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
03Detailed Report
TXN
Texas Instruments Incorporated
Period
Q3 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 23, 2026
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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.
### Cash Flow Metrics
- Cash Flow from Operations: $1.73 billion
- Free Cash Flow: $416 million
- Dividend Paid: $1.2 billion (21st consecutive year of increases)
### Balance Sheet Metrics
- Total Assets: $35.32 billion
- Total Liabilities: $18.05 billion
- Total Equity: $17.27 billion
The rise in revenues sequentially points to a recovery trajectory, albeit with ongoing pressures on metrics compared to last year's stronger performance.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
4.15B
-8.41%
8.61%
Gross Profit
2.47B
-12.11%
11.90%
Operating Income
1.55B
-17.86%
24.52%
Net Income
1.36B
-20.30%
20.85%
EPS
1.48
-20.86%
20.33%
Key Financial Ratios
Gross Profit Margin
Good
59.60%
Gross profit margin is healthy and competitive within industry standards
Operating Profit Margin
Excellent
37.40%
Operating margin is exceptional, indicating strong pricing power and operational efficiency
Net Profit Margin
Excellent
32.80%
Net profit margin is exceptional, indicating strong pricing power and operational efficiency
Return on Assets
Fair
3.86%
Return on assets is acceptable but below top-tier companies
Return on Equity
Fair
7.89%
Return on equity is acceptable but below top-tier companies
Current Ratio
Strong
4.31
Current ratio indicates excellent liquidity and financial flexibility