"We were thinking that we were sitting on a sharp slope. I think time taught us that it's not... We are seeing the market getting back towards trend line, but still below trend line. And that's one of the more moderate recoveries that we've seen in history. I think you have to go back many years to see similar behavior. Could still change,"
"We are well positioned with capacity and inventory and have flexibility to support a range of scenarios,"
"We are seeing two dynamics at play. And one of them is the cyclical recovery, I think we talked through it in the second quarter call,"
Texas Instruments reported calendar Q3 revenue of $4.74 billion, up 14 percent year-on-year, and operating profit of $1.66 billion, modestly above prior-year levels. The stock fell about 9 percent after the company missed analyst expectations and warned of a sluggish sector turnaround. Customers' inventory depletion appears to be behind them, and order activity is starting to resume. The company states it has capacity, inventory and flexibility to support multiple scenarios. Trade tensions and shifting US tariffs created a hectic business environment and contributed to economic uncertainty, slowing investment and delaying corporate purchasing decisions.
Read at Theregister
Unable to calculate read time
Collection
[
|
...
]