Cyclical RecoveryCyclically, TI saw its Analog business grow 2% annually in its December quarter, posting its first return to growth after eight consecutive quarters of annual correction.
Financial PerformanceTexas Instruments delivered better-than-expected results, reflecting gradually improving cyclical trends.
Strategic PositioningThe company's elevated internal inventory should allow it to aggressively compete for sockets it was forced to pass on during the period of COVID-related supply constraints.