CLAIM #58234 · Texas Instruments Incorporated (TXN) · 2024Q2 earnings call · Jul 23, 2024 · due Sep 30, 2024
“I mean, it's at the midpoint of the range. We expect revenue to grow about 7%.”
Haviv Ilan · CEO
In context
“but I'll call them earlier-stage sectors, some of them have found bottoms and begun to grow and you can see some of that bottoming process taking place. The others, we're only three or so quarters in and we've got several of them that are continuing to decline at double-digit rates. So again, as we've seen all of our markets behave asynchronously inside of the sectors, we've seen that in industrial as well. Do you have a follow-on, Stace? Stacy Rasgon: I do actually. Maybe to re-ask the same question. So you're guiding a revenue sequentially up close to $300 million. How do I think about that $300 million growth parsing out across the end markets into Q3? Haviv Ilan: Yes, Stacy, I'm on the calls, but still we are not going to predict or to give a guidance by market for the third quarter. I mean, it's at the midpoint of the range. We expect revenue to grow about 7%. But as you know, it's not unusual for us to see sequential growth in the third quarter. I mean, typically this is a seasonal -- Stacy Rasgon: Is it TE, is what I'm asking, is it mostly -- Haviv Ilan: Yes, typically Q3 is a quarter where if you go back to pre-COVID days, this is the quarter where customers are preparing their end equipment or the end-product for the holiday season. So it's usually a strong quarter for the company and we are seeing that a very similar behavior right now at the midpoint of our -- of the range of our forecast. I don't know, Dave, if you want to add anything. Dave Pahl: I think that's good. Haviv Ilan: Okay. Dave Pahl: Thank you, Stacy. And we'll go to the next caller. Stacy Rasgon: Thank you, guys. Thank you. Operator: Thank you. Our next question comes from”
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SEC filings for TXN ↗ · Claim quote is verbatim from the 2024Q2 earnings call.