Texas Instruments (TXN) issued an outlook well above Wall Street’s projections and posted better-than-expected earnings for the first quarter, sending shares higher in extended trading Wednesday.
The semiconductor company projected second-quarter revenue of $4.17 billion to $4.53 billion and earnings per share of $1.21 to $1.47. Analysts on average had been looking for $4.14 billion and $1.24 per share, respectively, according to Visible Alpha.
Shares of Texas Instruments jumped over 5% in after-hours trading, after climbing close to 4% in Wednesday’s session. They were down about 19% for 2025 through Wednesday’s close.
Texas Instruments reported first-quarter revenue of $4.07 billion, up 11% year-over-year and above the analyst consensus from Visible Alpha. Net income of $1.18 billion, or $1.28 per share, compared to $1.1 billion, or $1.20 per share, a year earlier, also topping Street estimates.
The results come after Citi analysts suggested earlier this month that analog chip firms like Texas Instruments could be positioned to outperform other types of semiconductor companies during an economic downturn.
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