Tech
Texas Instruments revenue rises 23% to $5.46 billion
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- Texas Instruments reported second-quarter revenue of $5.46 billion, up 23%, with diluted EPS increasing 52% to $2.14.
- The stock closed 1% higher at $294.12 before the results, with no verified after-hours reaction available.
- Texas Instruments expects third-quarter revenue of $5.65 billion–$6.15 billion and EPS of $2.23–$2.57.
Texas Instruments (NASDAQ:TXN) reported second-quarter revenue of $5.46 billion, up 23%, as industrial, data-center and automotive demand increased.
Revenue exceeded the company’s previous $5 billion–$5.40 billion guidance, while EPS rose from $1.41 to $2.14.
Operating profit rose 48% to $2.31 billion, while net income increased 53% to $1.98 billion.
Following the announcement, Texas Instruments' share price had no verified after-hours move, after closing up 1.0% at $294.12.
Texas Instruments generated $8.67 billion in trailing operating cash flow and returned $5.82 billion through dividends and share repurchases.
Texas Instruments said it expects third-quarter revenue of $5.65 billion–$6.15 billion and diluted EPS of $2.23–$2.57.
