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Dec 31, 2021

Texas Instruments Q4 2021 Earnings Report

Texas Instruments reported Q4 2021 financial results with revenue increasing due to strong demand in industrial and automotive markets and returned cash to shareholders through dividends and stock repurchases.

Key Takeaways

Texas Instruments reported a strong fourth quarter with revenue increasing 19% year-over-year, driven by demand in the industrial and automotive markets. The company's analog revenue grew 20%, and embedded processing grew 6%. TI returned $4.4 billion to owners in 2021 through dividends and stock repurchases.

Revenue increased 19% from the same quarter a year ago driven by strong demand in industrial and automotive markets.

Analog revenue grew 20% and Embedded Processing grew 6% from the year-ago quarter.

Returned $4.4 billion to owners in 2021 through dividends and stock repurchases.

First quarter outlook is for revenue in the range of $4.50 billion to $4.90 billion and earnings per share between $2.01 and $2.29.

Total Revenue
$4.83B
Previous year: $4.08B
+18.5%
EPS
$2.27
Previous year: $1.8
+26.1%
Free Cash Flow % of Revenue
34.3%
Gross Profit
$3.35B
Previous year: $2.65B
+26.6%
Cash and Equivalents
$4.63B
Previous year: $3.11B
+49.1%
Free Cash Flow
$1.08B
Previous year: $1.91B
-43.8%
Total Assets
$24.7B
Previous year: $19.4B
+27.5%

Texas Instruments

Texas Instruments

Texas Instruments Revenue by Segment

Forward Guidance

TI's first quarter outlook is for revenue in the range of $4.50 billion to $4.90 billion and earnings per share between $2.01 and $2.29. We expect our 2022 annual operating tax rate to be about 14%.

Revenue & Expenses

Visualization of income flow from segment revenue to net income