Texas Instruments
TXN
$182.54 1.34%
Exchange: NASDAQ | Sector: Technology | Industry: Semiconductors
Q3 2024
Published: Oct 23, 2024

Earnings Highlights

  • Revenue of $4.15B down 8.4% year-over-year
  • EPS of $1.47 decreased by 20.9% from previous year
  • Gross margin of 59.6%
  • Net income of 1.36B
  • "Dave Pahl, Head of Investor Relations: "This call will include forward-looking statements that involve risks and uncertainties that could cause TI's results to differ materially from management's current expectations."" - Dave Pahl
TXN
Texas Instruments Incorporated

Executive Summary

In Q3 2024, Texas Instruments (TXN) reported revenues of $4.15 billion, reflecting a sequential increase of 9% but an 8% decline year-over-year. Despite a challenging year due to market corrections, management indicated a optimistic outlook for selected segments such as personal electronics, automotive (especially in China), and enterprise systems. Management emphasized its commitment to returning value to shareholders and maintaining a strong balance sheet, even as it navigates a mixed demand environment. The future outlook is cautiously optimistic as TI anticipates revenue between $3.7 billion to $4 billion for Q4 2024, highlighting resilience amid market fluctuations.

Key Performance Indicators

Revenue
Decreasing
4.15B
QoQ: 8.61% | YoY: -8.41%
Gross Profit
Decreasing
2.47B
59.60% margin
QoQ: 11.90% | YoY: -12.11%
Operating Income
Decreasing
1.55B
QoQ: 24.52% | YoY: -17.86%
Net Income
Decreasing
1.36B
QoQ: 20.85% | YoY: -20.30%
EPS
Decreasing
1.48
QoQ: 20.33% | YoY: -20.86%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 4,007.00 1.30 -1.7% View
Q3 2024 4,151.00 1.47 -8.4% View
Q2 2024 3,822.00 1.22 -15.7% View
Q1 2024 3,661.00 1.20 -16.4% View
Q4 2023 4,077.00 1.49 -12.7% View