Texas Instruments Q2 2022 Earnings Report
Key Takeaways
Texas Instruments reported a strong second quarter with revenue increasing by 14% compared to the same quarter last year. The company's performance was driven by growth across various markets, resulting in a net income of $2.29 billion and earnings per share of $2.45.
Revenue increased 14% from the same quarter a year ago due to growth across markets.
Cash flow from operations for the trailing 12 months was $8.7 billion.
Free cash flow for the same period was $5.9 billion, representing 30% of revenue.
Third quarter outlook is for revenue in the range of $4.90 billion to $5.30 billion and earnings per share between $2.23 and $2.51.
Texas Instruments
Texas Instruments
Texas Instruments Revenue by Segment
Forward Guidance
TI's third quarter outlook is for revenue in the range of $4.90 billion to $5.30 billion and earnings per share between $2.23 and $2.51. They expect the 2022 effective tax rate to be about 14%.
Positive Outlook
- Revenue between $4.90 billion and $5.30 billion.
- EPS between $2.23 and $2.51.
- Expect our 2022 effective tax rate to be about 14%.
- Continued focus on strategic investments.
- Strong market position in analog and embedded processing.
Challenges Ahead
- Uncertainty in global economic conditions.
- Potential impact of COVID-19 pandemic.
- Intense competition in the semiconductor industry.
- Fluctuations in market demand.
- Dependence on key customers and distributors.
Revenue & Expenses
Visualization of income flow from segment revenue to net income