Corrected: Texas Instruments Q2 revenue beats, helped by data center demand
CORRECTED-Texas Instruments Q2 revenue beats, helped by data center demand Corrects to remove extraneous word "adjusted" from second Overview bullet point
Overview
Semiconductor maker's Q2 revenue rose 23% yr/yr, beating analyst expectations
Q2 EPS rose 52% yr/yr; included 5-cent benefit not in original guidance
Company says growth driven by industrial, data center and automotive demand
Outlook
Texas Instruments sees third-quarter revenue between $5.65 bln and $6.15 bln
Company expects third-quarter EPS between $2.23 and $2.57
Result Drivers
INDUSTRIAL, DATA CENTER AND AUTOMOTIVE DEMAND - Co said Q2 revenue growth was led by broad gains in industrial, data center and automotive markets
ANALOG AND EMBEDDED PROCESSING SEGMENTS - Analog revenue rose 26% and Embedded Processing revenue rose 16% yr/yr, contributing to overall growth
Company press release: ID:nPn4sxPwSa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $5.46 bln | $5.25 bln (27 Analysts) |
Q2 EPS |
| $2.14 |
|
Q2 Net Income |
| $1.98 bln |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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Brief: Texas Instruments CEO - In Q3, Data Center Was Up About 95% YoY And Grew About 20% Sequentially - Conf Call
Analog chipmaker Texas Instruments sees quarterly sales above estimates
Texas Instruments Q3 revenue beats on growth in industrial, automotive, data center markets