What to Expect From Texas Instruments’ Q1 Earnings?
<p>Analysts at Oppenheimer provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/TXN'>Texas Instruments Incorporated (NASDAQ:TXN) </a>ahead of the company’s Q1 earnings, expected to be reported on April 26.</p>
<p>The analysts expect a modest upside to the consensus Q1 revenue/EPS estimates of $4.7 billion/$2.17 and Q2 estimates of $4.9 billion/$2.26.</p>
<p>While the near-term set-up is positive, investors remain focused on signs of macro/cycle slowdown, with Oppenheimer’s channel checks suggesting softening PC/smartphone/TV. </p>
<p>The company has noted more selective "matched-sets" customer orders since Q3. The analysts attribute this trend partially to increased customer inventories of non-bottleneck raw/WIP. Despite unit softness, the analysts believe favorable ASP trends should support growth in 2022. The analysts said they like the company’s long-term position in auto/industrial and reiterated their Outperform rating and $220 price target.</p>

NASDAQ:TXN