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A cold wave? Texas Instruments has a low outlook for 2024Q1
Former Texas Instruments reported 2023Q4 revenue of $4.08 billion, down 10 per cent from the previous quarter and 13 per cent from the same period last year; net profit was $1.37 billion and earnings per share were $1.49; operating profit was $1.5 billion, or 38 per cent of revenue, down 30 per cent from the same period last year.
By business, revenue from Texas Instruments' simulation business was $3.558 billion, down 5% from the same period last year; revenue from embedded processing was $837 million, up 10% from the same period last year; and revenue from other businesses was $275 million, down 11% from the same period last year.
In 2023, the company's operating cash flow was $6.4 billion, once again highlighting the strength of our business model, the quality of our product portfolio and the advantages of 300mm simulation production.
Free cash flow for the same period was $1.3 billion. "
"over the past 12 months, the company has invested $3.7 billion in R & D (research and development) and SG&A (sales, general and administrative expenses), invested $5.1 billion in capital expenditure, and returned $4.9 billion to shareholders through dividends and share buybacks," said Harwif Ylang, president and CEO of Texas Instruments.
European car sales fell in December for the first time in nearly 17 months because of slowing demand for electric cars, as carmakers prepare for a slowdown in sales growth in 2024, Bloomberg reported.
The cold wave in demand for electric cars has also spread to upstream parts manufacturers.
Texas Instruments expects expected revenue for the first quarter of this year to be between $3.45 billion and $3.75 billion, and earnings per share between $0.96 and $1.16 per share.
By business, revenue from Texas Instruments' simulation business was $3.558 billion, down 5% from the same period last year; revenue from embedded processing was $837 million, up 10% from the same period last year; and revenue from other businesses was $275 million, down 11% from the same period last year.
In 2023, the company's operating cash flow was $6.4 billion, once again highlighting the strength of our business model, the quality of our product portfolio and the advantages of 300mm simulation production.
Free cash flow for the same period was $1.3 billion. "
"over the past 12 months, the company has invested $3.7 billion in R & D (research and development) and SG&A (sales, general and administrative expenses), invested $5.1 billion in capital expenditure, and returned $4.9 billion to shareholders through dividends and share buybacks," said Harwif Ylang, president and CEO of Texas Instruments.
European car sales fell in December for the first time in nearly 17 months because of slowing demand for electric cars, as carmakers prepare for a slowdown in sales growth in 2024, Bloomberg reported.
The cold wave in demand for electric cars has also spread to upstream parts manufacturers.
Texas Instruments expects expected revenue for the first quarter of this year to be between $3.45 billion and $3.75 billion, and earnings per share between $0.96 and $1.16 per share.