Texas Instruments Inc

TXN is firmly in a Stage 4 decline with a persistent sequence of lower highs and lower lows and price below declining EMAs. Medium-term structural bias is bearish, supported by ongoing distribution and the active Lower Highs & Lower Lows pattern. Short-term price is extended below EMAs and in extreme oversold territory, making immediate selling unfavorable. We recommend trimming exposure on any shallow rally into the 9/21 EMA and intermediate resistance zones.

• ↑Q1 2026 revenue reached $4.83B, up 19% YoY on industrial demand.
• ↑Data center revenue soared 90% YoY, reflecting strong AI/cloud demand.
• ↓Depreciation expense rising to ~$350M in 2026, pressuring gross margins.