TI, a developer of chips for everything from cellphones to industrial equipment, posted a second-quarter profit of $260 million, or 20 cents per share, compared with $588 million, or 44 cents a share, in the same quarter a year ago.
Excluding items such as restructuring costs, its profit would have been 25 cents per share versus analysts' average expectation for 23 cents a share, according to Reuters Estimates.
Revenue fell to $2.46 billion from $3.35 billion.
Analysts on average had expected revenue of $2.4 billion, according to Reuters Estimates.
The company, which competes with Qualcomm Inc
It forecast current-quarter earnings per share of 29 cents to 39 cents on revenue of $2.5 billion to $2.8 billion.
(Reporting by Sinead Carew; Editing by Richard Chang)