Thursday July 22, 2021
Cautious outlook
Texas Instruments exceeds expectations
The past quarter has been better than expected for Texas Instruments, but investors are still dropping the stock. Dre reason: The current sales forecast of the Chip Group offers little cause for euphoria.
The US chip company Texas Instruments did better than expected in the second quarter. Sales climbed by 7 percent on a quarterly basis and by 41 percent within the year – driven by strong demand from the industrial, automotive and consumer electronics sectors. The proceeds increased to $ 4.58 billion. The Infineon rival exceeded its own forecast of 4.13 to 4.47 billion dollars.
In the current third quarter, Texas Instruments also considers a decline in sales compared to the second quarter of the year to be possible. Proceeds are expected at 4.40 to 4.76 billion US dollars (3.73 to 4.03 billion euros), the company announced on Wednesday after the US market closed. Analysts had previously forecast an average of $ 4.59 billion for the third quarter.
The bottom line was a profit of $ 1.93 billion in the second quarter, an increase of 40 percent. The share came under pressure after the trading hours and lost over three percent. Texas Instruments is the first major US chip manufacturer to publish quarterly results. The company mainly produces for the industrial and automotive sectors. The company also supplies chips that control everyday devices such as televisions and washing machines, but also medical devices.
.