Texas Instruments: Q2 earnings up 20%

(CercleFinance.com) - On Tuesday evening Texas Instruments reported a 19% increase in net income to 2.
29 billion dollars for Q2 2022, or $2.45 per share (+20%), as well as a 23% increase in operating profit to 2.72 billion dollars.

The Dallas-based electronics group's revenues, supported by all its markets, rose 14% to 5.21 billion dollars, which it says reflected the quality of its product portfolio, as well as the effectiveness of its manufacturing strategy.

Regarding its outlook for the current quarter, Texas Instruments said it expects EPS of $2.23 to $2.51, with revenue of 4.90 to 5.30 billion dollars.



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