Texas Instruments Soars 19% to Record High on Earnings Beat and Strong Guidance

Guidance pointing to higher second-quarter sales suggested TI could benefit from the AI buildout.

Overview

Texas Instruments shares, which leapt 19% Thursday, closed at a record $282.23 in their strongest one-day gain in more than 25 years.
Investors bid the stock up after Q1 results beat forecasts, with revenue around $4.83 billion and earnings of $1.68 per share.
For the current quarter, the company projected revenue of $5.0 billion to $5.4 billion and EPS of $1.77 to $2.05, both above Wall Street estimates.
Management said demand from industrial users and data-center customers drove growth, challenging the view that TI sits outside the AI boom.
Following the report, TI declared a $1.42 dividend payable May 19 to holders of record May 5, and Benchmark raised its price target to $315 as analysts kept a Moderate Buy view and disclosures showed about $26.5 million in recent insider sales.