Texas Instruments shares dropped 12% due to tariff concerns, predicting third-quarter earnings of $1.36 to $1.60 per share, falling below analysts’ expectations. Revenue is forecasted at $4.45 billion to $4.48 billion, slightly exceeding analyst estimates. CEO Haviv Ilan mentioned a “shallow” automotive sector recovery and customer worries about tariffs and geopolitical issues. Despite the slump, the company reported a 16% revenue increase year-over-year, with earnings of $1.41 per share on $4.45 billion in revenue. Net income rose 15% to $1.3 billion, or $1.41 per share, from $1.13 billion, or $1.22 per share, a year ago.

Read more at CNBC: Texas Instruments stock falls 12% as CEO warns of tariff concerns