Texas Instruments Posts Q3 Revenue of $6.06 Billion, Up 28% Year Over Year, With Above-Consensus Q4 Guidance

Texas Instruments reported third-quarter revenue of $6.06 billion and net income of $2.43 billion, or $2.62 per share, beating analyst estimates by $0.20 per share. Revenue climbed 28% from a year earlier and 11% sequentially, driven by broad-based growth in industrial, automotive and data center end markets.

CEO Haviv Ilan said trailing 12-month cash flow from operations reached $9.9 billion and free cash flow came in at $8.4 billion over the same period, reflecting the company's 300mm production advantages. Over the past year TI invested $4.0 billion in research, development and sales expenses and $2.6 billion in capital expenditures while returning $5.8 billion to shareholders.

For the fourth quarter, TI guided revenue in a range of $5.80 billion to $6.30 billion and earnings per share between $2.45 and $2.79, both above prior consensus expectations.