Texas Instruments (TXN) is expected to post in-line Q1 results and Q2 guidance amid mixed demand signals, Oppenheimer said in a note e-mailed Friday.
The semiconductor maker is scheduled to report Q1 results Tuesday. Oppenheimer projects earnings at $1.06 per share, while sales are expected to drop 18% year-over-year to $3.60 billion.
“Led by a seasoned [management] team, TXN looks well-positioned for long-term analog competitiveness in core auto/industrial end-markets,” Oppenheimer analysts Rick Schafer, Wei Mok and Dustin Fowler said. “We see [gross margin] remaining under pressure from a combination of underutilization, increased depreciation, and aggressive pricing in China.”