Texas Instruments (TXN) Q2 EPS and Revenue Beat, Offers Q3 Guidance

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Go back to Texas Instruments (TXN) Q2 EPS and Revenue Beat, Offers Q3 Guidance

TI reports second quarter 2020 financial results and shareholder returns

July 21, 2020 4:01 PM EDT

DALLAS, July 21, 2020 /PRNewswire/ -- Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported second quarter revenue of $3.24 billion, net income of $1.38 billion and earnings per share of $1.48. Earnings per share include a 33-cent benefit for items that were not in the company's original guidance.

Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman, president and CEO, made the following comments:

"Revenue decreased 12% from the same quarter a year ago, driven primarily by weakness in the automotive market. "In our core businesses, Analog... More