And amid the uncertainty caused by the covid-19 pandemic, TI used its 2008 financial crisis to model its second-quarter outlook.
The Dallas company in the first quarter earned $1.24 a share, including a 10-cent benefit from items that weren't in its guidance, as revenue fell 7% to $3.33 billion.
Analysts were expecting the company to report earnings of $1 a share on revenue of $3.17 billion.
The company's embedded processing unit saw revenue decline 18% year over year while analog revenue fell 2%. The embedded processing unit includes processors and connected microcontrollers.
"With a covid-19 recession likely upon us, and with reduced visibility of customer demand, we are using the 2008 financial crisis to model our second-quarter outlook," Chief Executive Rich Templeton said in a statement.
"To reflect the increased uncertainty, we have expanded the range of our guidance."
Texas Instruments expects second-quarter earnings between 64 cents and $1.04 a share on revenue between $2.61 billion and $3.19 billion. Analysts are expecting earnings of 99 cents per share on revenue of $3.15 billion.
Texas Instruments shares at last check rose 2.3% to $109.26.