Texas Instruments Q2 revenue beats, helped by data center demand

Overview

• Semiconductor maker's Q2 revenue rose 23% yr/yr, beating analyst expectations

• Q2 adjusted EPS rose 52% yr/yr; included 5-cent benefit not in original guidance

• Company says growth driven by industrial, data center and automotive demand

Outlook

• Texas Instruments sees third-quarter revenue between $5.65 bln and $6.15 bln

• Company expects third-quarter EPS between $2.23 and $2.57

Result Drivers

• INDUSTRIAL, DATA CENTER AND AUTOMOTIVE DEMAND - Co said Q2 revenue growth was led by broad gains in industrial, data center and automotive markets

• ANALOG AND EMBEDDED PROCESSING SEGMENTS - Analog revenue rose 26% and Embedded Processing revenue rose 16% yr/yr, contributing to overall growth

Company press release: ID:nPn4sxPwSa

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)