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Sep 30, 2024
Texas Instruments Q3 2024 Earnings Report
Reported third quarter revenue, net income, and earnings per share.
Key Takeaways
Texas Instruments reported Q3 2024 revenue of $4.15 billion, net income of $1.36 billion, and earnings per share of $1.47. Revenue decreased 8% year-over-year, but increased 9% sequentially. The EPS included a 3-cent benefit for items not in the company's original guidance. Industrial sector declined sequentially, while all other end markets grew.
Revenue decreased 8% from the same quarter a year ago and increased 9% sequentially. Industrial continued to decline sequentially, while all other end markets grew.
Cash flow from operations of $6.2 billion for the trailing 12 months.
Over the past 12 months, the company invested $3.7 billion in R&D and SG&A, $4.8 billion in capital expenditures, and returned $5.2 billion to owners.
TI's fourth quarter outlook is for revenue in the range of $3.70 billion to $4.00 billion and earnings per share between $1.07 and $1.29.
Revenue by Segment
Forward Guidance
TI's fourth quarter outlook is for revenue in the range of $3.70 billion to $4.00 billion and earnings per share between $1.07 and $1.29. The company continues to expect its fourth quarter effective tax rate to be about 13%.
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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