Texas Instruments announced second-quarter revenue of $3.50 billion, net income of $769 million and earnings per share of 62 cents.
"Our Analog and Embedded Processing businesses turned in double-digit sequential growth, outpacing their respective markets and again confirming their ability to positively impact the financial performance of TI. As a result, we delivered our highest-ever quarterly operating profit," said Rich Templeton, TI chairman, president and chief executive officer.