Texas Instruments reports strong Q2 earnings but stock drops on lower-than-expected Q3 forecast.

Texas Instruments reported second-quarter earnings above expectations with revenue at $4.45 billion, up 16% year-over-year. However, the stock declined in extended trading due to a third-quarter forecast that fell short of analysts' expectations. The company projects third-quarter earnings of $1.36 to $1.60 per share, below the $1.50 consensus. Despite the setback, Texas Instruments has seen significant revenue growth and plans to invest $60 billion in U.S. chip production.