TXN · PEAD → 9

Texas Instruments reported Q2 2026 EPS of $2.14 on 2026-07-22, beating the $1.91 consensus by $0.23 (+12.0%).

Print-day reaction was a modest +0.99% versus the prior close, a muted move given the size of the EPS beat. The overnight gap to the T+1 open was a sharp -5.74%, signalling meaningful selling pressure after-hours that erased the print-day gain and then some. Over the following two trading days the price drifted a further -1.96%, offering no recovery — the initial after-hours fade compounded rather than reversed. Cumulative abnormal return of -2.85% versus SPY.US sits just inside the ±3% neutral band, yielding a PEAD direction of none with conviction 9; the holding window closes 2026-10-19.