TXN's Data Center Sales Double: Will This Growth Rate Continue in 2026?

Texas Instruments reported data center revenues doubled year-over-year in Q2 2026, fueled by AI infrastructure spending. The company projects it will outpace overall data center market growth in 2026, citing R&D investments, expanded manufacturing capacity, and the industry shift toward 800-volt architectures that increase chip content per system.

TXN's broad analog portfolio and capacity positioning provide competitive differentiation as the data center build-out accelerates. Analog Devices (ADI) and ON Semiconductor (ON) are also capturing data center growth, but TXN's scale and product breadth offer structural advantages in the current cycle.

The 800-volt architecture transition is a key tailwind—higher voltage systems require more power management and signal chain content, expanding TXN's addressable opportunity per rack. The company's vertical integration and fab capacity investments position it to meet accelerating demand without the supply constraints that have plagued the semiconductor sector in recent cycles.