Pivotal-Point Tracking Texas Instruments (TXN): Chip Low Point Overcome - Q1 Revenue of $3.85 Billion Exceeds Expectations!
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The semiconductor specialist saw a surge on April 23rd, after the Q1 results signaled a long-awaited turnaround in the analog chip market. Texas Instruments achieved a revenue of $3.85 billion and an EPS of $1.32, beating analysts' expectations. The market reacted particularly positively to the statements regarding inventory correction among industrial customers, which has clearly reached its low point. For Q2, TI projected a revenue range of up to $4.1 billion, indicating an emerging recovery in global chip demand. As a world leader in analog...
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