Texas Instruments Incorporated (TXN) reported a significant increase in automotive demand, reflecting a broader recovery in the semiconductor industry. In Q2 2026, automotive revenues soared in the mid-teens on a year-over-year basis, reaching $5.46 billion in total revenue—up 23% from the previous year—with an operating profit boost of 48%. The company anticipates third-quarter revenues to be between $5.65 billion and $6.15 billion, indicating continued growth momentum.
A notable driver of this improvement is the rising demand for electric vehicles (EVs) and hybrids, particularly in China, alongside reduced customer inventories leading to replenished orders. The overall consensus estimate for Texas Instruments’ 2026 revenues is currently set at $21.7 billion, suggesting a year-over-year growth of 22.7%.
In comparison, Analog Devices, Inc. (ADI) generated $3.62 billion in Q2 2026, marking a 37% year-over-year increase, with automotive contributing $871.6 million—up 2% year over year. Similarly, ON Semiconductor (ON) reported automotive revenues of $781 million in Q2, a 7% increase from the previous year, driven by rising demand in China.
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