NASDAQ$TXN

Texas Instruments Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported third quarter revenue, net income, and earnings per share with revenue increasing sequentially and year-over-year.

Texas Instruments reported Q3 2020 financial results with revenue of $3.82 billion, net income of $1.35 billion, and earnings per share of $1.45. Revenue increased 18% sequentially and 1% year-over-year, driven by strength in automotive and personal electronics demand. The company returned $6.4 billion to owners in the past 12 months through stock repurchases and dividends.

  • Revenue increased 18% sequentially with notable strength from the rebound of automotive demand and growing demand from personal electronics.
  • Revenue increased 1% from the same quarter a year ago.
  • Analog revenue grew 18% and Embedded Processing grew 19% sequentially.
  • Analog revenue grew 7% and Embedded Processing declined 10% from a year ago.

Headline financials

Total Revenue

$3.82B

Previous: $3.77B+1.2%
EPS (adj)

$1.45

Previous: $1.49-2.7%
FCF % of Revenue

37.6%

Previous: 40.9%-8.1%
Capital Expenditures

-$437M

Previous: -$684M+36.1%
Free Cash Flow

$916M

Previous: $741M+23.6%
Net Income

$1.35B

Previous: $1.43B-5.1%
Operating Income

$1.61B

Previous: $1.59B+1.3%
Gross Profit

$2.45B

Previous: $2.45B+0.3%
Cash & Equivalents

$2.82B

Previous: $3.89B-27.5%
Total Assets

$18.2B

Previous: $18B+1.2%
Stock-Based Comp

$50M

Previous: $48M+4.2%

Revenue & EPS history

Texas Instruments · Revenue · Quarterly

$3.82B

Q3 2020+1.2%vs Q3 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Texas Instruments · $3.82B total across 3 segments · Q3 2020

  • Analog
    $2.87B+7.1%
  • Embedded Processing
    $651M-10.1%
  • Other
    $301M-19.3%

Forward guidance

TI’s fourth quarter outlook is for revenue in the range of $3.41 billion to $3.69 billion, and earnings per share between $1.20 and $1.40.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

-0.1%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+1.8%

Avg return

30 days after

48%

35 / 73 earnings

Positive

+10.8%

Q3 2015

Best reaction

-9.1%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.3%+12.1%+31.0%
Q4 2025+1.1%+14.4%+7.9%
Q3 2025+2.9%-6.3%-11.9%
Q2 2025-1.0%-4.5%+5.8%
Q1 2025+6.6%+5.7%+15.9%
Q4 2024-7.5%-10.1%+0.7%
Q3 2024+3.0%+5.7%+1.2%
Q2 2024-3.7%-1.9%-1.0%
Q1 2024+7.0%+8.6%+20.7%
Q4 2023-2.7%-6.1%-5.4%
Q3 2023-3.1%-2.2%+5.2%
Q2 2023-4.3%-3.0%-10.0%
Q1 2023-6.5%-4.9%-3.6%
Q4 2022-1.8%-1.6%-3.6%
Q3 2022-2.3%-0.2%+10.7%
Q2 2022+5.1%+9.6%+8.6%
Q1 2022-2.6%-2.1%+0.1%
Q4 2021-0.0%-0.6%-4.9%
Q3 2021-6.5%-6.4%-3.3%
Q2 2021-2.1%+0.3%-1.5%
Q1 2021-5.0%-5.7%-1.2%
Q4 2020-5.8%-4.2%-1.4%
Q3 2020-3.1%-0.5%+4.3%
Q2 2020-3.0%-5.1%+1.5%
Q1 2020+0.4%+2.2%+1.7%
Q4 2019+2.6%-3.5%-1.8%
Q3 2019-9.1%-8.0%-11.3%
Q2 2019+9.2%+8.4%+5.9%
Q1 2019+3.0%+2.0%-7.9%
Q4 2018+5.7%+6.3%+11.1%
Q3 2018-7.7%-9.2%-3.6%
Q2 2018-1.3%-1.8%-2.0%
Q1 2018+5.0%+4.5%+12.9%
Q4 2017-8.2%-4.8%-13.0%
Q3 2017-0.4%+1.3%+1.9%
Q2 2017+2.0%-0.3%+0.4%
Q1 2017+0.0%-2.3%-0.4%
Q4 2016+3.8%+3.0%+1.9%
Q3 2016-0.7%-0.5%+4.5%
Q2 2016+9.1%+6.5%+6.7%
Q1 2016-1.2%
Q4 2015+0.8%
Q3 2015+10.8%
Q2 2015+0.6%
Q1 2015-5.9%
Q4 2014-0.4%
Q3 2014+7.1%
Q2 2014+0.6%
Q1 2014+4.0%
Q4 2013+2.7%
Q3 2013-1.1%
Q2 2013+4.5%
Q1 2013+4.2%
Q4 2012-1.3%
Q3 2012+0.1%
Q2 2012-2.5%
Q1 2012-3.4%
Q4 2011-0.6%
Q3 2011+1.3%
Q2 2011-6.2%
Q1 2011+1.2%
Q4 2010+0.5%
Q3 2010+4.9%
Q2 2010+0.9%
Q1 2009-2.1%
Q1 2010+0.1%
Q4 2007+0.1%
Q4 2009+0.1%
Q3 2008-2.0%
Q3 2009-2.0%
Q2 2009-0.2%
Q4 2008-0.2%
Q2 2008-0.2%

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