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Texas Instruments (TXN), which posted earnings that were better than expected for the first quarter and surpassed Wall Street’s expectations, sent shares higher in extended trade Wednesday.
The semiconductor company forecast second-quarter revenue between $4.17 billion and $4.53 billion, with earnings per share between $1.21 and $1.47. Visible Alpha reports that Visible Alpha analysts had expected an average of $4.14 billion in revenue and $1.24 per shares.
Shares of Texas Instruments jumped over 5% in after-hours trading, after climbing close to 4% in Wednesday's session. By Wednesday’s close, they were down nearly 19% in 2025.
Visible Alpha reported that Texas Instruments’ first-quarter revenue was $4.07 billion. This is an increase of 11% over the previous year and well above the analyst consensus. Net income was $1.18 billion or 1.28 per share compared to $1.1billion or $1.20 a share a year ago, which also exceeded Street estimates.
The results are a response to Citi analysts who suggested earlier in the month that analog semiconductor firms such as Texas Instruments may be better positioned during a downturn than other types.
