Texas Instruments rises on upbeat quarterly forecast

Shares of chipmaker Texas Instruments TXN.O rise 3.5% to $157.50 in premarket trading

TXN expects revenue between $4.17 bln and $4.53 bln for Q2, compared with analysts' average estimate of $4.10 bln - LSEG

Co expects EPS for Q2 between $1.21 and $1.47, also above LSEG estimates

"We expect TXN would be early into the upward revision cycle, as it was first in the large cap analog company to enter the inventory correction, and expect it to report upside surprises through 2025 and into 2026," Evercore ISI analysts said

Up to last close, stock had fallen 18.9% YTD