Texas Instruments Shares Drop 4% on Disappointing Guidance 
<p><a href='https://financialmodelingprep.com/financial-summary/TXN'>Texas Instruments (NASDAQ:TXN)</a> reported its Q2 results, which led to more than a 4% drop in its share price during pre-market trading today.</p>
<p>The Q2 earnings showed better-than-expected performance with an EPS of $1.87 and revenue of $4.53 billion. Despite the positive earnings report, the revenue was still down by 13% year-over-year. The consensus estimates were surpassed, with analysts expecting an EPS of $1.76 and revenue of $4.37 billion.</p>
<p>However, the reason for the share price decline is due to the company's Q3 guidance missing expectations. Texas Instruments provided a less optimistic outlook for the upcoming quarter. The CEO, Haviv Ilan, mentioned that there was weakness across most end markets except for the automotive sector.</p>
<p>The Q3/23 guidance for Texas Instruments includes an EPS range of $1.68 to $1.92, which is below the Street estimate of $1.91. Additionally, the revenue guidance for Q3 is expected to be in the range of $4.36 billion to $4.74 billion, falling short of the Street estimate of $4.6 billion.</p>

NASDAQ:TXN