Deutsche Bank analysts shared their outlook on Texas Instruments Incorporated (NASDAQ:TXN) ahead of the company’s upcoming Q4 results, scheduled to be reported on Jan 24.
The analysts expect the company to maintain its cyclically cautious tone reflecting macro/sector-specific headwinds that began in consumer-oriented areas and have been spreading to Industrial and other applications.
The key barometers for the company will be if they can deliver their typical “beat” vs guide in Q4/22 and similarly if their Q1/23 outlook is “seasonal” (down 3% quarter-over-quarter) or more aligned to prior cyclically challenged times (down 6% quarter-over-quarter guide in Q1/19).