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Dec 31, 2022
Texas Instruments Q4 2022 Earnings Report
Reported a decrease in revenue and earnings per share due to weaker demand across most end markets, except for automotive.
Key Takeaways
Texas Instruments reported Q4 2022 revenue of $4.67 billion, a 3% decrease year-over-year, and net income of $1.96 billion, an 8% decrease year-over-year. Earnings per share were $2.13, including an 11-cent benefit not in the original guidance. The company's results reflect weaker demand in all end markets with the exception of automotive.
Revenue decreased 11% sequentially and 3% from the same quarter a year ago.
Results reflect weaker demand in all end markets with the exception of automotive.
Cash flow from operations of $8.7 billion for the year underscored the strength of the business model.
Free cash flow for the year was $5.9 billion and 30% of revenue, reflecting the quality of the product portfolio and the efficiency of the manufacturing strategy.
Texas Instruments
Texas Instruments
Texas Instruments Revenue by Segment
Revenue by Segment
Analog Revenue
CapyFin.comEmbedded Processing Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
TI's first quarter outlook is for revenue in the range of $4.17 billion to $4.53 billion and earnings per share between $1.64 and $1.90. The company now expects its 2023 annual effective tax rate to be about 13% to 14%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income