Texas Instruments Q1 Earnings: EPS Beat, Revenue Beat Despite Decline Across All End Markets
Portfolio Pulse from Adam Eckert
Texas Instruments Inc (NASDAQ:TXN) reported Q1 earnings with a revenue of $3.66 billion and EPS of $1.20, both surpassing analyst estimates despite a decline across all end markets. Year-over-year revenue dropped 16%, and sequentially by 10%. The company's cash flow from operations was $6.3 billion for the trailing 12 months, with free cash flow at $940 million. For Q2, TXN expects revenue between $3.65 billion and $3.95 billion, and EPS between $1.05 and $1.25, compared to estimates of $3.77 billion and $1.16 per share, respectively. Shares rose 5.43% after hours to $174.40.
April 23, 2024 | 8:29 pm
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Texas Instruments reported higher than expected Q1 earnings and revenue, with a positive outlook for Q2, leading to a 5.43% increase in shares after hours.
The positive earnings report and revenue beat, coupled with a favorable Q2 outlook, directly impact investor sentiment and TXN's stock price. The after-hours share price increase of 5.43% reflects immediate market reaction to the positive news, indicating a likely short-term positive impact on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100