Texas Instruments Q2 2023 Earnings Report
Key Takeaways
Texas Instruments reported Q2 2023 revenue of $4.53 billion, a 13% decrease year-over-year. Net income was $1.72 billion, with earnings per share of $1.87. The company's performance was weak across most end markets except for automotive. The third quarter outlook includes revenue in the range of $4.36 billion to $4.74 billion and earnings per share between $1.68 and $1.92.
Revenue decreased 13% from the same quarter a year ago, but increased 3% sequentially.
Experienced weakness across end markets with the exception of automotive.
Cash flow from operations was $7.4 billion for the trailing 12 months.
Third quarter outlook is for revenue in the range of $4.36 billion to $4.74 billion and earnings per share between $1.68 and $1.92.
Texas Instruments
Texas Instruments
Texas Instruments Revenue by Segment
Forward Guidance
TI's third quarter outlook is for revenue in the range of $4.36 billion to $4.74 billion and earnings per share between $1.68 and $1.92. They continue to expect their 2023 effective tax rate to be about 13% to 14%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income