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Today: January 15, 2025
Today: January 15, 2025

Analog chipmaker Texas Instruments forecasts quarterly revenue below estimates

A Texas Instruments Office is shown in San Diego, California
April 26, 2024
Reuters - Reuters

(Reuters) - Texas Instruments forecast quarterly revenue below market estimates on Tuesday, as chip inventory builds up in its key markets with initial signs of weakness in the automotive sector.

The analog chipmaker forecast first-quarter revenue between $3.45 billion and $3.75 billion, compared with analysts' average estimates of $4.06 billion, according to LSEG data.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Krishna Chandra Eluri)

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