The company is seen as a bellwether for semiconductor demand, as its products are used across industries ranging from automotive to industrial and consumer electronics including smartphones.
Texas Instruments said on Tuesday it expects revenue with a midpoint of $3.8 billion for the second quarter, compared with LSEG estimates of $3.77 billion. "Looking ahead, we anticipate Texas Instruments to drive a continued recovery profile into the 2H of the year and into 2025" said J.P. Morgan analysts in a note.