Texas Instruments Logs Higher 1Q Profit, Revenue

By Christopher Kuo

Texas Instruments recorded higher profit in the fiscal first quarter as revenue rose.

The semiconductor company on Wednesday posted a profit of $1.55 billion, or $1.68 a share, compared with $1.18 billion, or $1.28 a share, a year earlier.

Revenue rose 19% to $4.83 billion, driven by growth in industrial and data center revenues. Analysts surveyed by FactSet forecast revenue of $4.53 billion.

The company invested $3.9 billion in research and development and selling, general and administrative expenses in the past 12 months, Texas Instruments said. Texas Instruments also invested $4.1 billion in capital expenditures during that time

The company expects second-quarter revenue in the range of $5.00 billion to $5.40 billion and earnings per share between $1.77 and $2.05. Analysts polled by FactSet are expecting second-quarter revenue of $4.86 billion and earnings of $1.57 a share.

Write to Christopher Kuo at [e-mail]

(END) Dow Jones Newswires

04-22-26 1630ET