Texas Instruments Inc. (TXN) announced after the close Monday that it now expects second quarter revenue of $2.99 billion to $3.11 billion, compared to its prior guidance of $2.93 billion to $3.17 billion. The company also narrowed its second quarter earnings outlook to a range of $0.39 to $0.43 per share from its earlier outlook range of $0.37 to $0.45 per share. The consensus estimates are for EPS of $0.42 and revenues of $3.06 billion.
Texas Instruments gapped open lower Tuesday and fell during the first hour of trade. Shares slipped further in the early afternoon and closed down by 1.36 at $35.26. The stock fell to over a month and a half low.
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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.