Why is TXN stock dropping premarket? Texas Instruments beats Q2 estimates, announces a CFO change, and issues Q3 guidance.

Texas Instruments (TXN) will release Q2 earnings on July 22. Analysts expect $1.92 EPS and $5.24B revenue.

Texas Instruments beat Wall Street's targets for the second quarter and guided higher than views for the current period. But TXN stock fell.