Texas Instruments Third Quarter 2024 Earnings: EPS Beats Expectations

Texas Instruments (NASDAQ:TXN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$4.15b (down 8.4% from 3Q 2023).
• Net income: US$1.36b (down 20% from 3Q 2023).
• Profit margin: 33% (down from 38% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$1.49 (down from US$1.87 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Texas Instruments EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.1%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 1.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Texas Instruments (1 makes us a bit uncomfortable!) that we have uncovered.

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