Texas Instruments Inc., a key chipmaker for producers of cars and factory equipment, suffered the worst stock decline in 17 years after stoking fears that a tariff-fueled sales surge will be short-lived.

Texas Instruments said it expects current-quarter earnings between $1.36 and $1.60 per share, while analysts were looking for $1.50 per share. The company forecast revenue of $4.45 billion to $4.8 billion, for a midpoint of $4.625 billion. Analysts were expecting revenue of $4.59 billion.

Despite outperforming analyst expectations in Q2 2025, TI's own forecasts did not match analysts, which led to a stock crash.