Texas Instruments reported better-than-expected first-quarter results Wednesday, according to Benzinga. Revenue reached $4.07 billion versus the $3.91 billion estimate, and earnings per share landed at $1.28, topping the $1.07 consensus. Revenue rose 11% year-over-year and 2% sequentially, with all markets growing except personal electronics, which faced seasonal weakness. For Q2, the company guided revenue between $4.17 billion and $4.53 billion and EPS between $1.21 and $1.47, both ranges ahead of Street expectations. Management emphasized the importance of maintaining flexible, geopolitically dependable capacity to meet evolving supply chain demands. Executives expressed confidence in their positioning but noted they remain cautious amid ongoing macroeconomic changes. Shares rose 5.15% after hours.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Texas Instruments reported better than expected first quarter results Wednesday,
00:06that according to Benzinga. Revenue reached $4.07 billion versus the $3.91 billion estimate.
00:12Earnings per share landed at $1.28, topping the $1.07 consensus. Revenue rose 11% year-over-year
00:18and 2% sequentially, with all markets growing except personal electronics, which face seasonal
00:23weakness. For Q2, the company guided revenue between $4.17 billion and $4.53 billion.
00:28EPS between $1.21 and $1.47. Both ranges ahead of straight expectations. Management emphasized
00:35the importance of maintaining flexible, geopolitically dependable capacity to meet
00:40evolving supply chain demands. executives expressed confidence in their positioning,
00:44but noted they remained cautious amid ongoing macroeconomic changes. Shares rose 5.15%
00:51after hours. For all things money, visit Benzinga.com slash GSTV.