Overview
- Q3 revenue rose to $4.74 billion, topping estimates, while EPS of $1.48 narrowly missed consensus as elevated capex and an $85 million restructuring charge pressured margins.
- TI guided Q4 revenue to $4.22 billion–$4.58 billion and EPS to $1.13–$1.39, with midpoints of about $4.4 billion and $1.26 that trailed Wall Street forecasts.
- Shares fell roughly 8% in premarket and Wednesday trading after the downbeat outlook pointed to a more gradual recovery in the analog market.
- Brokerages cut price targets following the update, including Goldman Sachs to $200, JPMorgan to $210, TD Cowen to $200, Wells Fargo to $170, and Cantor Fitzgerald to $170.
- Management cited customer hesitancy tied to trade and tariff uncertainty and emphasized long‑term U.S. manufacturing investments exceeding $60 billion alongside strong trailing cash generation and shareholder returns.