secwatch.observer — SEC 8-K summary
======================================

Issuer:     TEXAS INSTRUMENTS INC (TXN)
CIK:        0000097476
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0000097476-23-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97476/000009747623000003/0000097476-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97476/000009747623000003/txn-20230124.htm
  HTML page:      https://secwatch.observer/filing/0000097476-23-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer