Analog chipmaker Texas Instruments sees quarterly sales above estimates

Oct 21 (Reuters) - Texas ‌Instruments forecast ​fourth-quarter ​revenue above Wall Street estimates on Wednesday, a sign of recovery in industrial ‌chip demand and growing momentum for its AI ⁠data-center chips.

• Unlike Nvidia, which makes high-performance AI processors, ‌Dallas, Texas-based TI produces ‌analog chips that manage power and convert real-world inputs such as sound, light and temperature into ​digital signals for other semiconductors to process

• The analog chipmaker expects fourth-quarter revenue between $5.80 billion ⁠and $6.30 billion, above analysts' average estimate of $5.73 billion, according to data ​compiled by LSEG.

• Quarterly profit is expected to be between $2.45 and $2.79 per share

• Texas ​Instruments, one of the first ‌major chipmakers to post quarterly results, is widely considered a bellwether for ⁠the broader electronics and semiconductor industries

• Its analog and embedded chips are used in smartphones, laptops, cars as ⁠well as factory equipment

• TI's third-quarter revenue rose 28% to $6.06 billion ​from the same period last year, topping estimates of $5.92 billion. Quarterly profit rose 77% to $2.62 per share.

• "Our cash flow ‌from operations of $9.9 billion for the trailing 12 months again underscored the ‌strength of our business model, the quality of ⁠our product portfolio and ‌the benefit of ​300mm production," CEO Haviv Ilan said

(Reporting by Anhata Rooprai in Bengaluru; Editing by Shreya ‌Biswas)

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