/Texas%20Instruments%20Inc_%20Santa%20Clara%2CCA%20campus-by%20Tada%20Images%20via%20Shutterstock.jpg)
Texas Instruments Incorporated (TXN), headquartered in Dallas, Texas, is a global semiconductor company that designs, manufactures, tests, and sells analog and embedded processing chips for industrial, automotive, personal electronics, communications equipment, and enterprise systems. Valued at $182.24 billion by market cap, TXN has manufacturing and design facilities, including wafer fabrication and assembly/test operations in North America, Asia, and Europe. The world’s largest analog chipmaker is expected to announce its fiscal second-quarter earnings for 2024 on Tuesday, July 23.
Ahead of the event, analysts expect TXN to report a profit of $1.16 per share on a diluted basis, down 38% from $1.87 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing on one other occasion. TXN’s management said that the company experienced some weakness across its end markets, with the exception of automotive in the previous quarter.
