TI(US:TXN)2025-04-23 20:04Financial 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]