The earnings call presented a mixed picture with sequential revenue growth and strong automotive and personal electronics performance, particularly in China. However, year-over-year declines in revenue and significant challenges in the industrial market were noted, alongside a decrease in operating profit and increased inventory levels.
Company Guidance
In the Texas Instruments third quarter 2024 earnings call, the company provided guidance for the fourth quarter, expecting revenue to range between $3.7 billion and $4 billion, with earnings per share forecasted between $1.07 and $1.29. The effective tax rate is anticipated to remain at approximately 13%. For the third quarter, TI reported revenue of $4.2 billion, a 9% sequential increase, but an 8% year-over-year decrease. Gross profit was $2.5 billion, representing 60% of revenue, while operating expenses amounted to $920 million. The company's net income stood at $1.4 billion, or $1.47 per share. TI also noted their capital management efforts, including cash generation of $1.7 billion from operations and capital expenditures of $1.3 billion. The company returned $5.2 billion to shareholders over the past 12 months, highlighting a strong balance sheet with $8.8 billion in cash and short-term investments.
Sequential Revenue Growth
Revenue for the third quarter was $4.2 billion, an increase of 9% sequentially.
Strong Automotive Market Performance
Automotive market increased upper single digits, primarily due to strength in China, with 20% growth in both Q2 and Q3.
Personal Electronics Recovery
Personal electronics grew about 30% sequentially, showing signs of cyclical recovery.
Dividend Increase
TI announced a 5% increase in its dividend, marking the 21st consecutive year of dividend increases.
---
Texas Instruments (TXN) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
TXN Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 22, 2024
$192.70
$200.42
+4.01%
Jul 23, 2024
$195.72
$195.71
>-0.01%
Apr 23, 2024
$162.16
$171.31
+5.64%
Jan 23, 2024
$169.51
$165.36
-2.45%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Texas Instruments (TXN) report earnings?
Texas Instruments (TXN) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Texas Instruments (TXN) earnings time?
Texas Instruments (TXN) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.