Texas Instruments (TXN.US) Q3 results beat expectations; multiple investment banks raise target prices, yet divergence remains on the recovery outlook for analog chips.

Zhitong Finance APP has learned that Texas Instruments (TXN.US) reported third-quarter 2026 results and fourth-quarter guidance that both beat Wall Street expectations, with demand improving simultaneously across all three end marketsindustrial, automotive, and data centerdriving significant growth in the company's revenue and gross margin. Following the earnings release, investment banks including Morgan Stanley, JPMorgan, Jefferies, and Bernstein raised their price targets, but institutions remain divided on the sustainability of the analog chip industry's recovery, the company's valuation, and future capital expenditure. Texas Instruments shares rose in premarket trading on Thursday before erasing all gains after the open and are now down 0.81%.