智通财经APP获悉，周二，美股三大股指收盘涨跌不一，企业财报推动道指创新高，贸易前景的不确定 性打压科技股和小盘股，纳指收跌，标普500勉强收平。 【美股】截至收盘，道指涨218.16点，涨幅为0.47%，报46924.74点；纳指跌36.88点，跌幅为0.16%，报 22953.67点；标普500指数涨0.22点，报6735.35点。苹果(AAPL.US)三连涨，盘中再创新高。谷歌 (GOOGL.US)收跌2.37%，特斯拉(TSLA.US)跌1.08%，英伟达(NVDA.US)跌0.81%，Meta(META.US)和 微软(MSFT.US)则至多涨0.17%，可口可乐(KO.US)涨4%，Meme股Beyond Meat(BYND.US)飙升146%， 三日累涨约600%。 【欧股】欧元区斯托克50指数收涨0.10%，报5686.83点，再创收盘历史新高；德国DAX 30指数收涨 0.29%，报24330.03点；法国CAC 40指数收涨0.64%，报8258.86点；英国富时100指数收涨0.25%，报 9426.99点。 【原油】WTI 11月原油期货收涨0.30美元，涨幅0.52%，报57.82美 ...

Core Insights - Texas Instruments (TXN) reported revenue of $4.74 billion for the quarter ended September 2025, reflecting a year-over-year increase of 14.2% [1] - Earnings per share (EPS) for the quarter was $1.48, slightly up from $1.47 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $4.65 billion by 2.06%, while the EPS also surpassed the consensus estimate of $1.47 by 0.68% [1] Revenue Breakdown - Revenue from Other segments was $304 million, below the average estimate of $319.55 million, with a year-over-year increase of 10.6% [4] - Revenue from Embedded Processing was $709 million, slightly below the estimated $717.85 million, representing an 8.6% increase year-over-year [4] - Revenue from Analog reached $3.73 billion, exceeding the average estimate of $3.6 billion, with a year-over-year change of 15.7% [4] Operating Profit Analysis - Operating profit for Embedded Processing was reported at $108 million, below the average estimate of $131.79 million [4] - Operating profit for Analog was $1.49 billion, slightly above the average estimate of $1.46 billion [4] Stock Performance - Texas Instruments' stock has remained unchanged over the past month, while the Zacks S&P 500 composite increased by 1.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Market Overview - Markets were mixed, with the Dow up +0.47% and the small-cap Russell 2000 down -0.49% [1] - Bond yields decreased slightly, with the 10-year at +3.96% and the 2-year at +3.46%, influenced by expectations of an interest rate cut [2] Q3 Earnings Summary - Netflix (NFLX) reported earnings of $5.87 per share, missing expectations of $6.89, despite being above last year's $5.40. Revenues were $11.51 billion, slightly below the estimate of $11.52 billion [4] - Texas Instruments (TXN) reported earnings of $1.48 per share, beating the consensus by a penny, with revenues of $4.74 billion, exceeding the anticipated $4.65 billion, but lowered guidance affected stock performance [6] - Mattel (MAT) reported earnings of 89 cents per share, missing the $1.05 consensus, with quarterly sales of $1.74 billion, below the expected $1.81 billion. Adjusted gross margins fell year over year [7] Future Earnings Expectations - Upcoming earnings reports include AT&T (T), GE Vernova (GEV) before the market opens, and Tesla (TSLA), IBM (IBM), and Southwest Airlines (LUV) after the close [8]

BREAKING: Futures Mixed; Tesla Earnings Miss Chipmaker Texas Instruments (TXN) late Tuesday narrowly missed Wall Street's earnings target for the third quarter and disappointed with its Q4 guidance. TI stock fell in extended trading. The Dallas-based company earned $1.48 a share on sales of $4.74 billion in the September quarter. Analysts polled by FactSet had expected Texas Instruments to earn $1.49 a share on sales of $4.65 billion. In the year- earlier period, TI earned $1.47 a share on sales of $4.15 bi ...

Financial Data and Key Metrics Changes - Revenue for the third quarter was $4.7 billion, representing a 7% sequential increase and a 14% year-over-year increase [4] - Gross profit was $2.7 billion, or 57% of revenue, with a sequential decrease of 50 basis points in gross profit margin [7] - Operating profit was $1.7 billion, or 35% of revenue, up 7% from the year-ago quarter [7] - Net income for the quarter was $1.4 billion, translating to $1.48 per share, which included a $0.10 reduction due to restructuring charges [7] - Cash flow from operations was $2.2 billion for the quarter and $6.9 billion on a trailing 12-month basis [8] - Free cash flow on a trailing 12-month basis was $2.4 billion, including $637 million from CHIPS Act incentives [8] Business Line Data and Key Metrics Changes - Analog revenue grew 16% year-over-year, while Embedded Processing grew 9% [4] - The industrial market increased about 25% year-over-year and low single digits sequentially [5] - The automotive market increased upper single digits year-over-year and around 10% sequentially [5] - Personal electronics grew low single digits year-over-year and upper single digits sequentially [5] - Enterprise systems grew about 35% year-over-year and about 20% sequentially [5] - Communications equipment grew about 45% year-over-year and was up about 10% sequentially [5] Market Data and Key Metrics Changes - Customer inventories remain at low levels, with inventory depletion appearing to be behind the company [4] - The overall semiconductor market recovery is continuing, albeit at a slower pace than prior upturns due to macroeconomic dynamics [4] Company Strategy and Development Direction - The company plans to focus on long-term value creation through disciplined capital allocation and strengthening competitive advantages [10] - The company is winding down its 150mm fabs, with a gradual reduction in costs expected through the first half of 2026 [19] - The company aims to continue investing in high-growth areas such as data centers, industrial, and automotive markets [48] Management's Comments on Operating Environment and Future Outlook - Management noted a moderate recovery in the semiconductor market, with hesitancy among customers regarding new investments due to uncertainty in regulations [63] - The company expects revenue for the fourth quarter to be in the range of $4.22 billion to $4.58 billion, with EPS guidance of $1.13 to $1.39 [9] - Management expressed confidence in their inventory position and customer service levels, indicating readiness for various market scenarios [30] Other Important Information - The company returned $6.6 billion to shareholders over the past 12 months, including $1.2 billion in dividends and $119 million in stock repurchases [8] - The balance sheet remains strong with $5.2 billion in cash and short-term investments [9] Q&A Session Summary Question: Can you talk about the linearity of bookings through the quarter? - Management indicated that the quarter came in as expected, contrasting with the previous quarter's volatility [12][13] Question: What is the path to improve cash margins given the current inventory levels? - Management expressed satisfaction with the current inventory position and indicated adjustments in loadings for the fourth quarter to maintain inventory levels [15][16] Question: Can you elaborate on the restructuring and its impact on expenses? - Management explained that the restructuring is related to winding down 150mm fabs and ongoing efficiency improvements, with benefits expected over time [19][21] Question: How are pricing trends and lead times looking? - Management noted no unusual pricing trends, expecting a low single-digit price reduction for the year, and lead times remain competitive [28][30] Question: What is the outlook for the data center market? - Management highlighted strong growth in the data center market, which is expected to continue, with significant investments being made [64][75]

Financial Data and Key Metrics Changes - Revenue for the third quarter was $4.7 billion, representing a 7% sequential increase and a 14% year-over-year increase [4] - Gross profit was $2.7 billion, or 57% of revenue, with a sequential decrease of 50 basis points in gross profit margin [7] - Operating profit was $1.7 billion, or 35% of revenue, up 7% from the year-ago quarter [7] - Net income was $1.4 billion, translating to $1.48 per share, which included a $0.10 reduction due to restructuring charges [7] - Cash flow from operations was $2.2 billion for the quarter and $6.9 billion on a trailing 12-month basis [8] - Free cash flow on a trailing 12-month basis was $2.4 billion, including $637 million from CHIPS Act incentives [8] - The company returned $6.6 billion to shareholders over the past 12 months [8] Business Line Data and Key Metrics Changes - Analog revenue grew 16% year-over-year, while Embedded Processing grew 9% [4] - The industrial market increased about 25% year-over-year and low single digits sequentially [5] - The automotive market increased upper single digits year-over-year and around 10% sequentially [5] - Personal electronics grew low single digits year-over-year and upper single digits sequentially [5] - Enterprise systems grew about 35% year-over-year and about 20% sequentially [5] - Communications equipment grew about 45% year-over-year and was up about 10% sequentially [5] Market Data and Key Metrics Changes - The overall semiconductor market recovery is ongoing but at a slower pace than previous upturns, influenced by macroeconomic dynamics [4] - Customer inventories remain low, and inventory depletion appears to be behind the company [4] Company Strategy and Development Direction - The company plans to focus on long-term value creation through disciplined capital allocation and strengthening competitive advantages [10] - The company is winding down its 150mm fabs, with a gradual reduction in costs expected through the first half of 2026 [19] - The company aims to grow free cash flow per share over the long term, with a focus on industrial, automotive, and data center markets [49] Management's Comments on Operating Environment and Future Outlook - Management noted a moderate recovery in the semiconductor market, with hesitancy among customers regarding new investments due to uncertainty in regulations [64] - The automotive market is recovering steadily, while the data center market is experiencing strong growth [64] - The company expects fourth-quarter revenue in the range of $4.22-$4.58 billion and EPS between $1.13 and $1.39 [9] Other Important Information - The company announced a 4% increase in dividends, marking the 22nd consecutive year of dividend increases [8] - The effective tax rate is expected to be about 13% for the fourth quarter and 13% to 14% in 2026 [9][10] Q&A Session Summary Question: Can you talk about the linearity of bookings through the quarter? - Management indicated that the quarter came in as expected, with no significant changes compared to Q2 [12][13] Question: What is the path to improve cash margins given the current inventory levels? - Management expressed satisfaction with the current inventory position and indicated adjustments in loadings for the fourth quarter to maintain inventory levels [15][16] Question: Can you elaborate on the restructuring and its impact on expenses? - Management explained that the restructuring is related to winding down 150mm fabs and ongoing efficiency improvements, with benefits expected over time [19][22] Question: How are pricing trends and lead times looking? - Management confirmed no unusual pricing trends, with expectations of low single-digit price declines for the year [29][30] Question: What is the outlook for the enterprise data and communications business? - Management noted strong growth in the data center market, which is expected to continue, and plans to break out data center as a separate market in future reports [76]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $4.7 billion, reflecting a 7% sequential increase and a 14% year-over-year increase [3] - Gross profit was $2.7 billion, representing 57% of revenue, with a sequential decrease of 50 basis points in gross profit margin [5] - Operating profit was $1.7 billion, or 35% of revenue, up 7% from the previous year [5] - Net income for the quarter was $1.4 billion, translating to $1.48 per share, which included a $0.10 reduction due to restructuring charges [5][6] - Cash flow from operations was $2.2 billion for the quarter and $6.9 billion on a trailing 12-month basis [6] Business Line Data and Key Metrics Changes - Analog revenue grew 16% year-over-year, while Embedded Processing revenue increased by 9% [3] - The industrial market saw a 25% year-over-year increase and low single-digit growth sequentially [4] - The automotive market increased upper single digits year-over-year and around 10% sequentially [4] - Personal electronics grew low single digits year-over-year and upper single digits sequentially [4] - Enterprise systems grew about 35% year-over-year and 20% sequentially [4] - Communications equipment grew approximately 45% year-over-year and about 10% sequentially [4] Market Data and Key Metrics Changes - Customer inventories remain low, and inventory depletion appears to be behind the company [3] - The overall semiconductor market recovery is ongoing but at a slower pace than previous upturns due to macroeconomic dynamics [3] Company Strategy and Development Direction - The company plans to focus on long-term value creation through disciplined capital allocation and strengthening competitive advantages [9] - The company is winding down its 150mm fabs, with expected cost reductions through the first half of 2026 [15] - The company aims to continue investing in manufacturing, technology, and a broad product portfolio to enhance its market position [9][35] Management's Comments on Operating Environment and Future Outlook - Management noted a moderate recovery in the semiconductor market, with hesitancy among customers regarding new investments due to uncertainty in regulations [44] - The automotive sector is recovering well, while the data center market is experiencing strong growth [46] - The company expects Q4 revenue to be in the range of $4.22 to $4.58 billion, with EPS guidance of $1.13 to $1.39 [8] Other Important Information - The company returned $6.6 billion to shareholders over the past 12 months, including $1.2 billion in dividends and $119 million in stock repurchases [7] - The company has a strong balance sheet with $5.2 billion in cash and short-term investments and total debt of $14 billion [8] Q&A Session Summary Question: Can you talk about the linearity of bookings through the quarter? - Management indicated that Q3 was more stable compared to Q2, with no significant changes in bookings throughout the quarter [11] Question: Can you discuss the restructuring and its impact on expenses? - The restructuring is related to winding down 150mm fabs and consolidating R&D sites, with expected cost reductions in the future [15][16] Question: What are the expectations for gross margins in Q4? - Management indicated that gross margins are expected to decline due to lower revenue and increased depreciation [25][31] Question: How is the company addressing inventory levels? - The company is pleased with its current inventory position and aims to maintain it while ensuring high customer service levels [13][50] Question: What is the outlook for the data center market? - The data center market is growing rapidly, with no signs of slowdown, and the company plans to provide more details in future calls [54][55]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $4.7 billion, reflecting a 7% sequential increase and a 14% year-over-year increase [4] - Gross profit was $2.7 billion, representing 57% of revenue, with a sequential decrease of 50 basis points [8] - Operating profit was $1.7 billion, or 35% of revenue, up 7% from the previous year [9] - Net income was $1.4 billion, translating to $1.48 per share, which included a $0.10 reduction due to restructuring charges [9][10] - Free cash flow for the trailing twelve months was $2.4 billion, with $6.6 billion returned to shareholders over the past year [11][12] Business Line Data and Key Metrics Changes - Analog revenue grew 16% year-over-year, while Embedded Processing revenue increased by 9% [4] - The Other segment saw an 11% year-over-year growth [4] - The industrial market increased by approximately 25% year-over-year and low single digits sequentially [6] - The automotive market grew upper single digits year-over-year and around 10% sequentially [6] - Personal electronics grew low single digits year-over-year and upper single digits sequentially [6] - Enterprise Systems revenue increased about 35% year-over-year and 20% sequentially [6] - Communications Equipment grew about 45% year-over-year and 10% sequentially [6] Market Data and Key Metrics Changes - The overall semiconductor market recovery is ongoing but at a slower pace than previous upturns, influenced by macroeconomic dynamics [5] - Customer inventories remain low, and inventory depletion appears to be behind the company [5] Company Strategy and Development Direction - The company is focused on long-term value creation through disciplined capital allocation and strengthening competitive advantages in manufacturing and technology [14] - The company plans to continue investing in its broad product portfolio and diverse market positions [14] - The company is winding down its six-inch fabs, which is expected to gradually reduce costs through 2026 [26] Management's Comments on Operating Environment and Future Outlook - Management noted a moderate recovery in the semiconductor market, with hesitancy among customers regarding new investments due to uncertainty in regulations and tariffs [80] - The automotive market is recovering, while the data center market is experiencing strong growth, with investments increasing [82] - The company expects Q4 revenue to be in the range of $4.22 billion to $4.58 billion, with earnings per share between $1.13 and $1.39 [13] Other Important Information - The company announced a 4% increase in dividends, marking the 22nd consecutive year of dividend increases [11] - The effective tax rate is expected to be around 13% for Q4 and 2026 [13] Q&A Session Summary Question: Can you talk about the linearity of bookings through the quarter? - Management indicated that the quarter followed expected patterns, with no significant deviations compared to Q2 [16][17] Question: What about loadings assumed in Q4? - Management confirmed that loadings would be adjusted down in Q4 to manage inventory levels effectively [21][22] Question: Can you elaborate on the restructuring and its impact on expenses? - The restructuring is related to winding down certain fabs and is expected to yield cost reductions over time [25][28] Question: How is the pricing environment? - Management expects a low single-digit price reduction for the year, consistent with previous trends [36] Question: What is the outlook for China? - Management noted that China returned to normal conditions in Q3, with expectations for continued stability into Q4 [68][70] Question: What is the expected CapEx for next year? - Management indicated that CapEx is likely to be at the lower end of the previously outlined range due to the moderate recovery [72][74] Question: Can you discuss the strong performance in communications equipment? - Management explained that the growth in communications equipment is tied to data center investments and will be further detailed in future reports [95]

Hi Christina. >> Hi. So this is an analog chip company and we are seeing a mixed report.EPS of a$148. So that's a penny light of what the street anticipated. Revenues was a beat $4.74% billion.Uh that was 7% sequential growth. The company in their press release saying they're seeing growth across all markets. So that would include auto.But you're seeing shares down almost 5%. Why guidance. Q4 EPS guidance uh came in light.Huge range $1.13% to $149. So really, you know, hedging all bets over there. Big range ...

Core Insights - The company reported an EPS of $1.48, which was slightly below market expectations by one cent [1] - Revenue for the quarter was $4.74 billion, representing a 7% sequential growth and beating analyst estimates [1] - Despite the positive revenue growth, shares fell nearly 5% due to weaker Q4 EPS guidance [1] Revenue and Guidance - Q4 EPS guidance was provided in a wide range of $1.13 to $1.49, which was less than expected by analysts [2] - The revenue guidance for Q4 was also mostly below analyst expectations, contributing to the negative market reaction [2]