Texas Instruments Inc. (TXN) reported that its first-quarter net income was $362 million or $0.32 per share, up from $265 million or $0.22 per share in the same quarter last year.
Earnings per share for the latest-quarter benefited from a discrete tax benefit of $65 million from the federal R&D tax credit, which was signed into law in January 2013.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.30 per share for the quarter. Analysts' estimates typically exclude special items.
Meanwhile, revenues for the quarter declined by 8 percent to $2.885 billion from $3.121 billion in the prior year quarter. Thirty six analysts had consensus revenue estimate of $2.85 billion for the quarter.
Looking ahead, for the second-quarter, the company expects earnings per share to be in the range of $0.37 - $0.45 per share, and revenue of $2.93 billion - $3.17 billion. Analysts expect the company to report earnings of $0.30 per share on revenues of $3.04 billion for the first-quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.