Texas Instruments (TI) has announced its financial results for the third quarter, reporting revenue of $4.74 billion, net income of $1.36 billion, and earnings per share (EPS) of $1.48. The EPS included a 10-cent reduction that was not part of the company’s initial guidance.
TI President and CEO Haviv Ilan highlighted that the company achieved a 7 percent sequential increase in revenue and a 14 percent rise compared to the same period last year, with growth recorded across all end markets.
Ilan emphasized that cash flow from operations over the past 12 months reached $6.9 billion, reflecting the strength of the company’s business model, its broad product portfolio, and the efficiency gains from 300mm manufacturing. Free cash flow for the same period totaled $2.4 billion.
During the last year, TI invested $3.9 billion in research and development as well as selling, general, and administrative expenses. The company also allocated $4.8 billion to capital expenditures and returned $6.6 billion to shareholders through dividends and stock repurchases.
Looking ahead, TI expects fourth-quarter revenue to range between $4.22 billion and $4.58 billion, with projected earnings per share between $1.13 and $1.39.
Original – Texas Instruments