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Sep 30, 2021
Texas Instruments Q3 2021 Earnings Report
Reported third quarter revenue, net income, and earnings per share, demonstrating strong growth driven by demand in industrial, automotive, and personal electronics markets.
Key Takeaways
Texas Instruments reported a strong third quarter with revenue increasing by 22% year-over-year to $4.64 billion, net income increasing by 44% to $1.95 billion, and earnings per share increasing by 43% to $2.07.
Revenue increased 22% year-over-year driven by strong demand in industrial, automotive, and personal electronics.
Analog revenue grew 24% and Embedded Processing grew 13% compared to the same quarter last year.
Cash flow from operations for the trailing 12 months was $8.5 billion, with free cash flow at $7.1 billion, representing 41% of revenue.
Returned $4.2 billion to owners in the past 12 months through dividends and stock repurchases, with a 13% dividend increase announced in September.
Revenue by Segment
Forward Guidance
TI's fourth quarter outlook is for revenue in the range of $4.22 billion to $4.58 billion and earnings per share between $1.83 and $2.07. The company continues to expect its 2021 annual operating tax rate to be about 14%.
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
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