Texas Instruments Stock Slides on Soft Guidance
2 minutes ago
Texas Instruments (TXN) shares dropped in early trading Wednesday as the company issued a soft profit forecast.
The analog chip maker said it expects third-quarter earnings of between $1.36 and $1.60 per share, below the consensus of analysts surveyed by Visible Alpha at the midpoint. Texas Instruments’ revenue outlook of $4.45 billion to $4.8 billion is roughly in line with Street estimates.
Texas Instruments shares were down more than 12% recently, bringing the stock back to near unchanged for 2025. Shares of rivals Analog Devices (ADI) and Microchip Technology (MCHP) also fell sharply this morning.
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For the second quarter, Texas Instruments reported revenue of $4.45 billion, up 16% year-over-year and above the analyst consensus from Visible Alpha. Net income of $1.3 billion, or $1.41 per share, rose from $1.13 billion, or $1.22 per share, in the year-ago quarter, also topping estimates.
The company’s semiconductors are used in a wide variety of electronic devices, including smartphones, vehicles, and satellites. Texas Instruments has said it counts Apple (AAPL), Ford (F), Nvidia (NVDA), SpaceX, and Medtronic (MDT) among those using its products.
Last month, the company announced plans to invest over $60 billion in U.S. chip production, including on seven facilities in Texas and Utah.
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