Texas Instruments just reported Q3 results. Here’s why the stock is rising.

Texas Instruments (NASDAQ:TXN) shares rose 1% in extended-hours trading on Tuesday, even as the semiconductor company offered guidance for the fourth quarter that missed expectations.

Shares of analog chipmakers, such as Analog Devices (ADI) and NXP Semiconductors (NXPI), were also modestly positive in late trading.

For the period ending Sept. 30, Texas Instruments earned $1.47 per share as revenue declined 8.4% year-over-year to $4.15B. Analog revenue fell 4% year-over-year to $3.22B, while revenue attributed to embedded processing tumbled 27% to $653M.

Revenue from Texas Instruments’ Other segment fell 5% year-over-year to $275M.

Cash flow from operations for the past 12 months came in at $6.2B, while free cash flow for the same period was $1.5B.

“Revenue decreased 8% from the same quarter a year ago and increased 9% sequentially,” Haviv Ilan, TI’s president and CEO, said in a statement. “Industrial continued to decline sequentially, while all other end markets grew.”

A consensus of analysts expected the company to earn $1.37 per share on $4.08B in revenue.

Looking ahead, Texas Instruments expects to earn between $1.07 and $1.29 per share, with revenue between the $3.7B and $4B for the coming fourth quarter. Analysts were expecting earnings of $1.35 per share on $4.08B in revenue, both above the mid-points of Texas Instruments’ range

The company is slated to host a conference call at 4:30 p.m. EST to discuss the results.