Texas Instruments to Publish Latest Quarterly Results

The semiconductor market crier Texas Instruments (TXN + 0.2%) reports the results for the third quarter after today's IPO. In the final quarter, the weakness in the automotive sector weighed on year-on-year sales. However, a recently released peer update suggests that auto pressure at TXN could ease off this quarter. Third quarter revenue is expected to be $ 3.45B (-9% yoy) based on consensus estimates, including $ 2.57B in sales from Analog, $ 572.3M from Embedded and $ 279.3M from Other. EPS is expected at $ 1.29, down 8% y / y. Over the past two years, TXN has exceeded EPS estimates 88% of the time and sales estimates 63% of the time. Last quarter, Texas Instruments beat its upper and lower earnings estimates, but sales were down 12% year over year, primarily driven by weakness in the auto industry. The auto end market accounts for over 20% of TXN's total sales, the third largest end market after industrials and personal electronics. Earlier this month, TXN's peer group NXP Semiconductors (Nasdaq: NXPI) reported preliminary Q3 revenue of $ 2.2 billion versus the consensus of $ 2.01 billion, driven by improvements in the automotive and wireless sectors. Other peers that TXN's revenue can move around include Analog Devices (NASDAQ: ADI), Microchip Technology (NASDAQ: MCHP), and ON Semiconductor (NASDAQ: ON). The companies all have auto exposure.