Texas Instruments Q1 2022 Earnings Report
Key Takeaways
Texas Instruments reported a strong first quarter with revenue of $4.91 billion, net income of $2.20 billion, and earnings per share of $2.35. Revenue increased by 14% compared to the same quarter last year, driven by growth in the industrial and automotive markets.
Revenue increased 14% from the same quarter a year ago primarily due to growth in industrial and automotive.
Cash flow from operations was $9.1 billion for the trailing 12 months.
Free cash flow for the same period was $6.5 billion, representing 34% of revenue.
Second quarter outlook is for revenue in the range of $4.20 billion to $4.80 billion and earnings per share between $1.84 and $2.26.
Texas Instruments
Texas Instruments
Texas Instruments Revenue by Segment
Forward Guidance
TI's second quarter outlook is for revenue in the range of $4.20 billion to $4.80 billion and earnings per share between $1.84 and $2.26. This outlook comprehends an impact due to reduced demand from COVID-19 restrictions in China. The company continues to expect its 2022 annual operating tax rate to be about 14%.
Challenges Ahead
- Revenue is expected to be in the range of $4.20 billion to $4.80 billion.
- Earnings per share are expected to be between $1.84 and $2.26.
- The outlook comprehends an impact due to reduced demand from COVID-19 restrictions in China.
Revenue & Expenses
Visualization of income flow from segment revenue to net income