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Mar 31, 2024
Texas Instruments Q1 2024 Earnings Report
Texas Instruments reported a decrease in revenue and earnings per share for Q1 2024, with revenue declining across all end markets.
Key Takeaways
Texas Instruments reported Q1 2024 revenue of $3.66 billion, a 16% decrease year-over-year, and net income of $1.11 billion, with earnings per share of $1.20. The EPS included a 10-cent benefit from items not in the original guidance. Revenue declined across all end markets.
Revenue decreased 16% from the same quarter a year ago and 10% sequentially, as revenue declined across all end markets.
Cash flow from operations was $6.3 billion for the trailing 12 months.
Over the past 12 months, the company invested $3.7 billion in R&D and SG&A, $5.3 billion in capital expenditures, and returned $4.8 billion to owners.
Second quarter outlook is for revenue in the range of $3.65 billion to $3.95 billion and earnings per share between $1.05 and $1.25.
Revenue by Segment
Forward Guidance
TI's second quarter outlook is for revenue in the range of $3.65 billion to $3.95 billion and earnings per share between $1.05 and $1.25. The company continues to expect its effective tax rate to be about 13%.
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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