The company reported revenue declines across all end markets as companies continue to burn off excess inventory.
Sequentially industrial sales were down in upper single digits, personal electronics declined in the mid-teens, Communications equipment fell 25%, enterprise systems recorded a mid-teens fall and automotive was down mid-single digits.
In the product sectors, analog sales dipped 14% year on year, embedded processing tumbled 22% and the company’s Other segment dived 33%.
For the second quarter, TI expects revenue in the range of $3.65 billion to $3.95 billion.
