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Mar 31, 2021
Texas Instruments Q1 2021 Earnings Report
Reported first quarter revenue, net income, and earnings per share, with revenue increasing sequentially and from the same quarter a year ago.
Key Takeaways
Texas Instruments reported a strong first quarter with revenue of $4.29 billion, a 29% increase from the previous year, driven by high demand in the industrial, automotive, and personal electronics sectors. Net income reached $1.75 billion, and earnings per share stood at $1.87, including a 2-cent net benefit from items outside the original guidance.
Revenue increased 5% sequentially and 29% year-over-year due to strong demand in industrial, automotive, and personal electronics.
Analog revenue grew 5% sequentially and 33% year-over-year, while Embedded Processing revenue increased 7% sequentially and 17% year-over-year.
Cash flow from operations for the trailing 12 months was $7.1 billion, and free cash flow was $6.3 billion, representing 41% of revenue.
Returned $4.5 billion to owners in the past 12 months through dividends and stock repurchases, with dividends representing 56% of free cash flow.
Revenue by Segment
Forward Guidance
TI's second quarter outlook is for revenue in the range of $4.13 billion to $4.47 billion and earnings per share between $1.68 and $1.92. The company continues to expect its 2021 annual operating tax rate to be about 14%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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