Texas Instruments Reports Strong Second Quarter Earnings for 2023
August 8, 2023
☀️Earnings Overview
TEXAS INSTRUMENTS ($NASDAQ:TXN) reported on June 30, 2023 that their earnings results for the second quarter of fiscal year 2023 showed total revenue of USD 4.5 billion, a 13.1% decrease from the same quarter in the prior year. Net income was also down 24.9%, amounting to USD 1.7 billion.
Price History
The company’s stock opened at $185.0 and closed at $186.1, up by 1.2% from its last closing price of 183.9. This marks a major milestone for the company as it continues to innovate and expand its offerings. TI’s earnings report showed strong growth year-over-year and also beat Wall Street consensus estimates. This was mainly driven by increasing demand for its products and services. The strong performance is attributed to TI’s ongoing commitment to innovation and focus on customer satisfaction.
In addition, TI’s strategic investments into research and development have enabled the company to develop new and advanced products that are designed to meet customer needs and preferences. This, coupled with its focus on creating a differentiated customer experience, has enabled the company to continue to grow its market share and maintain its position in the sector. Overall, TI’s second quarter earnings report is a positive sign for the future of the company as it continues to innovate and make strategic investments for long-term growth. With continued focus on customer satisfaction and product development, TI is well-positioned to continue its successful run and become an even more dominant player in the sector. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Texas Instruments. More…
| Total Revenues | Net Income | Net Margin |
| 18.82k | 7.65k | 41.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Texas Instruments. More…
| Operations | Investing | Financing |
| 7.37k | -5.5k | -2.23k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Texas Instruments. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 30.94k | 15k | 17.56 |
Key Ratios Snapshot
Some of the financial key ratios for Texas Instruments are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.2% | 16.9% | 48.0% |
| FCF Margin | ROE | ROA |
| 16.9% | 36.2% | 18.3% |
Analysis
At GoodWhale, we have been diligently analyzing the fundamentals of TEXAS INSTRUMENTS. After careful consideration, we have determined that TEXAS INSTRUMENTS is a low risk investment in terms of its financial and business aspects. Our Risk Rating has given it a good score based on the analysis. However, we have identified two risk warnings in income sheet and balance sheet of TEXAS INSTRUMENTS which could potentially affect its performance. We encourage you to visit our website at goodwhale.com and register to access more information on the said risk warnings. Do take the time to consider these risks before making an investment decision as they may impact your returns. More…
Peers
Texas Instruments Inc is one of the leading semiconductor companies in the world. Its competitors include SK Hynix Inc, Silergy Corp, and SPEL Semiconductor Ltd. Texas Instruments has a wide range of semiconductor products that are used in a variety of electronic devices.
– SK Hynix Inc ($KOSE:000660)
SK Hynix Inc is a South Korean company that manufactures and markets semiconductor memory products. The company has a market capitalization of $63.88 trillion as of 2022 and a return on equity of 15.68%. SK Hynix is the world’s second-largest manufacturer of dynamic random-access memory (DRAM) chips and the fifth-largest manufacturer of NAND flash memory chips. The company’s products are used in a variety of electronic devices, including computers, mobile phones, digital cameras, and game consoles.
– Silergy Corp ($TWSE:6415)
Silergy Corp is a global leader in the development and manufacture of high-performance, energy-efficient semiconductor solutions. The company’s products are used in a variety of applications, including mobile devices, computing, networking, and storage. Silergy Corp has a market cap of 159.26B as of 2022, a Return on Equity of 18.65%. The company’s products are used in a variety of applications, including mobile devices, computing, networking, and storage.
– SPEL Semiconductor Ltd ($BSE:517166)
SPEL Semiconductor Ltd is a fabless semiconductor company that designs, develops, and markets analog and mixed-signal integrated circuits (ICs) for a range of applications in the automotive, industrial, consumer, and computing markets. The company has a market cap of 2.66B as of 2022 and a Return on Equity of -6.07%. SPEL’s products include power management ICs, audio ICs, motor control ICs, and LED driver ICs. The company was founded in 1995 and is headquartered in Noida, India.
Summary
Investors were disappointed by Texas Instruments’ second quarter of fiscal year 2023, with total revenue falling 13.1% year-over-year and net income declining 24.9%. Despite this, many analysts maintain that Texas Instruments remains well-positioned for the future and are projecting growth in the coming quarters. Long-term investors may want to consider buying on dips as the company works to regain momentum.
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