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Sep 30, 2023
Texas Instruments Q3 2023 Earnings Report
Reported flat sequential revenue and a decrease of 14% from the same quarter a year ago, with automotive growth continuing and industrial weakness broadening.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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