"We are a very unique supplier in the sense of we can provide the capacity at scale... our fabs are being built in the US, mainly in Texas and in Lehi, Utah and we provide a capacity that is at scale, affordable, and dependable."
— Haviv Ilan
03Detailed Report
TXN
Texas Instruments Incorporated
Period
Q2 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 23, 2026
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Executive Summary
In the second quarter of 2024, Texas Instruments (TXN) reported revenues of $3.82 billion, reflecting a 4.4% increase sequentially but a decrease of 15.65% year-over-year. Despite the revenue decline, management expressed optimism regarding the company’s strategic investments in capacity expansion, especially in 300-millimeter manufacturing technology, positioning the company well for future growth in key sectors such as industrial and automotive. The management reiterated confidence in organic growth potential despite the headwinds faced in the semiconductor market, particularly in embedded processing where revenues were down 31% year-over-year. Gross profit margins improved marginally to 58% due to better factory loadings and internal production for cost efficiency, underscoring the financial resilience of Texas Instruments amid a challenging market environment.