Woofun AI reports that Texas Instruments generated $54.6 billion in revenue during the second quarter, representing a 23% year-over-year increase. The company recorded a net profit of $19.8 billion, surpassing figures from the same period last year.

Management projects third-quarter revenue to range between $56.5 billion and $61.5 billion, a forecast that exceeds Wall Street expectations. This outlook is attributed to investments in AI infrastructure and recovering demand in industrial and automotive sectors for analog chips.