By Emon Reiser
Texas Instruments reported double-digit growth in first-quarter sales and an unexpected boost to its earnings per share as the company saw growth across markets.
The Dallas-based chipmaker on Wednesday reported a profit of $1.18 billion, compared with $1.11 billion a year earlier.
On a per-share basis, earnings came in at $1.28 compared with $1.20 a year ago. Analysts had forecast $1.07, according to FactSet. Earnings per share included a 5-cent benefit that was not in the company's original guidance.
Revenue rose 11% to $4.07 billion, topping the $3.91 billion that analysts surveyed by FactSet were expecting. Texas Instruments reported $3.66 billion of revenue in the year-ago quarter.
"All of our markets grew sequentially with the exception of a seasonal decline in personal electronics," Chief Executive Haviv Ilan said in a release.
Sales across the company's analog unit grew 13% to $3.21 billion. For its embedded processing segment, sales fell 1% to $647 million. Other revenue increased 23% to $ 212 million.
Texas Instruments guided for second-quarter revenue of $4.17 billion to $4.35 billion, and earnings per share of $1.21 and $1.47 a share.
The stock rose 6.1% to $161.59 following the results in after-hours trading. Through the market's close the stock is down 19% this year.
Write to Emon Reiser at emon.reiser@wsj.com
(END) Dow Jones Newswires
April 23, 2025 16:48 ET (20:48 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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