Texas Instruments Q2 Revenue Reaches $5.46 Billion, Up 23% Year-over-Year

iconChainthink
Share
AI summary iconSummary
On-chain data shows that Texas Instruments reported Q2 revenue of $5.46 billion on July 23, up 23% year-over-year. The company earned a net profit of $1.98 billion, surpassing last year’s results. Texas Instruments forecasts Q3 revenue between $5.65 billion and $6.15 billion, exceeding Wall Street estimates. On-chain analysis indicates growing demand for analog chips driven by AI infrastructure spending and a recovery in the industrial and automotive markets.

ChainThink reports that on July 23, Texas Instruments reported second-quarter revenue of $5.46 billion, a 23% year-over-year increase; net profit reached $1.98 billion, higher than the same period last year.

The company expects third-quarter revenue to be between $5.65 billion and $6.15 billion, above Wall Street expectations. Texas Instruments stated that demand for analog chips has been driven by investments in AI infrastructure and the recovery of the industrial and automotive markets.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.