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Texas Instruments beats quarterly revenue estimates on strong chip demand

Reuters2022-01-26

Jan 25 (Reuters) - Texas Instruments Inc forecast current-quarter revenue above Wall Street estimates on Tuesday, betting on strong demand for its chips used in cars, smartphones and laptops, sending its shares up 3.5% in extended trading.

As demand for electronics including smartphones and consumer gadgets has risen faster than expected during the pandemic, semiconductor makers have doubled down on production, even as COVID-19 has hampered general operations and logistics.

Texas Instruments analog and embedded processing chips are used in a range of products that cater to a broad market, lowering the risk from dependence on a single customer segment.

The company said it expects first-quarter revenue between $4.5 billion and $4.9 billion. Analysts on average estimate revenue of $4.37 billion, according to IBES data from Refinitiv.

Texas Instruments fourth-quarter revenue rose 19% to $4.83 billion, topping analysts' expectations of $4.43 billion, driven by strong demand in industrial and automotive markets.

Net income rose to $2.14 billion, or $2.27 per share, during the quarter ended Dec. 31, compared with $1.69 billion, or $1.80 per share, a year earlier.

Earlier this month, Taiwanese chip firm TSMC forecast multi-year growth on booming semiconductor demand and said it expects to lift capital spending to between $40 billion and $44 billion this year, compared with $30 billion it spent last year.

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Comment28

  • Jess261
    ·2022-01-27
    Oh
    Reply
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  • BKT
    ·2022-01-26
    Good. Pls like thanks.
    Reply
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  • Bspn
    ·2022-01-26
    Ok
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  • Gneiss
    ·2022-01-26
    [Smile] 
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  • Bonnie J Pham
    ·2022-01-26
    👍
    Reply
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  • TaiWoeiHaur
    ·2022-01-26
    Good morning 
    Reply
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  • SanWangtikup
    ·2022-01-26
    [Miser] 
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  • Jess261
    ·2022-01-26
    Okay
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  • KLCC
    ·2022-01-26
    Will semicon continue to grow in 2022? 🤔
    Reply
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  • ZenInv
    ·2022-01-26
    It is the age of semiconductors!
    Reply
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  • KYLeong
    ·2022-01-26
    Chip demand is still strong, but stock price performance may say otherwise [Facepalm] 
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  • 7united
    ·2022-01-26
    Hi
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  • MHh
    ·2022-01-26
    Good range of chips usage
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  • lanangqupu
    ·2022-01-26
    Yes
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  • 股惑仔79
    ·2022-01-26
    [What] 
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  • poohboar
    ·2022-01-26
    Slow 🐢 and steady win the race
    Reply
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  • aibee
    ·2022-01-26
    [Like] 
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  • Ah Deck
    ·2022-01-26
    Very old company pls like 
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  • stkwok
    ·2022-01-26
    Like 
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