Forum

Forum

Texas Instruments F...
 
Notifications
Clear all
Texas Instruments Forecasts Upbeat Current-quarter Earnings On...
Texas Instruments Forecasts Upbeat Current-quarter Earnings On...
Group: Registered
Joined: 2022-10-05
New Member

About Me

By Yuvraj Malik

July 26 (Reuters) - Chipmaker Texas Instruments Inc on Tuesday forecast current-quarter revenue largely above expectations, betting on sustained demand from industrial and automotive customers and FIFA World Cup an improvement in shipments as supply-chain bottlenecks start to ease.

Share of the Dallas, Texas-based company rose 4% in extended trade, with chipmakers Intel Corp and Nvidia Corp seeing gains as well.

Some of the bigger chip companies, including Taiwan Semiconductor Manufacturing Co and Texas Instruments, have weathered the downturn from lockdowns in China, supply chain snags and a tough macroeconomic environment globally, supported by growth in newer areas such as data centers and electric vehicles.

TSMC earlier this month projected quarterly revenue growth that could be its highest in 10 quarters.

 

 

 

 

website

Texas Instruments said revenue in industrial and automotive segments, its top earners, rose high-single-digit and 20%, respectively, in the quarter ended June 30.

The company projected sales in the range of $4.90 billion to $5.30 billion in the current quarter, compared with analysts' estimate of $4.97 billion.

However, FIFA World Cup projections for the seasonally-strong third quarter were affected by weaker demand "particularly from customers in personal electronics market," Chief Financial Officer Rafael Lizardi said in a post-earnings call.

Location

Occupation

FIFA World Cup
Social Networks
Member Activity
0
Forum Posts
0
Topics
0
Questions
0
Answers
0
Question Comments
0
Liked
0
Received Likes
0/10
Rating
0
Blog Posts
0
Blog Comments
Share: