Texas Instrument jumps as strong chip demand power bright Q2 outlook

Texas Instruments

23/04/2026 10:07

Corrects company name in headline in April 23 story

** Texas Instruments TXN.O shares rise 12% to $265.31 before the bell

** Firm forecast quarterly revenue and profit above Wall Street estimates on strong data center chip demand

** TXN estimates Q2 revenue of $5 billion-$5.40 billion, ahead of the $4.86 billion that analysts' expect on an average, per LSEG data

** Sees adjusted EPS between $1.77 and $2.05, also ahead of $1.57 consensus

** "TI reported a blowout quarter, as the cyclical recovery in industrial semis is in full swing while the firm is tied into the artificial intelligence infrastructure buildout," Morningstar said

** Q1 revenue of $4.83 billion beat estimate of $4.53 billion

** 14 of 40 brokerages rate the stock "buy" or higher, 22 "hold" and 4 "sell" or lower; their median PT is $250 - data compiled by LSEG

** As of last close, TXN up over 36% YTD

 (Reporting by Kanchana Chakravarty in Bengaluru)

 ((Kanchana.Chakravarty@thomsonreuters.com;))