Texas Instruments (TXN) Reports Earnings Tomorrow: What To Expect
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Analog chip manufacturer Texas Instruments TXN will be reporting results this Wednesday after the bell. Here's what to expect. Texas Instruments beat analysts' revenue expectations last quarter, reporting revenues of $4.83 billion, up 18.6% year on year. It was a stunning quarter for the company, with a beat of analysts' EPS estimates and an impressive beat of analysts' operating income estimates. Is Texas Instruments a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Texas Instruments's revenue to grow 18.2% year on year, improving from the 16.4% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Texas Instruments has missed Wall Street's revenue estimates multiple times over the last two years. Looking at Texas Instruments's peers in the semiconductors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Micron delivered year-on-year revenue growth of 346%, beating analysts' expectations by 13.9%, and Penguin Solutions reported revenues up 47.6%, topping estimates by 17.5%. Penguin Solutions traded up 25.1% following the results. Read our full analysis of Micron's...
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