Texas Instruments Stock Slips Post Q1 Results, China Restrictions Impacting Q2 Outlook

  • Texas Instruments Incorporated TXN reported first-quarter revenue growth of 14% year-over-year to $4.91 billion, beating the consensus of $4.74 billion.
  • Gross margin expanded by 496 bps to 70.2%.
  • The operating profit improved by 32.2% Y/Y to $2.56 billion, and the margin expanded 704 bps to 52.3%.
  • EPS improved 26% Y/Y to $2.35, beating the consensus of $2.18.
  • TXN’s Cash flow from operations for the trailing 12 months totaled $9.1 billion. Free cash flow for the same period was $6.5 billion and 34% of revenue.
  • 2Q22 Outlook: Texas Instruments expects revenue of $4.20 billion to $4.80 billion, vs. a consensus of $4.94 billion, and earnings per share of $1.84 to $2.26, vs. a consensus of $2.27.
  • The company states that this outlook comprehends an impact due to reduced demand from COVID-19 restrictions in China.
  • Price Action: TXN shares are trading lower by 5.01% at $160 during the post-market session on Tuesday.
Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceMoversTrading IdeasBriefswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!