The company said it now expected to earn between 46 cents and 48 cents in its June-ending quarter, higher than the 38 cent-to-43 cent range it had predicted earlier.
The company also bumped up its revenue forecast to between $3.63bn and $3.78bn, from its April prediction of $3.46m to $3.75bn.
Most of the profit increase will be due to a favorable tax break and a $70m lawsuit settlement from Conexant Systems Inc, said TI.
The Dallas, Texas-based company said it did not expect a slowdown in demand, and said its orders in May were stronger than in April.
