow during the quarter. Cash flow from operations reached $8.67 billion over the trailing 12 months, up 35% from a year earlier, while free cash flow increased to $6.53 billion. During the same period, the company invested $3.9 billion in research and development and selling, general and administrative expenses, spent $3.3 billion on capital expenditures, and returned $5.8 billion to shareholders through dividends and share repurchases.
For the third quarter of 2026, Texas Instruments expects:
- Revenue between $5.65 billion and $6.15 billion
- Diluted earnings per share between $2.23 and $2.57
The results reflect continued strength in TI’s industrial and automotive businesses, alongside growing demand from AI data center infrastructure, while the company’s ongoing investment in 300 mm manufacturing capacity continues to support profitability and cash generation.
Original – Texas Instruments
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Soitec reported first-quarter fiscal 2027 revenue of €113 million, up 23% year-over-year at constant currency and scope, exceeding its guidance of approximately 15% growth. The stronger-than-expected performance was driven by rapidly increasing demand for Photonics-SOI substrates used in high-speed optical transceivers for AI data centers, prompting the company to publish its quarterly results ahead of schedule.
Photonics-SOI sales doubled compared with the same period last year as hyperscale AI infrastructure continued to expand. The company also announced that its 300 mm SOI manufacturing facility in Singapore has been qualified for high-volume production with its first customers, while additional customer qualifications are underway to support further capacity expansion.
Revenue by end market for the first quarter was:
- Edge & Cloud AI: €65 million, up 46% year-over-year
- Mobile Communications: €39 million, down 10%
- Automotive & Industrial: €10 million, up 108% from a low comparison base
The Edge & Cloud AI business accounted for approximately 57% of total quarterly revenue and remained the company’s primary growth driver. Demand was supported by increasing deployment of optical interconnect technologies, including pluggable transceivers, Near-Package Optics (NPO), and the industry’s ongoing qualification of Co-Packaged Optics (CPO) architectures for AI data centers.
Soitec said it continues to strengthen long-term visibility through multi-year capacity reservation agreements with customers, supported by cash deposits and extending beyond fiscal 2027. The company is expanding production capacity to meet accelerating demand for Photonics-SOI substrates.
Within Mobile Communications, Piezoelectric-on-Insulator (POI) adoption continued to increase, although ongoing inventory corrections in RF-SOI and weakness in the smartphone market offset these gains. In the Automotive & Industrial segment, Power-SOI and automotive FD-SOI wafer sales increased year-over-year, supported by higher shipment volumes and long-term customer agreements.
Looking ahead, Soitec expects second-quarter fiscal 2027 revenue to grow more than 30% year-over-year, driven primarily by continued acceleration in Photonics-SOI demand.
The company also upgraded its outlook for its AI-related business, forecasting that Photonics-SOI revenue will more than double in fiscal 2027 compared with the slightly above $100 million generated in fiscal 2026, assuming no significant disruption in the AI market.
Capital expenditure guidance remains unchanged, with projected fiscal 2027 cash outflows of approximately €100 million.
The results highlight the growing importance of silicon-on-insulator substrates for AI optical interconnects as hyperscale data centers transition toward higher-bandwidth, lower-latency optical networking technologies.
Original – Soitec
