Copyright Reuters
Shares of the company fell over 4% in extended trading. The stock is down about 3% this year, as investors remained cautious about the impact of tariffs and trade negotiations on its business. Sign up here. Successive U.S. administrations have worked to curtail China's access to U.S. chip technology, resulting in Beijing taking measures to boost domestic analog semiconductor production, casting a shadow over TI's ability to address a key market. With tariff discussions on the horizon, trade tensions between the U.S. and China- which usually makes up nearly 20% of TI's annual sales- have lingered. TI expects revenue between $4.22 billion and $4.58 billion for the fourth quarter, compared with estimates of $4.51 billion, according to data compiled by LSEG. It forecast per-share profit between $1.13 and $1.39 for the quarter, below estimates of $1.41 per share. "Data points in the automotive and industrial end markets remain very mixed, especially in light of tariffs and trade-disputes," said Tore Svanberg, managing director at Stifel. "While investors were expecting some moderate downside in the fourth-quarter outlook, the guidance was perhaps a tad weaker than expected." Still, the company reported third-quarter revenue of $4.74 billion above estimates of $4.64 billion in the light of improving end-market demand in the personal electronics industry. It reported earnings of $1.48 per share for the third quarter, coming in just shy of estimates of $1.49. The company has been investing heavily to expand production capacity as U.S. President Donald Trump pushes to onshore chip supply chains. Reporting by Arsheeya Bajwa; Editing by Maju Samuel
