On July 30, Texas Instruments rose 3.33% in pre-market trading, trading at $280.35/share with turnover of $1.766 million, extending its rebound after profit-taking stabilized following its strong Q2 earnings report.

Texas Instruments reported Q2 results on July 22 after market close, delivering revenue of $5.46 billion, up 23% year-over-year, and EPS of $2.14, up 52% year-over-year — both significantly exceeding market expectations of $5.24 billion and $1.92 respectively. Gross margin expanded to 61.36%, while net income surged 53%. Management noted broad-based growth across end markets, with automotive business accelerating in Q2, and disclosed that product price increases have begun rolling out to customers.

Following the earnings release, multiple institutions raised their price targets: JPMorgan to $340, UBS to $380, Rosenblatt to $350, and KeyBanc to $390. The broader semiconductor sector is also trading higher, with Micron Technology up 3.73%, Advanced Micro Devices up 4.22%, Intel up 2.8%, and SK hynix up 3.19%, providing additional sector tailwinds.

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