TI reports third quarter 2020 financial results and shareholder returns

Conference call on TI website at 3:30 p.m. Central time today

DALLAS, Oct. 20, 2020 — (PRNewswire) — Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported third quarter revenue of $3.82 billion, net income of $1.35 billion and earnings per share of $1.45.

Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman, president and CEO, made the following comments:

  • "Revenue increased 18% sequentially with notable strength from the rebound of automotive demand and growing demand from personal electronics. Revenue increased 1% from the same quarter a year ago.
  • "In our core businesses, Analog revenue grew 18% and Embedded Processing grew 19% sequentially. From a year ago, Analog revenue grew 7% and Embedded Processing declined 10%.
  • "Our cash flow from operations of $5.8 billion for the trailing 12 months again underscored the strength of our business model. Free cash flow for the same period was $5.2 billion and 38% of revenue. This reflects the quality of our product portfolio, as well as the efficiency of our manufacturing strategy, including the benefit of 300-millimeter Analog production.
  • "We have returned $6.4 billion to owners in the past 12 months through stock repurchases and dividends. Over the same period, our dividends represented 64% of free cash flow, underscoring their sustainability. In September, we announced we would increase our dividend by 13%. Together, our stock repurchases and dividends reflect our continued commitment to return all free cash flow to our owners.
  • "TI's fourth quarter outlook is for revenue in the range of $3.41 billion to $3.69 billion, and earnings per share between $1.20 and $1.40."

Free cash flow, a non-GAAP financial measure, is cash flow from operations less capital expenditures.

Earnings summary

Amounts are in millions of dollars, except per-share amounts.


Q3 2020


Q3 2019


Change

Revenue

$

3,817


$

3,771


1%

Operating profit

$

1,609


$

1,589


1%

Net income

$

1,353


$

1,425


(5)%

Earnings per share

$

1.45


$

1.49


(3)%

 

Cash generation

Amounts are in millions of dollars.




Trailing 12 Months


Q3 2020


Q3 2020


Q3 2019


Change

Cash flow from operations

$

1,443


$

5,768


$

7,040


(18)%

Capital expenditures

$

146


$

600


$

1,007


(40)%

Free cash flow

$

1,297


$

5,168


$

6,033


(14)%

Free cash flow % of revenue



37.6%


40.9%




1 | 2  Next Page »



Review Article Be the first to review this article
Aldec


Featured Video
Latest Blog Posts
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Functional Safety and Security in Embedded Systems
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
Phil Kaufman Award Goes on Hiatus for 2020
Colin WallsEmbedded Software
by Colin Walls
Why develop embedded software bottom up?
Jobs
Wireless ASIC Design Engineer for Apple Inc at Cupertino, California
Test Engineer for Marvell Semiconductor at Santa Clara, California
Product Line Manager for EDA Careers at Multiple, North Carolina
IC Design Engineer - SoC Integration for Xilinx at San Jose, California
Senior Analog IC Design Engineer for Marvell Semiconductor at Santa Clara, California
Senior Application Engineer Formal Verification for EDA Careers at California or Austin, California
Upcoming Events
Accellera Day India 2020 at Online Event India - Dec 2 - 3, 2020
RISC-V Summit 2020. at United States - Dec 7 - 10, 2020
SEMICON Japan 2020 Goes Virtual at Japan - Dec 11 - 18, 2020
IPC APEX EXPO 2021 at San Diego Convention Center san diego - Mar 6 - 11, 2021
Verific: SystemVerilog & VHDL Parsers
TrueCircuits:



© 2020 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise