Texas Instruments' stock jumps 19% for best day since 2000 as AI demand soars

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TLDR

  • Texas Instruments beat Q1 estimates and issued strong Q2 guidance, sending shares up 19% to a record close.

Key Takeaways

  • Q1 revenue grew 19% year-over-year to $4.83B, beating the $4.53B analyst estimate; EPS of $1.68 beat the $1.27 consensus.
  • Q2 guidance: revenue of $5.0B-$5.4B (17% growth at midpoint) and EPS of $1.77-$2.05.
  • Data center segment revenue rose ~90% year-over-year; industrial segment rose 30%.
  • TI is spending $60B on three new U.S. fabs; Apple committed to making iPhone semiconductors at TI’s Utah and Texas plants.
  • In February, TI agreed to acquire Silicon Laboratories for $7.5B to expand wireless and connectivity chip capabilities.

Why It Matters

  • TI’s analog chips handle power regulation and signal conversion inside AI data centers, making it a direct beneficiary of hyperscaler capex from Meta, Amazon, and others without competing in advanced logic.
  • CEO Haviv Ilan stated TI is prepared to meet demand whether growth holds at 19% or accelerates, signaling supply confidence backed by the $60B domestic fab buildout.
  • Shares are up 63% year-to-date, and the 19% single-day move is the largest since 2000, reflecting a market re-rating of analog chip suppliers in the AI infrastructure cycle.

Katie Tarasov, CNBC · 2026-04-23 · Read the original