4 Analysts On Texas Instruments' Q2 Print: 'Nearer Term, Results Were Better,' Q3 'Expected To Be Flat'
Portfolio Pulse from Priya Nigam
Texas Instruments Inc (NASDAQ:TXN) shares dropped after the company reported Q2 results. Analysts from Susquehanna, BMO Capital Markets, Oppenheimer, and KeyBanc Capital Markets provided their insights. While Q2 results were better due to strong auto chip sales, Q3 is expected to be flat. Analysts noted potential gross margin weakness and sluggish end-markets, except for auto. The company's shares declined by 5.30% to $176.21.
July 26, 2023 | 4:40 pm
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Texas Instruments reported better Q2 results, but Q3 is expected to be flat. The company's shares declined by 5.30% to $176.21.
The company's better Q2 results were overshadowed by the flat Q3 expectations and potential gross margin weakness. This led to a drop in the company's shares.
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IMPORTANCE 80
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