Texas Instruments First Quarter 2024 Earnings: Beats Expectations

Texas Instruments (NASDAQ:TXN) First Quarter 2024 Results

Key Financial Results

• Revenue: US$3.66b (down 16% from 1Q 2023).
• Net income: US$1.11b (down 35% from 1Q 2023).
• Profit margin: 30% (down from 39% in 1Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$1.21 (down from US$1.87 in 1Q 2023).

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

Texas Instruments Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 5.5% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Texas Instruments (including 1 which is a bit unpleasant).

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