Earnings ·
Texas Instruments reports Q3 revenue of $6.06 billion and EPS of $2.62
TXNTexas Instruments Inc
Texas Instruments reported third-quarter revenue of $6.06 billion, an 11% sequential increase and 28% year-over-year growth, driven by broad expansion in industrial, automotive, and data center markets. Net income reached $2.43 billion, yielding diluted earnings per share of $2.62, which included a one-cent reduction from original guidance. Operating profit surged 73% to $2.87 billion, while cash flow from operations for the quarter was $3.42 billion and free cash flow stood at $2.96 billion. The company returned $5.8 billion to shareholders over the trailing twelve months through dividends and buybacks. Texas Instruments provided fourth-quarter revenue guidance of $5.80 billion to $6.30 billion and EPS between $2.45 and $2.79. Texas Instruments is a global semiconductor company that designs, manufactures, and sells analog and embedded processing chips for industrial, automotive, and data center applications.