Texas Instruments said it reported revenue of $4.08 billion, net income of $1.37 billion and earnings per share of $1.49 for Q4 2023. The company said earnings per share included a 3 cents benefit that was not in its original guidance.

1. 01

   Texas Instruments said it reported revenue of $4.08 billion, net income of $1.37 billion and earnings per share of $1.49 for Q4 2023. The company said earnings per share included a 3 cents benefit that was not in its original guidance.

2. 02

   The company reported that revenue for Q4 2023 was $4,077 million, down 13% from a year earlier, and operating profit was $1,533 million, down 30%. The company said that during Q4 weakness in industrial deepened and automotive declined from the prior quarter.

3. 03

   Texas Instruments said it generated cash flow from operations of $6,420 million, capital expenditures of $5,071 million and free cash flow of $1,349 million over the 12 months ended December 31, 2023. Free cash flow fell 77% from the prior year's $5,923 million.

4. 04

   Texas Instruments said it expects revenue for Q1 2024 in the range of $3.45 billion to $3.75 billion and earnings per share between $0.96 and $1.16. The company also said it expects the effective tax rate for 2024 to be about 13%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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