Texas Instruments (TXN) Tops Q2 EPS by 3c, Q3 EPS Guidance Tops views

(Updated - July 25, 2016 4:36 PM EDT)

Texas Instruments (NASDAQ: TXN) reported Q2 EPS of $0.76, $0.03 better than the analyst estimate of $0.73. Revenue for the quarter came in at $3.27 billion versus the consensus estimate of $3.2 billion.

Analog: (includes High Volume Analog & Logic, Power Management, High Performance Analog and Silicon Valley Analog)

• Revenue was about even as growth in High Performance Analog and Silicon Valley Analog was offset by declines in High Volume Analog & Logic and Power Management.
• Operating profit increased primarily due to higher gross profit, which benefited from lower manufacturing costs.

Embedded Processing: (includes Microcontrollers, Processors and Connectivity)

• Revenue increased in all three product lines, led by Processors.
• Operating profit increased primarily due to higher revenue and associated gross profit.

Other: (includes DLP® products, calculators, custom ASIC products and royalties)

• Revenue declined due to calculators, royalties and custom ASIC products, partially offset by an increase in DLP products.
• Operating profit increased $10 million.

GUIDANCE:

Texas Instruments sees Q3 EPS of $0.81-$0.91 vs the consensus of $0.81. Q3 revenue is seen at $3.34-3.62 billion, versus the consensus of $3.38 billion.

For earnings history and earnings-related data on Texas Instruments (TXN) click here.

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