TI said its Q3 2024 revenue was $4.15 billion, net income was $1.36 billion and earnings per share were $1.47. Revenue decreased 8% from the year-ago quarter and increased 9% from the prior quarter.

10-QQuarterly reportFiled Oct 23, 2024Period of report Sep 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

TI said its Q3 2024 revenue was $4.15 billion, net income was $1.36 billion and earnings per share were $1.47. Revenue decreased 8% from the year-ago quarter and increased 9% from the prior quarter.
The company said its gross profit for Q3 2024 was $2.47 billion, down $341 million (12%). It cited lower revenue and higher manufacturing costs tied to planned capacity expansions as the factors, and gross margin fell from 62.1% to 59.6%.
TI said cash flow from operations for the trailing 9 months ended 2024 was $4.32 billion, down $176 million from the year-ago period. This included a cash benefit of $532 million from the U.S. CHIPS and Science Act investment tax credit used to reduce income taxes payable.
The company said it expects to receive an estimated $6 billion to $8 billion through 2034 from the U.S. Treasury investment tax credit. It also said it signed a non-binding preliminary memorandum of terms with the U.S. Department of Commerce in August 2024 for up to $1.6 billion in direct CHIPS Act funding, and announced in September that it would raise its dividend by 5%.

Key figures

Quarter ended September 30, 2024

Revenue: $4.2B
Operating income: $1.6B
Net income: $1.4B
EPS: $1.47
Gross profit: $2.5B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

TI Q3 2024 Revenue and Net Income

TI said its Q3 2024 revenue was $4.15 billion, net income was $1.36 billion and earnings per share were $1.47. Revenue decreased 8% from the year-ago quarter and increased 9% from the prior quarter.

Source · Based on the MD&A text of the filing

Gross Margin at 59.6%

The company said its gross profit for Q3 2024 was $2.47 billion, down $341 million (12%). It cited lower revenue and higher manufacturing costs tied to planned capacity expansions as the factors, and gross margin fell from 62.1% to 59.6%.

Source · Based on the MD&A text of the filing

Trailing 9-Month Operating Cash Flow

TI said cash flow from operations for the trailing 9 months ended 2024 was $4.32 billion, down $176 million from the year-ago period. This included a cash benefit of $532 million from the U.S. CHIPS and Science Act investment tax credit used to reduce income taxes payable.

Source · Based on the MD&A text of the filing

CHIPS Act Support and Dividend Increase

The company said it expects to receive an estimated $6 billion to $8 billion through 2034 from the U.S. Treasury investment tax credit. It also said it signed a non-binding preliminary memorandum of terms with the U.S. Department of Commerce in August 2024 for up to $1.6 billion in direct CHIPS Act funding, and announced in September that it would raise its dividend by 5%.

Source · Based on the MD&A text of the filing

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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