Feb. 24 at 5:52 PM
$TXN
No Big Deal IMO
Texas Instruments (TXN) is down 3.7% today. Here is some analysis on what might have caused this price movement.
Analysis: The drop appears tied to investor reactions to TI’s capital-management update, where management emphasized a step-down in 2026 capital spending after a heavy investment cycle. In a jittery tape, tariff-related macro uncertainty likely amplified the move, particularly for cyclically exposed semiconductor names.
Details:
TI scheduled and hosted a capital management review webcast on February 24, outlining its strategy to maximize long-term free cash flow per share and reviewing 2025 performance versus its capital allocation metrics.
Management confirmed a 2026 capital spending range of roughly
$2B–
$3B, a sharp reduction versus 2025 spending levels, signaling a transition from peak build-out toward a more flexible investment pace.
Texas Instruments (Investor Relations), Texas Instruments (SEC filings), Financial Times
