Texas Instruments reported revenue of $5.46 billion in the second quarter, a 23% year-over-year growth.

BlockBeats News, July 23rd, Texas Instruments reported a second-quarter revenue of $54.6 billion, a 23% year-over-year increase, with a net profit of $19.8 billion, surpassing the same period last year.

The company forecasts third-quarter revenue to be between $56.5 billion and $61.5 billion, exceeding Wall Street expectations, driven by AI infrastructure investment and the recovery of the industrial and automotive markets boosting the demand for analog chips.