CNBC23.04.2026Business
Texas Instruments posts best day since 2000 after beating Q1 estimates, AI chip demand surges
Shares soar 18% to record high as company reports 19% revenue growth, gives upbeat Q2 guidance
L'essentiel
- Texas Instruments reported Q1 revenue of $4.83 billion, up 19% year-over-year and beating analyst estimates of $4.53 billion.
- EPS of $1.68 also topped expectations of $1.27.
- The chipmaker gave Q2 guidance of $5.0-5.4 billion in revenue, representing 17% growth at the midpoint.
Résumé généré par IA
Taille de police
Texas Instruments reported Q1 revenue of $4.83 billion, up 19% year-over-year and beating analyst estimates of $4.53 billion. EPS of $1.68 also topped expectations of $1.27. The chipmaker gave Q2 guidance of $5.0-5.4 billion in revenue, representing 17% growth at the midpoint. CEO Haviv Ilan said data center segment revenue surged 90% from a year ago as hyperscalers like Meta and Amazon build AI infrastructure. Shares rose 18% on Thursday, the company's best trading day since 2000, and are up about 60% for the year.
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This article was originally published by CNBC.
