利空突袭！芯片巨头，直线大跳水！

券商中国10-22

芯片巨头的财报，突然释放利空信号。　　受业绩指引不及预期影响，美国芯片巨头德州仪器股价在周三美股盘前交易中大幅跳水，一度暴跌超9%。该公司预测，第四季度的营收将在42.2 亿美元至45.8 亿美元之间，明显逊于华尔街分析师的平均预期。　　作为全球最大规模模拟芯片制造商，德州仪器的业绩预期一向被华尔街视为全球半导体需求的“晴雨表”。该公司CEO表示，工业客户在扩大工厂规模方面采取了“观望”(wait...

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亿美元之间，明显逊于华尔街分析师的平均预期。　　作为全球最大规模模拟芯片制造商，德州仪器的业绩预期一向被华尔街视为全球半导体需求的“晴雨表”。该公司CEO表示，工业客户在扩大工厂规模方面采取了“观望”(wait...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202510223541353637.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0738911758.USD","symbol_name":"Blackrock Global Equity Income A6 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Chip giants, plunging in a straight line!","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TXN":0.9},"content_text":"芯片巨头的财报，突然释放利空信号。　　受业绩指引不及预期影响，美国芯片巨头德州仪器股价在周三美股盘前交易中大幅跳水，一度暴跌超9%。该公司预测，第四季度的营收将在42.2 亿美元至45.8 亿美元之间，明显逊于华尔街分析师的平均预期。　　作为全球最大规模模拟芯片制造商，德州仪器的业绩预期一向被华尔街视为全球半导体需求的“晴雨表”。该公司CEO表示，工业客户在扩大工厂规模方面采取了“观望”(wait and see)的态度，因为可能面临美国政府提高关税带来的不确定性风险。　　芯片巨头大跳水　　10月22日，美股盘前，全球最大的模拟芯片制造商——德州仪器股价直线跳水，一度暴跌超9%，截至北京时间20:30，跌幅达7.44%。 　　消息面上，德州仪器在最新披露的财报中对今年第四季度做出了悲观的业绩预测，加剧了市场对这一半导体细分行业复苏乏力的担忧。　　具体来看，今年第三季度，德州仪器实现营收47.4亿美元，同比增长14%，略好于市场预期；每股盈利为1.48美元，不及市场预期；三季度资本开支为12亿美元，也低于分析师预期的12.8亿美元。　　德州仪器在财报声明中预测，公司第四季度的营收将在42.2 亿美元至45.8 亿美元之间，中位值为44亿美元，明显逊于分析师此前的平均预期（45亿美元）。该公司表示，预计第四季度的每股利润约为1.26美元，而分析师们的预期为1.39美元。　　德州仪器首席执行官哈维夫·伊兰（Haviv Ilan）在电话会议中表示，整个半导体市场的复苏仍在继续，但速度较之前的复苏阶段有所放缓，这可能与更广泛的宏观经济形势以及整体的不确定性有关。　　这表明，由于面临日益加剧的贸易紧张局势和不稳定经济环境，德州仪器的大客户正在放缓订单量。该公司的复苏势头再次面临不确定性。　　自今年以来，德州仪器的股价表现已大幅落后于美股半导体板块涨势，其股价年内累计跌幅超1%，而费城半导体指数同期涨幅超过37%。　　值得一提的是，今年7月，德州仪器同样发布了较为悲观的财报预期，导致其股价当日暴跌超13%，为17年来最严重的单日跌幅。　　哈维夫·伊兰当时指出，关税和地缘政治正在扰乱和重塑全球供应链，汽车行业的复苏一直很缓慢。　　什么信号？　　作为全球最大规模模拟芯片制造商，德州仪器在该细分市场的市占率约为19%—20%，同时该公司还是全球最重要的MCU芯片制造商之一，其产品几乎渗透到所有终端市场(汽车、工业、通信、消费电子、医疗等)。　　其中，模拟芯片将声音、温度、压力、电流等真实世界信号转换为数字域，支撑汽车 ADAS、工业自动化、IoT 传感、智能电网等场景。MCU则是“电子设备大脑”，控制逻辑与实时运算，几乎存在于所有联网或机电系统中(家电、计量表、车身控制、医疗监护等)，德州仪器旗下TI MSP430、C2000、Arm-M 系列MCU产品在低功耗与工业实时控制领域市占领先。　　因此，德州仪器的业绩预期被华尔街称为全球半导体需求的“晴雨表”。　　在最新的财报电话会上，哈维夫·伊兰表示，今年第三季度，中国市场恢复了正常模式，但公司没有再经历那种“提前下单”的情况。这表明，目前德州仪器在中国市场上，正面临来自本土公司的激烈竞争。　　德州仪器的一位高管称，德州仪器的库存已达到最佳水平，现在已开始放缓工厂的作业速度，以确保不会形成过大规模的库存。但该公司表示，这将在短期内拖累盈利能力。　　另外，在需求增长乏力的背景下，德州仪器正考虑放缓扩张步伐。公司首席财务官拉斐尔·利扎迪（Rafael Lizardi）此前表示，该公司用于购置设备和厂房的支出今年将约为50亿美元，而这一支出在明年可能会缩减至约20亿至30亿美元。　　值得一提的是，在德州仪器公布业绩前夕，巴克莱银行在报告中表示，继续维持对德州仪器“低配”的股票评级，并指出，工业和汽车市场复苏持续疲软，而共识预期仍显著高于长期复合年增长率趋势线，存在进一步大幅下调风险。　　巴克莱银行的分析师们还表示，模拟芯片行业可能面临的不仅是周期性调整，还有TAM（总体可寻址市场）的结构性收缩。（文章来源：券商中国）","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2577360658","isCrawlerRequest":true}