Texas Instruments Q2 Revenue Beats, Data Center Demand Drives 23% Growth
TXN sits 85% above its 52-week low of $152.73.
Summary
Texas Instruments reported Q2 revenue of $5.46 billion, up 23% year-over-year and beating the $5.25 billion consensus. Adjusted EPS rose 52% to $2.14, including a 5-cent benefit not in original guidance. Growth was broad-based across industrial, data center, and automotive markets, with analog revenue up 26% and embedded processing up 16%. The company guided Q3 revenue to $5.65–$6.15 billion and EPS to $2.23–$2.57, both above current estimates. This follows the earlier Q3 EPS guidance release and adds full Q2 results and revenue outlook, confirming strong momentum into the second half.
At the time of this announcement, TXN was trading at $283.00 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 positive market sentiment and an importance score of 8 out of 10. Source: Reuters.