TI has narrowed its expected revenue range for the third quarter to between $2.39 billion and $2.49 billion, compared to the prior range of $2.29 billion to $2.49 billion.

Semiconductor revenue is expected to be between $1.99 billion to $2.07 billion, compared with the prior range of $1.89 billion to $2.05 billion. Sensor and controls revenue are expected to be between $235 million and $245 million, compared with the prior range of $230 million to $250 million.

TI's educational and productivity solutions revenue is expected to be between $165 million and $175 million, compared with the prior range of $170 million to $190 million.

TI expects earnings per share between $0.20 and $0.22, including a $0.13 per share contribution from the company's previously announced sale of 24.7 million shares of Micron Technology Inc. common stock, compared with the previous range of $0.19 to $0.23.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved