Quick answer: latest quarter results, by ticker or company name

Reported Q: Q3 2024 Rev YoY: -8.4% EPS YoY: -20.9% Move: -1.15%

Texas Instruments

TXN

$218.90 -1.15%

Exchange NASDAQ Sector Technology Industry Semiconductors

Q3 2024

Published: Oct 23, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for TXN

Reported

Report Date

Oct 23, 2024

Quarter Q3 2024

Revenue

4.15B

YoY: -8.4%

EPS

1.47

YoY: -20.9%

Market Move

-1.15%

Previous quarter: Q2 2024

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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

Period Q3 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 9, 2026

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

Financial Highlights

### Financial Performance Metrics
- Revenue: $4.15 billion (YoY: -8.41%, QoQ: +8.61%)
- Gross Profit: $2.47 billion (Gross Margin: 59.6%)
- Operating Income: $1.55 billion (Operating Margin: 37%)
- Net Income: $1.36 billion (Net Margin: 32.8%)
- Earnings Per Share (EPS): $1.48 (Diluted EPS: $1.47)

### 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

Debt to Equity

Elevated

0.84

Debt-to-equity shows significant leverage, monitor debt levels

P/E Ratio

Growth

34.62x

Elevated P/E suggests growth expectations or premium valuation

Price to Book

High Premium

10.92x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
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

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Q4 2023 Report

Texas Instruments Incorporated (TXN) Q4 2023 Results: Navigating a Challenging Market Environment...

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Texas Instruments (TXN) Q3 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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