DJ Texas Instruments Stock Slides on Mixed Outlook -- Barrons.com
4:14 PM ET 7/22/25 | Dow Jones
By Tae Kim
Texas Instruments provided a disappointing earnings forecast for the September quarter. Its shares fell in after-hours trading.
For the June quarter, the semiconductor company reported earnings per share of $1.41, compared to Wall Street's consensus estimate of $1.36, according to FactSet. Revenue came in at $4.45 billion, which was ahead of analysts' expectations for $4.36 billion.
But Texas Instruments forecast earnings per share for the current quarter of $1.36 to $1.60, which, at the midpoint, is below Wall Street's consensus of $1.51.
Texas Instrument shares fell more than 7% in after-hours trading following the release.
This is breaking news. Check back for more analysis soon.
Texas Instruments will report its earnings after the close on Tuesday. It is the first major semiconductor company to report in this June-quarter earnings season.
The analyst consensus is for Texas Instruments to report revenue of $4.36 billion, with adjusted earnings per share of $1.36. Analysts' estimates for the current quarter's revenue is $4.58 billion.
On Sunday, KeyBanc analyst John Vinh reiterated his Overweight rating for the stock and reaffirmed his $240 target price.
"We expect TXN to post higher results and slightly higher guidance, with [near-term] upside from pull-ins and the cycle recovery," he wrote. "China demand appears to remain better than other regions in key areas such as autos."
China represents about 19% of overall sales for the chip maker, according to FactSet.
Texas Instruments stock is up 16% this year, in line with the 16% gain for the iShares Semiconductor exchange-traded fund.
The chip maker sells the basic building-block chips that go into products in nearly every sector of the economy, from autos and industrials to consumer electronics. Because of the broad-based nature of the company's more than 100,000 customers, investors consider the company to be a bellwether for the technology industry and the economy.
Write to Tae Kim at tae.kim@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. |
