---
schema_version: "secwatch.filing_event.v1"
accession: "0000097476-23-000003"
form_type: "8-K"
ticker: "TXN"
cik: "0000097476"
company_name: "TEXAS INSTRUMENTS INC"
filed_at: "2023-01-24T23:59:59+00:00"
generated_at: "2026-06-20T11:26:35.310974+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000097476-23-000003
- form_type: 8-K
- ticker: TXN
- cik: 0000097476
- company_name: TEXAS INSTRUMENTS INC
- filed_at: 2023-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/97476/000009747623000003/0000097476-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/97476/000009747623000003/txn-20230124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000097476-23-000003
- JSON: https://secwatch.observer/filing/0000097476-23-000003.json
- Plain text: https://secwatch.observer/filing/0000097476-23-000003.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/97476/000009747623000003/0000097476-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.