TI’s Q3 Personal Electronics Revenue Growth Called ‘Broad-Based’

Q3 personal electronics revenue at Texas Instruments was up more than 20% sequentially from Q2 and 15% from in the 2019 quarter, said Vice President-Investor Relations Dave Pahl on a Tuesday call. “The strength was broad-based.” TI is “very well-positioned to handle whatever comes at us,” including unexpected spikes in consumer demand for personal electronics during the pandemic, said Chief Financial Officer Rafael Lizardi. The company is in “the strategic position of being the supplier of catalog parts that are highly diversified,” he said. It sells 80,000 “different parts” to more than 100,000 “different customers,” he said.