Texas Instruments Q2 2024 Earnings Report
Key Takeaways
Texas Instruments reported a decrease in revenue by 16% compared to the same quarter last year, but an increase of 4% sequentially. The company's net income was $1.13 billion, with earnings per share at $1.22, which included a 5-cent benefit for items not in the original guidance. The company is expecting Q3 revenue in the range of $3.94 billion to $4.26 billion and EPS between $1.24 and $1.48.
Revenue decreased 16% from the same quarter a year ago and increased 4% sequentially.
Industrial and automotive sectors continued to decline sequentially, while all other end markets grew.
Cash flow from operations was $6.4 billion for the trailing 12 months.
Free cash flow for the same period was $1.5 billion.
Texas Instruments
Texas Instruments
Texas Instruments Revenue by Segment
Forward Guidance
TI's third quarter outlook is for revenue in the range of $3.94 billion to $4.26 billion and earnings per share between $1.24 and $1.48. 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