Texas Instruments' analog recovery broadens as 12-inch investment turns into margin

Texas Instruments' third quarter suggested the analog chip upturn has moved beyond restocking into a broad-based recovery, and that the company's multi-year build-out of 12-inch wafer capacity is now lifting margins rather than absorbing cash. Revenue rose 28% year on year and 11% sequentially to US$6.06 billion for the quarter ended September 30, 2026.