Automotive, Industrial Continue to Drive TI's Sales Gains

Dylan McGrath, EETimes, Jul. 26, 2017 – 

SAN FRANCISCO - Texas Instruments Inc. reported a second consecutive quarter of double digit year-over-year sales gains as continued strength in the automotive and industrial chip sectors continue to propel its business.

TI (Dallas) reported sales of $3.69 billion and a profit of $1.06 billion for the quarter, increases of 13 percent and 29 percent, respectively compared to the second quarter of 2016. The company said it expects sales for the third quarter to grow to between $3.74 billion to $4.06 billion, beating consensus analysts' forecasts.

"Demand for our products continues to be strong in the automotive market and continues to strengthen in the industrial market," said Dave Pahl, vice president and head of investor relations at TI, in a conference call with analysts following the second quarter report.

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