Texas Instruments Automotive Chips Strength Balances Weak Industrial Demand

Texas Instruments, the largest manufacturer of analog and embedded processors in America, reported better than expected fourth quarter results and also provided Q1 guidance that met analyst estimates but at the same time demand remains under pressure with customers working to reduce their inventory levels. The softer weaker quarter-over-quarter growth reflecting slowing demand spreading from personal electronics which was 24% of IT’s 2021 revenue to a more significant industrial markets which had 41% of revenue.  The automotive industry continues to … Continue reading “Texas Instruments Automotive Chips Strength Balances Weak Industrial Demand”

Chip Equipment Maker Applied Materials Raises Guidance, Delivers Record Revenue

Chip equipment supplier Applied Materials reported better than expected fiscal fourth quarter profit and revenue after the market close Thursday. AMAT reported Record quarterly revenue of $6.75 billion, up 10 percent year over year. The company raised its Guidance sending the stock up 4% in the after-hours market. Record revenue in semi systems and AGS with strong orders and growing backlog. Applied Materials Q4 22 Earnings: Applied Materials reported fiscal fourth-quarter net income of $1.59 billion, or $1.85 a share, on sales of … Continue reading “Chip Equipment Maker Applied Materials Raises Guidance, Delivers Record Revenue”

Texas Instruments Lowers Guidance on Retailers Bloated Inventories

Texas Instruments, the largest manufacturer of analog and embedded processors in America, traded over 5% lower despite reporting better than expected third quarter results beating by $0.06, and on revenues. TXN offered a weak outlook for the fourth quarter, guiding Q4 EPS below consensus and revenues below consensus. The softer weaker quarter-over-quarter growth reflects the slowing demand spreading from personal electronics which was 24% of IT’s 2021 revenue to a more significant industrial markets which had 41% of revenue.   Texas … Continue reading “Texas Instruments Lowers Guidance on Retailers Bloated Inventories”

Applied Materials Profits Beat Expectations, Raises Guidance

Chip equipment supplier Applied Materials $AMAT reported better than expected fiscal third-quarter profit and revenue after the market close Thursday. The stock raised its Guidance sending the stock up 4% in the after-hours market. Record revenue in semi systems and AGS with strong orders and growing backlog. Earnings AMAT fiscal third-quarter profit and revenue adjusted earnings was $1.94 a share on sales of $6.52 billion. Wall Street had expected earnings of $1.78 a share on sales of $6.27 billion, according to FactSet. On … Continue reading “Applied Materials Profits Beat Expectations, Raises Guidance”

Texas Instruments A Victim Of It’s Own Success as Demand Strains Manufacturing Capacity

Texas Instruments, the largest manufacturer of analog and embedded processors in America, traded sharply lower despite reporting better than expected 1Q21 results and 2Q21 guidance after the close Tuesday. Concern is over inventory levels becoming more depleted and its lead-times for some products extending.

Texas Instruments Earnings Boost From Rebound of Automotive and Personal Electronics Demand

Texas Instruments reported better than expected quarter earnings Tuesday and guided higher for the second quarter. $TXN’s earnings report ahead of other chipmakers Advanced Micro Devices $AMD, Qualcomm $QCOM and Intel $INTC.