Texas Instruments CEO Sees No Slowdown in Data Center Demand: 'Actually Growing Demand'

What happened: Texas Instruments reported third-quarter earnings that beat estimates and issued fourth-quarter guidance above consensus. CEO Gadi Katz said the company sees no slowdown in data center spending, but "actually growing demand." Key numbers: Q3 earnings $2.62 per share vs $2.41 estimate. Revenue $6.06 billion vs $5.92 billion consensus, up from $4.74 billion a year earlier. Why it matters: Management expects Industrial, Automotive and Data Center demand to support fourth-quarter sales, and the company is expanding manufacturing capacity at Sherman, Lehi and Malaysia to meet it. Market: +1.1% today ($47.36), -36.9% YTD, 1.7x vol — as of 07:45 UTC

Texas Instruments reported third-quarter earnings that beat estimates and issued fourth-quarter guidance above consensus. CEO Gadi Katz said the company sees no slowdown in data center spending, but "actually growing demand."

Management expects Industrial, Automotive and Data Center demand to support fourth-quarter sales, and the company is expanding manufacturing capacity at Sherman, Lehi and Malaysia to meet it. Market: +1.1% today ($47.36), -36.9% YTD, 1.7x vol — as of 07:45 UTC