Texas Instruments Beats Q2, Guides Above, but Shares Drop After-Hours
TXN sits 87% above its 52-week low of $152.73.
Summary
Texas Instruments reported Q2 revenue of $5.46 billion, up 23% YoY and ahead of the $5.25 billion consensus, with EPS of $2.14. Q3 EPS guidance of $2.23–$2.57 also topped estimates. Despite the beat, shares fell after-hours, suggesting the market had priced in even stronger results following the stock's run-up this year. The after-hours decline signals that investors were looking for more upside, particularly given the 90% YoY surge in data-center chip revenue highlighted earlier today. The Q2 10-Q filed April 24 showed 19% revenue growth, so the 23% acceleration is positive but apparently not enough to sustain momentum.
At the time of this announcement, TXN was trading at $285.78 on NASDAQ in the Technology sector, with a market capitalization of approximately $267.7B. The 52-week trading range was $152.73 to $334.03. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Binance News.