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Filing body read (10-Q 2026-04-24) Texas Instruments filed its Q1 2026 10-Q showing higher year-over-year revenue, profit and cash flow, continued CHIPS Act benefits, lower near-term capex expectations, and a pending all-cash acquisition of Silicon Labs. Material changes: Q1 2026 revenue rose 19% year over year to $4.825 billion, led by industrial and data center demand.; Net income increased to $1.545 billion from $1.179 billion, and diluted EPS increased to $1.68 from $1.28.; Analog revenue increased 22% year over year and Embedded Processing revenue increased 12%; Other revenue declined 16%.. Risks: Macroeconomic uncertainty and global trade policy changes could affect demand, customers and suppliers.; Semiconductor cyclicality, customer inventory adjustments and demand differing from forecasts could affect revenue and margins.; Competitive pricing pressure and fixed manufacturing costs could pressure profitability if factory loadings decline.. Next checks: Review the Silicon Labs merger agreement, proxy materials and regulatory approval status.; Track any debt financing terms arranged for the Silicon Labs acquisition before closing.; Monitor Q2 2026 demand trends by end market, especially industrial, automotive and data center..