Texas Instruments Incorporated (TXN) Q2 2026 Earnings Call Transcript

Welcome to the Texas Instruments Second Quarter 2026 Earnings Conference Call.

I'm Mike Beckman, Head of Investor Relations.

For any of you who missed the release, you can find it on our website at ti.com/ir.

This call is being broadcast live over the web and can be accessed through our website.

In addition, today's call is being recorded and will be available via replay on our website.

This call will include forward-looking statements that involve risks and uncertainties that could cause TI's results to differ materially from management's current expectations.

We encourage you to review the notice regarding forward-looking statements contained in the earnings release published today as well as TI's most recent SEC filings for a more complete description.

Today, I'm joined by our Chief Executive Officer, Haviv Ilan; and our Chief Financial Officer, Rafael Lizardi.

Also with us today is Julie Knecht, who will become our Chief Financial Officer on August 1.

Julie has been with TI for more than 25 years and has held a number of finance and accounting roles, most recently serving as