Texas Instruments jumps as strong chip demand power bright Q2 outlook (April 23)

Texas Instruments TXN.O shares rise 12% to $265.31 before the bell

Firm forecast quarterly revenue and profit above Wall Street estimates on strong data center chip demand

TXN estimates Q2 revenue of $5 billion-$5.40 billion, ahead of the $4.86 billion that analysts' expect on an average, per LSEG data

Sees adjusted EPS between $1.77 and $2.05, also ahead of $1.57 consensus

"TI reported a blowout quarter, as the cyclical recovery in industrial semis is in full swing while the firm is tied into the artificial intelligence infrastructure buildout," Morningstar said

Q1 revenue of $4.83 billion beat estimate of $4.53 billion

14 of 40 brokerages rate the stock "buy" or higher, 22 "hold" and 4 "sell" or lower; their median PT is $250 - data compiled by LSEG

As of last close, TXN up over 36% YTD