Texas Instruments IncorporatedTexas Instruments beat revenue estimates but shares fell 8.4% as investor expectations were higher, reflecting a valuation adjustment.
Analog semiconductor stocks delivered a strong second quarter, with the 14 companies tracked beating revenue consensus by 1.8% and guiding next quarter 4.9% above expectations. Texas Instruments reported revenue of $5.46 billion, up 22.8% year over year and 3.8% above estimates, yet its stock fell 8.4% to $269.50 as investor expectations ran higher. Monolithic Power Systems was the quarter's standout, with revenue of $980.6 million, up 47.6% year over year and 8.6% above estimates, though its shares traded sideways at $1,312. Himax posted the slowest growth at 5.9% to $227.4 million, while Microchip Technology and Skyworks Solutions also beat revenue expectations.
Texas Instruments IncorporatedTexas Instruments beat revenue estimates but shares fell 8.4% as investor expectations were higher, reflecting a valuation adjustment.
Monolithic Power Systems IncMonolithic Power Systems reported strong revenue growth and beat estimates, but shares traded sideways, reflecting mixed investor reaction.
Microchip Technology IncMicrochip Technology beat revenue expectations in Q2, indicating strong demand for its analog products.
Skyworks Solutions IncSkyworks Solutions beat revenue expectations, indicating solid demand for its products.
Himax Technologies Inc