Texas Instruments Beats Q3 Guidance But Stock Falls 4% on July 22 as Gains Already Priced In

Texas Instruments issued fiscal 2026 Q3 guidance that beat analyst expectations on July 22, yet shares dropped 4% in after-hours trading. The company forecast revenue of $56.5–$61.5 billion versus consensus expectations of $56.2 billion, with earnings per share of $2.23–$2.57 versus anticipated $2.15. Despite the upbeat outlook, the stock's 70% year-to-date gain has set expectations so high that the positive guidance failed to impress investors, leaving little room for surprise.
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