Texas Instruments Q3 2021 Earnings Report
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.
Texas Instruments
Texas Instruments
Texas Instruments 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