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Texas Instruments Incorporated (NASDAQ:TXN) Q2 2023 Earnings Conference Call July 25, 2023 4:30 PM ET Company Participants Dave Pahl - Vice President, Investor Relations Rafael Lizardi - Senior Vice President and Chief Financial Officer Conference Call Participants Vivek Arya - Bank of America Securities Toshiya Hari - Goldman Sachs Stacy Rasgon - Bernstein Research Christopher Danely - Citi Harlan Sur - JPMorgan Blayne Curtis - Barclays Joshua Buchalter - TD Cowen Chris Caso - Wolfe Research Dave Pahl Welc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-03761 TEXAS INSTRUMENTS INCORPORATED (Exact Name of Registrant as Specified in Its Charter) Delaware 75-0289970 (State ...

Texas Instruments Incorporated (NASDAQ:TXN) Conference Call Summary Company Overview - **Company**: Texas Instruments Incorporated (TI) - **Event**: Bernstein's 39th Annual Strategic Decisions Conference - **Date**: June 1, 2023 - **Participants**: - Dave Pahl - Vice President, Investor Relations - Haviv Ilan - President and Chief Executive Officer - Rafael Lizardi - Senior Vice President and Chief Financial Officer - Stacy Rasgon - Bernstein Research Analyst Key Points Industry and Market Dynamics - TI is experiencing a shift in market dynamics, with a focus on capital expenditures (CapEx) and investment plans that differ from previous years, indicating a new phase in the company's evolution [3][7] - The semiconductor industry is witnessing synchronous market behavior across various sectors, including personal electronics, industrial, and automotive, with TI observing market trends earlier than competitors [10][11] Financial Performance and Strategy - TI's revenue from industrial and automotive sectors has grown significantly, from 42% in 2013 to 65% in 2022, with an annual growth rate of nearly 11% [30][31] - The company aims for a long-term revenue target of $45 billion by the end of the decade, supported by a growth strategy of approximately 10% [37][38] - CapEx is projected to ramp up to about $5 billion annually from 2023 to 2026, reflecting TI's commitment to expanding capacity [47][48] Inventory Management - TI is adopting a proactive inventory strategy, aiming to maintain higher inventory levels to meet future demand and avoid supply shortages, as experienced during the pandemic [21][24] - The company emphasizes a customer-friendly approach, avoiding non-cancelable orders to better align with customer needs [14][15] Embedded and Analog Business - TI is investing heavily in its embedded processing business, which includes microcontrollers and real-time control systems, indicating confidence in future growth despite historical underperformance [66][70] - The average selling price (ASP) for TI's products ranges from below $0.03 to tens of dollars, with a current average ASP around $0.35 to $0.40 [75][76] Automotive Sector Focus - The automotive segment, which constitutes about 25% of TI's total revenues, is identified as a key growth area, particularly with the rise of electric vehicles (EVs) [77] - TI's strategy includes a broad approach to automotive applications, focusing on multiple sockets and components rather than just high-value items [77][81] Long-term Investments and CHIPS Act - TI's investment strategy is bolstered by the CHIPS Act, which provides tax credits and subsidies, enhancing competitiveness in the semiconductor market [55][58] - The company is positioning itself to benefit from potential geopolitical shifts in semiconductor manufacturing, emphasizing the importance of U.S.-based capacity [59][62] Conclusion - TI is navigating a transformative period with strategic investments in CapEx, inventory management, and a focus on high-growth sectors like automotive and embedded processing. The company's long-term vision is supported by a robust market position and proactive measures to address future demand and supply chain challenges.

Texas Instruments Incorporated (NASDAQ:TXN) Q1 2023 Earnings Conference Call April 25, 2023 4:30 PM ET Company Participants Dave Pahl - Vice President, Investor Relations Rafael Lizardi - Senior Vice President and Chief Financial Officer Conference Call Participants Stacy Rasgon - Bernstein Research Vivek Arya - Bank of America Securities Timothy Arcuri - UBS Ambrish Srivastava - BMO Capital Markets Ross Seymore - Deutsche Bank Christopher Danely - Citi Joseph Moore - Morgan Stanley C.J. Muse - Evercore ISI ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-03761 TEXAS INSTRUMENTS INCORPORATED (Exact Name of Registrant as Specified in Its Charter) Delaware 75-0289970 (State ...

Texas Instruments Incorporated (NASDAQ:TXN) Morgan Stanley Technology, Media & Telecom Conference March 7, 2023 12:50 PM ET Company Participants Joe Moore - Semiconductor Industry Analyst Conference Call Participants Dave Pahl - VP, IR Rafael Lizardi - CFO Joe Moore Great. Welcome back. I'm Joe Moore. I'm very happy to have with us here today the management team of Texas Instruments. Rafael Lizardi, CFO; and Dave Pahl who runs Investor Relations. Just a quick research hedge for important disclosures, please ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-03761 TEXAS INSTRUMENTS INCORPORATED (Exact Name of Registrant as Specified in Its Charter) Delaware 75-0289970 (State of I ...

Texas Instruments Incorporated (NASDAQ:TXN) Q4 2022 Earnings Conference Call January 24, 2023 4:30 PM ET Company Participants Dave Pahl – Head-Investor Relations Rafael Lizardi – Chief Financial Officer Conference Call Participants Chris Caso – Credit Suisse Chris Danely – Citi Toshiya Hari – Goldman Sachs Harlan Sur – JPMorgan Timothy Arcuri – UBS Ambrish Srivastava – BMO Capital Markets Joshua Buchalter – Cowen Dave Pahl Welcome to the Texas Instruments' Fourth Quarter 2022 Earnings Release Conference Cal ...