Company Performance - Texas Instruments reported quarterly earnings of $1.28 per share, exceeding the Zacks Consensus Estimate of $1.06 per share, and up from $1.20 per share a year ago, representing an earnings surprise of 20.75% [1] - The company posted revenues of $4.07 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.13%, and an increase from $3.66 billion year-over-year [2] - Over the last four quarters, Texas Instruments has consistently surpassed consensus EPS and revenue estimates [2] Stock Outlook - Texas Instruments shares have declined approximately 21.7% since the beginning of the year, compared to a 10.1% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $1.23 on revenues of $4.13 billion, and for the current fiscal year, it is $5.35 on revenues of $17.03 billion [7] Industry Context - The Semiconductor - General industry, to which Texas Instruments belongs, is currently ranked in the top 24% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]

Financial Performance - Q1 2025 revenue reached $4.07 billion, an 11% increase year-over-year and a 2% sequential increase[2] - Net income for Q1 2025 was $1.18 billion, reflecting a 7% increase compared to Q1 2024[4] - Earnings per share for Q1 2025 were $1.28, up 7% from $1.20 in Q1 2024[4] - Revenue for the twelve months ended March 31, 2025, was $16,049 million, compared to $16,801 million in 2024[18] Cash Flow and Investments - Cash flow from operations for the trailing 12 months was $6.2 billion, with free cash flow at $1.7 billion, representing 10.7% of revenue[5][16] - Cash flow from operations for the three months ended March 31, 2025, was $849 million, a decrease of 2% compared to $6,277 million for the previous year[18] - Free cash flow (non-GAAP) for the twelve months ended March 31, 2025, was $1,715 million, an increase of 82% from $940 million in 2024[18] - Cash flow from operations as a percentage of revenue (GAAP) was 38.3% for the twelve months ended March 31, 2025, compared to 37.4% in the previous year[18] - Free cash flow as a percentage of revenue (non-GAAP) was 10.7% for the twelve months ended March 31, 2025, up from 5.6% in 2024[18] - The company invested $3.8 billion in R&D and SG&A, and $4.7 billion in capital expenditures over the past 12 months[2] - Capital expenditures for the twelve months ended March 31, 2025, were $4,695 million, down from $5,337 million in 2024[18] Shareholder Returns - Dividends paid in the trailing 12 months totaled $4.85 billion, with stock repurchases amounting to $1.58 billion, marking a 718% increase year-over-year[6] - Total cash returned to shareholders in the trailing 12 months was $6.43 billion, a 34% increase from the previous year[6] Future Guidance - TI plans for Q2 2025 revenue guidance between $4.17 billion and $4.53 billion, with earnings per share expected between $1.21 and $1.47[2] - The effective tax rate for Q2 2025 is expected to be around 12% to 13%[2] Market and Product Focus - The company emphasizes the importance of market demand for semiconductors, particularly in the industrial and automotive sectors[22] - The company is focused on developing innovative products and maintaining competitive pricing in a rapidly changing technological environment[22] - Texas Instruments is committed to creating affordable electronics through advancements in semiconductor technology[23] Segment Performance - Analog segment revenue increased by 13% to $3.21 billion, while Embedded Processing revenue decreased by 1% to $647 million[15] - Proceeds from CHIPS Act incentives amounted to $260 million for the twelve months ended March 31, 2025[18]

Core Viewpoint - Texas Instruments Incorporated (TI) reported strong financial results for Q1 2025, with revenue of $4.07 billion, net income of $1.18 billion, and earnings per share of $1.28, reflecting an 11% year-over-year revenue growth and a 7% increase in net income [1][2][6]. Financial Performance - Revenue for Q1 2025 was $4,069 million, up from $3,661 million in Q1 2024, marking an 11% increase [2]. - Operating profit increased by 3% to $1,324 million compared to $1,286 million in the same quarter last year [2]. - Net income rose to $1,179 million, a 7% increase from $1,105 million in Q1 2024 [2]. - Earnings per share improved to $1.28, up from $1.20, also a 7% increase [2]. Cash Flow and Returns - Cash flow from operations for the trailing 12 months was $6,150 million, slightly down from $6,277 million year-over-year [2]. - Free cash flow for Q1 2025 was reported at $(14) million, a significant decrease from $1,715 million in Q1 2024 [2][10]. - Total cash returned to shareholders in the trailing 12 months was $6.43 billion, which includes $4.85 billion in dividends and $1.58 billion in stock repurchases, reflecting a 34% increase in total cash returned [3][6]. Segment Performance - The Analog segment generated revenue of $3,210 million, a 13% increase from $2,836 million in Q1 2024, with operating profit rising by 20% [9]. - The Embedded Processing segment saw a slight decline in revenue to $647 million, down 1% from $652 million, with a significant drop in operating profit by 62% [9]. - Other segments reported revenue of $212 million, up 23% from $173 million, but operating profit decreased by 55% [9]. Future Outlook - TI's guidance for Q2 2025 anticipates revenue between $4.17 billion and $4.53 billion, with earnings per share expected to range from $1.21 to $1.47 [6]. - The effective tax rate for the second quarter is projected to be around 12% to 13% [6].

Core Viewpoint - Texas Instruments (TXN) is expected to report first-quarter 2025 results on April 23, with anticipated earnings per share between 94 cents and $1.16, reflecting a year-over-year decline of 11.7% from the Zacks Consensus Estimate of $1.06 per share [1][2] Financial Performance Expectations - The company forecasts revenues between $3.74 billion and $4.06 billion for the first quarter, with the Zacks Consensus Estimate at $3.91 billion, indicating a growth of 6.7% compared to the previous year's figure [2] - TXN has consistently surpassed the Zacks Consensus Estimate in the last four quarters, with an average surprise of 8.9% [2] Market Influences - The U.S.-China trade war and tariff hikes are expected to negatively impact Texas Instruments' performance, as China accounted for over 20% of its annual revenues in 2024 [3] - Softness in the industrial and automotive end markets, which contribute to 70% of annual revenues, is likely to adversely affect results [3] Cost Factors - Rising manufacturing costs due to planned capacity expansions and decreased factory loadings are anticipated to be significant headwinds for the company in the upcoming quarter [4] - The company is increasing its Lehi factory in Utah, which will incur additional costs [4] Segment Performance - A declining demand environment, primarily due to customers reducing inventory, is expected to negatively impact the Analog and Embedded Processing segments during the fourth quarter [5] Long-term Opportunities - Texas Instruments is expected to benefit from a recent grant under the U.S. government's CHIPS Act program, although the impact will be long-term and not reflected in the upcoming quarter's earnings [6]

Company Overview - Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures, and sells analog and embedded processing chips for various markets including industrial, automotive, personal electronics, enterprise systems, and communications equipment [2] - The company aims to create a better world by making electronics more affordable through semiconductors, focusing on innovation to enhance reliability, affordability, and energy efficiency [2] Financial Highlights - The board of directors declared a quarterly cash dividend of $1.36 per share of common stock, which will be payable on May 13, 2025, to stockholders of record on April 30, 2025 [1]

Core Insights - Texas Instruments (TXN) is expected to report quarterly earnings of $1.06 per share, reflecting a year-over-year decline of 11.7% [1] - Anticipated revenues are projected to be $3.91 billion, indicating a 6.7% increase compared to the same quarter last year [1] Earnings Estimates - There has been no revision in the consensus EPS estimate over the last 30 days, suggesting stability in analysts' forecasts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong link between earnings estimate trends and short-term stock price movements [3] Revenue Projections - Analysts estimate 'Revenue- Other' at $213.26 million, representing a year-over-year increase of 23.3% [5] - The consensus for 'Revenue- Embedded Processing' is $608.48 million, indicating a decline of 6.7% from the prior year [5] - 'Revenue- Analog' is expected to reach $3.08 billion, reflecting an 8.6% increase from the year-ago quarter [5] Operating Profit Estimates - 'Operating Profit- Analog' is projected to be $1.10 billion, up from $1.01 billion in the same quarter last year [6] - 'Operating Profit- Other' is expected to be -$56.92 million, a significant decrease from the $173 million reported in the same quarter last year [6] - 'Operating Profit- Embedded Processing' is estimated at $90.08 million, down from $105 million in the same quarter last year [7] Stock Performance - Texas Instruments shares have decreased by 19.4% over the past month, compared to a 6.3% decline in the Zacks S&P 500 composite [8] - The company holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the overall market in the near future [8]

Core Insights - Texas Instruments (TI) has launched a new portfolio of automotive lidar, clock, and radar chips aimed at enhancing vehicle safety and enabling more autonomous features across a broader range of vehicles [1][2][3] Group 1: Lidar Technology - The LMH13000 is the industry's first integrated high-speed lidar laser driver, featuring an ultra-fast rise time of 800ps, which allows for up to 30% longer distance measurements compared to discrete solutions [3] - The LMH13000 supports an average 30% reduction in system costs and reduces solution size by four times, facilitating the integration of compact lidar modules in various vehicle models [3] - The device maintains a 2% variation in output current across a temperature range of -40C to 125C, ensuring compliance with Class 1 U.S. FDA eye safety standards [3] Group 2: Clock Technology - TI's new CDC6C-Q1 oscillator and LMK3H0102-Q1 and LMK3C0105-Q1 clock generators utilize BAW technology, increasing reliability by 100 times compared to traditional quartz-based clocks, with a failure-in-time rate of 0.3 [4] - Enhanced clocking precision and resilience in harsh conditions contribute to safer operation and improved data communication across next-generation vehicle subsystems [4] Group 3: Radar Technology - The AWR2944P radar sensor enhances vehicle safety by extending detection range, improving angular accuracy, and enabling sophisticated processing algorithms [5] - Key improvements in the AWR2944P include an enhanced signal-to-noise ratio, increased computational capabilities, larger memory capacity, and an integrated radar hardware accelerator for machine learning applications [5] Group 4: Availability and Future Developments - Preproduction quantities of the new products are available for purchase, with additional output current options and an automotive-qualified version of the LMH13000 expected in 2026 [7]

Company Overview - Texas Instruments (TXN) shares increased by 16.1% to $169.50 in the last trading session, following a broader market rally after US President Donald Trump's announcement to pause reciprocal tariffs for 90 days [1] - The stock had previously experienced a 17.7% loss over the past four weeks [1] Earnings Expectations - Texas Instruments is expected to report quarterly earnings of $1.06 per share, reflecting a year-over-year decline of 11.7% [2] - Revenue is anticipated to be $3.91 billion, which represents a 6.7% increase from the same quarter last year [2] Stock Performance Insights - The consensus EPS estimate for Texas Instruments has remained unchanged over the last 30 days, indicating a lack of upward momentum in earnings estimate revisions [3] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [3] Industry Context - Texas Instruments is part of the Zacks Semiconductor - General industry, where STMicroelectronics (STM) also operates [3] - STMicroelectronics saw a significant increase of 21.5% in its stock price, closing at $21.60, despite a 28.7% decline over the past month [3] - STMicroelectronics' consensus EPS estimate has remained unchanged at $0.05, representing a substantial year-over-year decline of 90.7% [4] - STMicroelectronics currently holds a Zacks Rank of 2 (Buy), indicating a more favorable outlook compared to Texas Instruments [4]

In the latest market close, Texas Instruments (TXN) reached $154, with a +1.72% movement compared to the previous day. This move outpaced the S&P 500's daily loss of 0.23%. Meanwhile, the Dow lost 0.91%, and the Nasdaq, a tech-heavy index, added 0.1%.The chipmaker's stock has dropped by 20.54% in the past month, falling short of the Computer and Technology sector's loss of 16.18% and the S&P 500's loss of 12.13%.Investors will be eagerly watching for the performance of Texas Instruments in its upcoming earn ...

Core Viewpoint - Texas Instruments Incorporated (TI) will host a webcast for its first quarter 2025 earnings conference call on April 23, 2025, at 3:30 p.m. Central time, where key executives will discuss financial results and address investor questions [1]. Company Overview - Texas Instruments is a global semiconductor company that specializes in designing, manufacturing, and selling analog and embedded processing chips for various markets, including industrial, automotive, personal electronics, enterprise systems, and communications equipment [3]. - The company's mission is to create a better world by making electronics more affordable through semiconductors, focusing on innovation that enhances reliability, affordability, and energy efficiency [3].