Texas Instruments Q2 revenue beats, helped by data center demand - TXN News | RalliesTexas Instruments Q2 revenue beats, helped by data center demand
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TXN• 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
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
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 | |
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
