Texas Instruments stays a Buy with strong industrial, data center growth and margin gains.

Texas Instruments continues to be a Buy due to strong growth in its industrial and data center segments, margin expansion, and solid free cash flow. The industrial segment grew 30% year-over-year and remains below its 2022 peak, indicating further growth potential in this high-margin area. Data center revenue surged 90% year-over-year, with management expecting sustained demand through 2026 and 2027. The stock's forward price-to-earnings ratio has decreased from the low 30s to the mid 20s, making it more attractive amid sector volatility and geopolitical risks.