Texas Instruments reported $5.46 billion in second-quarter revenue, up 23% from a year earlier, while net income reached $1.98 billion and came in above the level recorded in the same period last year. The company also guided third-quarter revenue to a range of $5.65 billion to $6.15 billion, topping Wall Street expectations. According to the company, demand for analog chips was supported by investment tied to AI infrastructure, along with a recovery in the industrial and automotive markets. The latest figures point to stronger momentum in end-market demand than analysts had expected heading into the quarter.
According to BlockBeats on July 23, Texas Instruments reported second-quarter revenue of $5.46 billion, up 23% from a year earlier. Net income was $1.98 billion, higher than in the same period last year.
The company said third-quarter revenue is expected to range from $5.65 billion to $6.15 billion, above Wall Street estimates. Texas Instruments attributed the outlook to demand for analog chips driven by investment in AI infrastructure and a recovery in the industrial and automotive markets.
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