Texas Instruments (TXN) issued an outlook that was well above Wall Street forecasts and reported better-than-expected first-quarter earnings, pushing shares higher in after-hours trading on Wednesday.
The semiconductor company expects second-quarter revenue of $4.17 billion to $4.53 billion and earnings per share of $1.21 to $1.47. Analysts on average had expected revenue of $4.14 billion and earnings per share of $1.24, according to Visible Alpha.
TI shares rose nearly 4% after the bell on Wednesday and more than 5% in after-hours trading. As of Wednesday’s close, the stock is down about 19% so far in 2025.
TI reported first-quarter revenue of $4.07 billion, up 11% year-over-year and above Visible Alpha analysts’ expectations. Net income of $1.18 billion, or $1.28 per share, compared with $1.10 billion, or $1.20 per share, in the same period last year, also topped Wall Street expectations.
The move comes after Citi analysts said earlier this month that analog chip companies such as Texas Instruments could outperform other types of semiconductor companies during an economic downturn.
