Loading...
•
Jun 30, 2020
Texas Instruments Q2 2020 Earnings Report
Texas Instruments reported a decrease in revenue due to weakness in the automotive market, but net income increased.
Key Takeaways
Texas Instruments reported Q2 2020 revenue of $3.24 billion, a 12% decrease year-over-year, primarily due to weakness in the automotive market. Net income increased by 6% to $1.38 billion, with earnings per share of $1.48, including a 33-cent benefit from items outside the company's original guidance.
Revenue decreased 12% from the same quarter a year ago, driven primarily by weakness in the automotive market.
Analog revenue declined 4% and Embedded Processing declined 31% from the same quarter a year ago.
Cash flow from operations for the trailing 12 months was $6.3 billion, and free cash flow was $5.7 billion, representing 42% of revenue.
Returned $6.7 billion to owners in the past 12 months through stock repurchases and dividends.
Revenue by Segment
Forward Guidance
TI’s third quarter outlook is for revenue in the range of $3.26 billion to $3.54 billion, and earnings per share between $1.14 and $1.34.
Positive Outlook
- Revenue between $3.26 billion and $3.54 billion
- EPS between $1.14 and $1.34
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
Loading earnings performance data...
Loading earnings reaction data...