NASDAQ$TXN

Texas Instruments Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Texas Instruments reported Q4 2021 financial results with revenue increasing due to strong demand in industrial and automotive markets and returned cash to shareholders through dividends and stock repurchases.

Texas Instruments reported a strong fourth quarter with revenue increasing 19% year-over-year, driven by demand in the industrial and automotive markets. The company's analog revenue grew 20%, and embedded processing grew 6%. TI returned $4.4 billion to owners in 2021 through dividends and stock repurchases.

  • Revenue increased 19% from the same quarter a year ago driven by strong demand in industrial and automotive markets.
  • Analog revenue grew 20% and Embedded Processing grew 6% from the year-ago quarter.
  • Returned $4.4 billion to owners in 2021 through dividends and stock repurchases.
  • First quarter outlook is for revenue in the range of $4.50 billion to $4.90 billion and earnings per share between $2.01 and $2.29.

Headline financials

Total Revenue

$4.83B

Previous: $4.08B+18.5%
EPS (adj)

$2.27

Previous: $1.80+26.1%
FCF % of Revenue

34.3%

No prior period
Capital Expenditures

$1.28B

Previous: $212M+504.7%
Free Cash Flow

$1.08B

Previous: $1.91B-43.8%
Net Income

$2.14B

Previous: $1.69B+26.8%
Operating Income

$2.5B

Previous: $1.81B+38.1%
Gross Profit

$3.35B

Previous: $2.65B+26.6%
Cash & Equivalents

$4.63B

Previous: $3.11B+49.1%
Total Assets

$24.7B

Previous: $19.4B+27.5%
Stock-Based Comp

$50M

Previous: $42M+19.0%

Revenue & EPS history

Texas Instruments · Revenue · Quarterly

$4.83B

Q4 2021+18.5%vs Q4 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Texas Instruments · $4.83B total across 3 segments · Q4 2021

  • Analog
    $3.76B+20.2%
  • Embedded Processing
    $764M+6.1%
  • Other
    $310M+35.4%

Forward guidance

TI's first quarter outlook is for revenue in the range of $4.50 billion to $4.90 billion and earnings per share between $2.01 and $2.29. We expect our 2022 annual operating tax rate to be about 14%.

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 Q4 2021

Historical avgQ4 2021

-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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