Texas Instruments GAAP EPS of $2.35 beats by $0.18, revenue of $4.91B beats by $180M
Texas Instruments press release  (NASDAQ:TXN): Q1  GAAP EPS of $2.35  beats by $0.18.
Revenue of $4.91B (+14.5% Y/Y)  beats by $180M.
Revenue increased 14% from the same quarter a year ago primarily due to growth in industrial and automotive.
"TI's second quarter outlook is for revenue in the range of $4.20 billion to $4.80 billion ($4.73B consensus)Â and earnings per share between $1.84 and $2.26($2.19 consensus). This outlook comprehends an impact due to reduced demand from COVID-19 restrictions inÂ China. We continue to expect our 2022 annual operating tax rate to be about 14%."