How Did Texas Instruments Fare In Q1’16 Earnings?
Leading analog chip maker, Texas Instruments (NASDAQ:TXN) reported its Q1 2016 earnings on April 27th. TI’s analog revenues declined for the quarter due to a weaker demand in the consumer electronics market, which is predicted to remain sluggish through at least the middle of the year. That said, the company is shifting additional analog production to larger 300 mm wafers, which increases the number of devices per wafer while lowering their cost. This should allow for higher profitability and greater pricing power, once demand picks up as expected. Below we analyse the key metrics as reported by the company for the quarter:
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