Texas Instruments reported a sharply stronger second quarter of 2026 while also updating investors on its pending acquisition of Silicon Labs and the financing arranged to support that deal. For the quarter ended June 30, 2026, Texas Instruments posted revenue of $5.46 billion, up 13% sequentially and 23% from the year-earlier quarter. Net income rose to $1.98 billion, or $2.14 per diluted share, compared with $1.30 billion, or $1.41 per share, a year earlier. Management said growth was broad-based and led by industrial, data center and automotive demand. The company’s largest business, Analog, generated second-quarter revenue of $4.365 billion, up from $3.452 billion a year earlier, with operating profit of $1.992 billion and an operating margin of 45.6%. Embedded Processing revenue rose to $788 million from $679 million, with operating profit increasing to $168 million and margin improving to 21.3%. The Other segment, which includes DLP products and calculators, reported revenue of $310 million and operating profit of $150 million. Companywide gross profit was $3.35 billion, or 61.4% of revenue, up from 57.9% a year earlier, while operating profit rose to $2.31 billion, or 42.3% of revenue. For the first six months of 2026, Texas Instruments reported revenue of $10.29 billion, up 21% from the prior-year period, and net income of $3.53 billion, or $3.82 per share. Operating profit for the six-month period was $4.12 billion, or 40.0% of revenue. The company recorded acquisition charges of $17 million in the second quarter and $34 million year to date, tied to its planned acquisition of Silicon Labs. The most significant corporate action discussed in the filing is Texas Instruments’ agreement, announced February 4, 2026, to acquire Silicon Labs in an all-cash transaction. Under the definitive agreement, Silicon Labs shareholders are to receive $231.00 in cash for each share of Silicon Labs common stock held at closing. Texas Instruments said the transaction represents a total enterprise value of approximately $7.5 billion and is expected to close in the first half of 2027, subject to regulatory approvals and other customary closing conditions. The company expects to fund the purchase with a combination of cash on hand and debt financing. To support that acquisition, Texas Instruments entered into a 364-day delayed-draw term loan credit facility in June 2026, allowing borrowings of up to $5.0 billion for the Silicon Labs purchase price and related transaction expenses. As of June 30, 2026, there were no borrowings outstanding under that facility. Texas Instruments also continued returning capital to shareholders. During the first six months of 2026, the company paid $2.59 billion in dividends, reflecting a higher dividend rate than the prior year, and repurchased 0.9 million shares of common stock for $185 million, implying an average repurchase price of roughly $206 per share based on rounded figures. Employee exercises of stock options provided $754 million of cash proceeds. Over the trailing 12 months, the company said it returned $5.8 billion to shareholders. The company’s liquidity position strengthened during the period. As of June 30, 2026, Texas Instruments held $3.66 billion in cash and cash equivalents and $3.34 billion in short-term investments, for total cash and investments of $7.00 billion, up $2.12 billion from year-end 2025. Operating cash flow for the first half of 2026.