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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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