Texas Instruments Shares Surge On Solid Q2 Results, Guides Q3 Revenue Above Consensus

Texas Instruments Shares Surge On Solid Q2 Results, Guides Q3 Revenue Above Consensus
  • Texas Instruments Incorporated TXN reported second-quarter revenue growth of 14% year-over-year to $5.21 billion, beating the consensus of $4.61 billion.
  • EPS improved by 20% Y/Y to $2.45, beating the consensus of $2.12.
  • Gross margin expanded by 237 bps to 69.6%.
  • The operating profit improved by 23.1% Y/Y to $2.72 billion, and the margin expanded 393 bps to 52.2%.
  • TXN’s Cash flow from operations for the trailing 12 months totaled $8.69 billion (+15% Y/Y). Free cash flow for the same period was $5.9 billion and 30.1% of revenue.
  • 3Q22 Outlook: Texas Instruments expects revenue of $4.90 billion to $5.30 billion, vs. a consensus of $4.62 billion, and earnings per share of $2.23 and $2.51. vs. a consensus of $2.26.
  • Price Action: TXN shares are trading higher by 4.09% at $167.42 during the post-market session on Tuesday.
  • Photo via Wikimedia Commons

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