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More on Texas Instruments: Q3 guidance is for revenue of $3.09B-$3.35B and EPS of $0.49-$0.57...

More on Texas Instruments: Q3 guidance is for revenue of $3.09B-$3.35B and EPS of $0.49-$0.57 vs. consensus $3.2B and $0.51. $721M spent on buybacks in Q2 vs. $679M in Q1. Company still frugal with capex: $97M spent (just 3.2% of revenue) vs. $84M in Q1. Analog chip sales (57% of revenue) +6% Y/Y, better than Q1's -2%. Embedded processing (DSPs, microcontrollers)  +10% (+4% in Q1). Other (DLPs, calculators, legacy wireless, royalties) +1% (-24% in Q1, hurt by wireless plunge). Gross margin was 51.5%, +390 bps Q/Q and +200 bps Y/Y. R&D spend -19% Y/Y thanks to wind-down of wireless chip lines. TXN +2% AH, CC at 5:30PM ET (webcast). (PR)
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