Texas Instruments beats Q1 targets but forecasts downbeat Q2.
TL;DR Summary
Texas Instruments reported Q1 GAAP EPS of $1.85, beating estimates by $0.07, and revenue of $4.38B, beating estimates by $10M. Revenue decreased 6% sequentially and 11% YoY, except for the automotive sector. The company's Q2 outlook is for revenue in the range of $4.17B to $4.53B and EPS between $1.62 and $1.88. TI expects its 2023 effective tax rate to be about 13% to 14%.
- Texas Instruments GAAP EPS of $1.85 beats by $0.07, revenue of $4.38B beats by $10M (NASDAQ:TXN) Seeking Alpha
- TXN Stock: Texas Instruments Tops Q1 Targets | Investor's Business Daily Investor's Business Daily
- TI forecasts downbeat second quarter on growing demand weakness Reuters
- Texas Instruments Guidance Falls Short. Barron's
- Texas Instruments stock boosted by more end-market visibility as outlook comes in light MarketWatch
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