Texas Instruments Q2 2020 Earnings Report
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.
Texas Instruments
Texas Instruments
Texas Instruments 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