Texas Instruments Q3 revenue beats on growth in industrial, automotive, data center markets

Texas Instruments

Yesterday 21:09

Overview
Semiconductor maker's Q3 revenue grew 28% yr/yr, beating analyst expectations
Q3 EPS rose 77% yr/yr
Company saw broad growth in industrial, automotive and data center markets

Outlook
Texas Instruments sees Q4 revenue between $5.8 bln and $6.3 bln
Company expects Q4 earnings per share between $2.45 and $2.79

Result Drivers
SEGMENT GROWTH - Co cited broad-based growth in industrial, automotive and data center markets as drivers of higher revenue
300MM PRODUCTION - Co said 300mm manufacturing contributed to strong cash generation and business performance
ANALOG AND EMBEDDED GROWTH - Analog and embedded processing segments posted double-digit revenue growth

Company press release: ID:nPn5JGbVVa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$6.06 bln
$5.92 bln (25 Analysts)
Q3 EPS
 
$2.62
 
Q3 Net Income
 
$2.43 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 14 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Texas Instruments Incorporated is $317.50, about 14.3% above its October 20 closing price of $277.78
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 35 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)