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Dec 31, 2023
Texas Instruments Q4 2023 Earnings Report
Reported a decrease in revenue compared to the previous year, with increasing weakness in industrial and a decline in automotive.
Key Takeaways
Texas Instruments reported Q4 2023 revenue of $4.08 billion, net income of $1.37 billion, and earnings per share of $1.49. The EPS included a 3-cent benefit that was not in the company's original guidance. The revenue decreased 10% sequentially and 13% year-over-year.
Revenue decreased 10% sequentially and 13% from the same quarter a year ago due to increasing weakness across industrial and a sequential decline in automotive.
Cash flow from operations for the trailing 12 months was $6.4 billion, and free cash flow for the same period was $1.3 billion.
Over the past 12 months, the company invested $3.7 billion in R&D and SG&A, $5.1 billion in capital expenditures, and returned $4.9 billion to owners.
First quarter outlook is for revenue in the range of $3.45 billion to $3.75 billion and earnings per share between $0.96 and $1.16. The 2024 effective tax rate is expected to be about 13%.
Revenue by Segment
Forward Guidance
TI's first quarter outlook is for revenue in the range of $3.45 billion to $3.75 billion and earnings per share between $0.96 and $1.16. We now expect our 2024 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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