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The latest data point for TXN's EV/EBITDA ratio in Q1'26 stands at 103.41, marking a substantial surge from the previous quarter's value of 25.67 in Q4'25 and indicating heightened market valuation relative to earnings before interest, taxes, depreciation, and amortization. Over the period from Q2'23 to Q1'26, the EV/EBITDA ratio exhibits an overall upward trend with notable volatility, starting at 16.51 and climbing to a peak of 103.41, driven by a sharp increase in Q1'26 that contrasts with earlier fluctuations—such as a dip to 14.44 in Q3'23 followed by steady rises to 25.70 in Q3'24, a slight pullback to 20.66 in Q1'25, and a rebound to 25.67 in Q4'25. This pattern suggests improving investor sentiment toward TXN's growth prospects, though the extreme outlier in Q1'26 may reflect temporary factors like market optimism or one-time adjustments, warranting caution in valuation assessments.