Texas Instruments Revenue Rises 28% as Data-Center Revenue Nearly Doubles

Texas Instruments posted $6.055 billion in third-quarter revenue, up 28% year over year, as data-center revenue nearly doubled and net income rose 78% at the U.S. chipmaker. The results, released Oct. 21, cover the three months through Sept. 30. Revenue gained 11% from the second quarter. Net income climbed to $2.425 billion from $1.364 billion in the year-earlier period. Diluted GAAP earnings per share (EPS) were $2.62, a 77% increase from a year earlier. Discrete tax items lowered EPS by one cent; the impact was outside the company’s original guidance.

Source: TokenPost