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Mar 31, 2023
Texas Instruments Q1 2023 Earnings Report
Texas Instruments reported first quarter revenue of $4.38 billion, net income of $1.71 billion, and earnings per share of $1.85.
Key Takeaways
Texas Instruments reported a decrease in revenue by 11% compared to the same quarter last year, with revenue reaching $4.38 billion. Net income was $1.71 billion, and earnings per share were $1.85, which included a 3-cent benefit from items not in the original guidance.
Revenue decreased 6% sequentially and 11% year-over-year due to weakness across end markets, except for automotive.
Cash flow from operations for the trailing 12 months was $7.7 billion.
Free cash flow for the trailing 12 months was $4.4 billion, representing 23% of revenue.
The company invested $3.5 billion in R&D and SG&A, $3.3 billion in capital expenditures, and returned $7.5 billion to owners over the past 12 months.
Revenue by Segment
Forward Guidance
TI's second quarter outlook is for revenue in the range of $4.17 billion to $4.53 billion and earnings per share between $1.62 and $1.88. The company continues to expect its 2023 effective tax rate to be about 13% to 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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