Texas Instruments forecast fourth-quarter revenue below analysts' estimates on Tuesday as the analog chipmaker navigates a buildup in markets such as automotive that has forced customers to hold back on orders.
Texas Instruments Incorporated TXN will release earnings results for its third quarter after the closing bell on Tuesday, Oct. 22.
Texas Instruments (NYSE: TXN) is set to announce its third-quarter earnings results today, October 22, 2024. Investors are keenly awaiting the report to gauge how the semiconductor giant is navigating current market challenges and opportunities.
TXN's overall Q3 performance is likely to have benefited from growth in communication equipment and personal electronics end markets.
Texas Instruments is poised to report its Q3 results in the coming weeks. We expect the company's revenues for the quarter to decline by about 10% year-over-year to $4.14 billion, coming in slightly ahead of estimates, while earnings are likely to come in at $1.38 per share, roughly in line with estimates.
Get a deeper insight into the potential performance of Texas Instruments (TXN) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
I maintain a Hold rating for Texas Instruments due to its current overvaluation despite anticipated strong financial growth in 2025. Q3 is expected to be weak, driven by declines in the Analog and Embedded Processing segments, but the Personal Electronics and Communication Equipment segments show strength. TI's high inventory levels and manufacturing expansion pose risks of overcapacity, though they help to mitigate supply chain disruptions.
Texas Instruments (TXN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Texas Instruments (TXN) closed at $208.66 in the latest trading session, marking a +1.73% move from the prior day.
Zacks.com users have recently been watching Texas Instruments (TXN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Texas Instruments (TXN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Texas Instruments (TXN) closed at $202.21 in the latest trading session, marking a +0.47% move from the prior day.