TI Q4 revenue drops 3% YoY to $4.67B; EPS $2.13; Q1 guidance well below Q4

TEXAS INSTRUMENTS INC

2022-FY EPS reported $9.41 revenue$20,028,000,000

Q4 revenue $4.67B, net income $1.96B, EPS $2.13 (incl. $0.11 benefit not in guidance); revenue down 11% sequentially.
FY2022 revenue $20.03B (+9% YoY), net income $8.75B, EPS $9.41; free cash flow $5.92B (29.6% of revenue), down from 34.3% in 2021.
Analog segment Q4 revenue $3.56B (-5% YoY); Embedded Processing $837M (+10% YoY); automotive only end market with growth.
Q1 2023 guidance: revenue $4.17B-$4.53B, EPS $1.64-$1.90; 2023 effective tax rate expected ~13%-14%.
Total cash returned to owners in 2022 was $7.91B, up 79% YoY; dividends $4.30B, stock repurchases $3.62B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TEXAS INSTRUMENTS INC reported Q4 2022 and 2022 results: revenue revenue of $4.67 billion, net income net income of $1.96 billion, EPS earnings per share of $2.13.

Period: Q4 2022 and 2022
Revenue: revenue of $4.67 billion
Net income: net income of $1.96 billion
EPS: earnings per share of $2.13
Result: reported results

Exact text from the filing

Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported fourth quarter revenue of $4.67 billion, net income of $1.96 billion and earnings per share of $2.13.

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Source: SEC EDGAR

accession 0000097476-23-000003

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