Texas Instruments shares are trading lower on Wednesday following the release of second quarter earnings and third quarter guidance on Tuesday after the market closed.

CEO Haviv Ilan said that some of the second-quarter strength may have come from a pull forward in demand to acquire inventory ahead of tariffs.

Shares of auto and industrial chip giant Texas Instruments ( TXN -13.41%) plunged doubled digits on Wednesday, falling 13.3% as of 2:22 p.m. ET.

Analysts say the tone on the earnings call was “moody” and “appears to have shifted markedly” as executives express more caution.

Texas Instruments shares tumbled Wednesday after the analog chipmaker well known for its calculators issued a disappointing current-quarter profit outlook. Monitor these important chart levels.

Texas Instruments reported quarterly earnings of $1.41 per share which beat the analyst consensus estimate of $1.33 per share. The company reported quarterly sales of $4.448 billion which beat the analyst consensus estimate of $4.329 billion. Texas Instruments shares dipped 12% to $189.15 in the pre-market trading session.

The Dallas-based chip maker reported higher profit and sales in the second quarter with growth across key revenue segments.

Tesla and Alphabet report quarterly earnings after the closing bell Wednesday, while Texas Instruments tumbles after issuing a disappointing profit forecast.