Texas Instruments Q2 Earnings: Solid Quarter, Still Waiting For A Better Entry Point

Texas Instruments Incorporated delivered a solid quarter, with sequential revenue growth and better working capital management, but geopolitical risks and tariffs remain a concern. Management acknowledges some Q2 strength was likely demand pulled forward due to tariffs, and industrial recovery is more robust than automotive. Valuation has run ahead of fundamentals, with the stock trading at a premium not fully justified by current earnings or margin outlook.