Texas Instruments Q3 2023 Earnings Report
Key Takeaways
Texas Instruments reported Q3 2023 revenue of $4.53 billion, net income of $1.71 billion, and earnings per share of $1.85. Revenue was flat sequentially but decreased 14% year-over-year, with automotive growth offset by industrial weakness. The company's Q4 outlook includes revenue between $3.93 billion and $4.27 billion and EPS between $1.35 and $1.57.
Revenue was flat sequentially and decreased 14% from the same quarter a year ago.
Automotive growth continued, while industrial weakness broadened during the quarter.
Cash flow from operations for the trailing 12 months was $6.5 billion, with free cash flow at $1.6 billion.
Q4 outlook projects revenue between $3.93 billion and $4.27 billion and EPS between $1.35 and $1.57.
Texas Instruments
Texas Instruments
Texas Instruments Revenue by Segment
Forward Guidance
TI's fourth quarter outlook is for revenue in the range of $3.93 billion to $4.27 billion and earnings per share between $1.35 and $1.57. The company continues to expect its 2023 effective tax rate to be about 13% to 14%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income