Atlas Research Note

Texas Instruments Q3 2026: Analog Turns Into a Capacity Story, and Our Models Are Behind It

Ben Bajarin · October 23, 2026

Creative Strategies earnings read | October 22, 2026 | Texas Instruments third-quarter 2026 results and conference call, October 21, 2026 Texas Instruments told investors that little analog capacity has been added outside China in four years, that pricing has started to move, and that its cleanrooms are ready to fill, while its data center business nearly doubled from a year earlier. Operating view: The analog recovery is becoming a supply story, and TI is the supplier with the cleanroom space to meet it. Management said little analog capacity has been added outside China since the 2022 peak, that some foundries are moving capacity away from analog, and that a fab takes about four years from moving dirt to output.

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Texas Instruments Q3 2026: Analog Turns Into a Capacity Story, and Our Models Are Behind It

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