Texas Instruments Shares Drops 3% on Weak Q4 Results & Guidance
Texas Instruments Shares Drops 3% on Weak Q4 Results & Guidance

Texas Instruments Shares Drops 3% on Weak Q4 Results & Guidance

Jan. 24, 2024, 12:39 p.m., readers: 13

Texas Instruments (NASDAQ:TXN) saw its shares drop over 3% intra-day today, following a Q4 report that fell short of analysts' revenue and guidance expectations. The semiconductor manufacturer reported an EPS of $1.49 for the fourth quarter, a decrease from $2.13 in the same period last year. Its revenue for the quarter was $4.08 billion, representing a 13% year-over-year decline and falling below the consensus estimate of $4.13 billion. The company's Analog segment generated $3.12 billion, down 12% year-over-year but slightly higher than the anticipated $3.07 billion. However, the embedded processing revenue was only $752 million, a 10% decrease from the previous year and significantly less than the expected $828.6 million. Looking ahead to the current quarter, Texas Instruments set its EPS forecast between $0.96 and $1.16, markedly lower than the Street consensus of $1.42. The company's projected revenue for the quarter is between $3.45 billion and $3.75 billion, also below Wall Street's estimate of $4.09 billion.


T exas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products. This segment also provides signal chain products that sense, condition, and measure signals to allow information to be transferred or converted for further processing and control for use in end markets, including amplifiers, data converters, interface products, motor drives, clocks, and sensing products.

Price: 164.45
Market cap: 149.5 billion USD
Eps: 7.06
P/e ratio: 23.29
Terminal Research: TXN