TI reports first quarter 2025 financial results and shareholder returns

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].