April 23 (Reuters) - Chipmaker Texas Instruments forecast second-quarter revenue above Wall Street estimates on Tuesday, as consumer electronics demand improved after months of declines, more than offsetting the impact from chip inventory corrections in the automotive market.

The Dallas, Texas-based company expects revenue with a midpoint of $3.8 billion for the quarter, compared with analysts' average estimate of $3.77 billion, according to LSEG data.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Shilpi Majumdar)