Total revenues were $2.9bn for the first quarter, up 33.9% on the year. Operating income grew 209.8% to $474m, while net income was $367m, up 213.7%. This resulted in earnings per share of $0.21. Semiconductor revenue was $2.6bn in the first quarter, up 38% on the year.
For the second quarter, it expects revenue of $3.09bn to $3.33bn, with earnings per share of $0.23 to $0.26. Semiconductor revenue in the second quarter should be $2.65bn to $2.85bn.
TI saw growth across its businesses, said it saw strong demand across its semiconductor lines, particularly DSPs and analog for wireless, and high-performance analog.
This article is based on material originally published by ComputerWire
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