Texas Instruments lowered its capital spending guidance for 2026, prioritizing cost efficiency and return optimization. The reduction in planned investment reflects a shift toward disciplined spending in light of softer demand conditions.

The company now expects to generate in excess of $8 of free cash flow per share in fiscal 2026, up from earlier forecasts near $6.50. Enhanced cash generation underpins plans for increased shareholder returns and accelerated debt reduction.

TI unveiled a detailed wafer fabrication roadmap, highlighting expansions at existing fabs and consideration of new greenfield sites. The plan targets higher output for analog and embedded processing nodes, with capacity milestones extending through 2028.