TI reports third quarter 2024 financial results and shareholder returns

PR Newswire10-23

Conference call on TI website at 3:30 p.m. Central time today www.ti.com/ir DALLAS, Oct. 22, 2024 /PRNewswire/ -- Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported third quarter revenue...

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}","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2477239396","pubTimestamp":1729627260,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Conference call on TI website at 3:30 p.m. Central time today. Regarding the company's performance and returns to shareholders, Haviv Ilan, TI's president and CEO, made the following comments:. \"Revenue decreased 8% from the same quarter a year ago and increased 9% sequentially. Industrial continued to decline sequentially, while all other end markets grew.\"Our cash flow from operations of $6.2 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300mm production. Free cash flow for the same period was $1.5 billion.\"Over the past 12 months we invested $3.7 billion in R&D and SG&A, invested $4.8 billion in capital expenditures and returned $5.2 billion to owners.\"TI's fourth quarter outlook is for revenue in the range of $3.70 billion to $4.00 billion and earnings per share between $1.07 and $1.29. We continue to expect our fourth quarter effective tax rate to be about 13%.\"","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","BK4141":"半导体产品","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","COR":"CENCORA","LU1003077747.HKD":"BGF GLOBAL EQUITY INCOME \"A6\" (HKDHDG) INC","LU1046421795.USD":"富达环球科技A-ACC","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","BK4561":"索罗斯持仓","LU0347712357.USD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (USD) ACC","BK4588":"碎股","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","TXN":"德州仪器","BK4581":"高盛持仓","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","BK4512":"苹果概念","LU1235294995.USD":"FIDELITY GLOBAL TECHNOLOGY \"A\" (USDHDG) ACC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU2129689605.HKD":"FRANKLIN GLOBAL INCOME \"A\" (HKD) INC","LU0345774391.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) ACC","LU2129689514.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) INC","LU0557290698.USD":"施罗德环球可持续增长基金","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","LU2413666699.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"CRH\" (HKDHDG) INC","IE0008368304.USD":"STEWART INVESTORS WORLDWIDE LEADERS SUSTAINABILITY FUND \"I\" (USD) ACC","LU2129689431.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) ACC","BK4175":"保健护理产品经销商","LU0553294199.USD":"BGF GLOBAL EQUITY INCOME \"A5G\" (USD) INC","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","LU2413666426.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (HKD) ACC","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU0545039389.USD":"BGF GLOBAL EQUITY INCOME \"A2\" ACC","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","BK4567":"ESG概念","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU1261432733.SGD":"Fidelity World A-ACC-SGD","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","LU0058720904.USD":"联博国际健康护理基金A","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC"},"translate_title":"TI报告2024年第三季度财务业绩和股东回报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COR":1,"TXN":0.9},"content_text":"Conference call on TI website at 3:30 p.m. Central time today\nwww.ti.com/ir\nDALLAS, Oct. 22, 2024 /PRNewswire/ -- Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported third quarter revenue of $4.15 billion, net income of $1.36 billion and earnings per share of $1.47. Earnings per share included a 3-cent benefit for items that were not in the company's original guidance.\nRegarding the company's performance and returns to shareholders, Haviv Ilan, TI's president and CEO, made the following comments:\n\n\"Revenue decreased 8% from the same quarter a year ago and increased 9% sequentially. Industrial continued to decline sequentially, while all other end markets grew.\n\"Our cash flow from operations of $6.2 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300mm production. Free cash flow for the same period was $1.5 billion.\n\"Over the past 12 months we invested $3.7 billion in R&D and SG&A, invested $4.8 billion in capital expenditures and returned $5.2 billion to owners.\n\"TI's fourth quarter outlook is for revenue in the range of $3.70 billion to $4.00 billion and earnings per share between $1.07 and $1.29. We continue to expect our fourth quarter effective tax rate to be about 13%.\"\n\nFree cash flow, a non-GAAP financial measure, is cash flow from operations less capital expenditures.\nEarnings summary\n\n\n\n\n(In millions, except per-share amounts) \n\nQ3 2024 \n\nQ3 2023 \n\nChange  \n\n\nRevenue \n\n$ \n4,151 \n\n$ \n4,532 \n\n(8) % \n\n\nOperating profit \n\n$ \n1,554 \n\n$ \n1,892 \n\n(18) % \n\n\nNet income \n\n$ \n1,362 \n\n$ \n1,709 \n\n(20) % \n\n\nEarnings per share \n\n$ \n1.47 \n\n$ \n1.85 \n\n(21) % \n\n\n\n\nCash generation\n\n\n\n\n\n\n\n\nTrailing 12 Months \n\n\n(In millions) \n\nQ3 2024 \n\nQ3 2024 \n\nQ3 2023 \n\nChange  \n\n\nCash flow from operations \n\n$ \n1,732 \n\n$ \n6,244 \n\n$ \n6,538 \n\n(4) % \n\n\nCapital expenditures \n\n$ \n1,316 \n\n$ \n4,776 \n\n$ \n4,890 \n\n(2) % \n\n\nFree cash flow \n\n$ \n416 \n\n$ \n1,468 \n\n$ \n1,648 \n\n(11) % \n\n\nFree cash flow % of revenue \n\n\n\n\n\n9.3 % \n\n\n9.1 % \n\n\n\n\n\n\nCash return\n\n\n\n\n\n\n\n\nTrailing 12 Months \n\n\n(In millions) \n\nQ3 2024 \n\nQ3 2024 \n\nQ3 2023 \n\nChange  \n\n\nDividends paid \n\n$ \n1,187 \n\n$ \n4,736 \n\n$ \n4,499 \n\n5 % \n\n\nStock repurchases \n\n$ \n318 \n\n$ \n457 \n\n$ \n1,076 \n\n(58) % \n\n\nTotal cash returned \n\n$ \n1,505 \n\n$ \n5,193 \n\n$ \n5,575 \n\n(7) % \n\n\n\n\n\n\n\n\nTEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES \n\n\n\n\n\nConsolidated Statements of Income \n\nFor Three Months Ended September 30, \n\n\n(In millions, except per-share amounts) \n\n2024 \n\n2023 \n\n\nRevenue \n\n$ \n4,151 \n\n$ \n4,532 \n\n\nCost of revenue (COR) \n\n\n1,677 \n\n\n1,717 \n\n\nGross profit \n\n\n2,474 \n\n\n2,815 \n\n\nResearch and development (R&D) \n\n\n492 \n\n\n471 \n\n\nSelling, general and administrative (SG&A) \n\n\n428 \n\n\n452 \n\n\nOperating profit \n\n\n1,554 \n\n\n1,892 \n\n\nOther income (expense), net (OI&E) \n\n\n131 \n\n\n128 \n\n\nInterest and debt expense \n\n\n131 \n\n\n98 \n\n\nIncome before income taxes \n\n\n1,554 \n\n\n1,922 \n\n\nProvision for income taxes \n\n\n192 \n\n\n213 \n\n\nNet income \n\n$ \n1,362 \n\n$ \n1,709 \n\n\n\n\n\n\n\n\n\n\n\nDiluted earnings per common share \n\n$ \n1.47 \n\n$ \n1.85 \n\n\n\n\n\n\n\n\n\n\n\nAverage shares outstanding: \n\n\n\n\n\n\n\n\n   Basic \n\n\n913 \n\n\n908 \n\n\n   Diluted \n\n\n920 \n\n\n916 \n\n\n\n\n\n\n\n\n\n\n\nCash dividends declared per common share \n\n$ \n1.30 \n\n$ \n1.24 \n\n\n\n\n\n\n\n\n\n\n\nSupplemental Information (Quarterly, except as noted) \n\n\n\n\n\n\n\n\n\n\n\nProvision for income taxes is based on the following: \n\n\n\n\n\nOperating taxes (calculated using the estimated annual effective tax rate) \n\n$ \n227 \n\n$ \n229 \n\n\nDiscrete tax items \n\n\n(35) \n\n\n(16) \n\n\nProvision for income taxes (effective taxes) \n\n$ \n192 \n\n$ \n213 \n\n\n\n\n\n\n\n\n\n\n\nA portion of net income is allocated to unvested restricted stock units (RSUs) on which we pay dividend equivalents. Diluted EPS is calculated using the following: \n\n\nNet income \n\n$ \n1,362 \n\n$ \n1,709 \n\n\nIncome allocated to RSUs \n\n\n(7) \n\n\n(10) \n\n\nIncome allocated to common stock for diluted EPS \n\n$ \n1,355 \n\n$ \n1,699 \n\n\n\n\n\n\n\n\nTEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES \n\n\n\n\n\nConsolidated Balance Sheets \n\nSeptember 30, \n\n\n(In millions, except par value) \n\n2024 \n\n2023 \n\n\nAssets \n\n\n\n\n\n\n\n\nCurrent assets: \n\n\n\n\n\n\n\n\n   Cash and cash equivalents \n\n$ \n2,589 \n\n$ \n2,566 \n\n\n   Short-term investments \n\n\n6,163 \n\n\n6,382 \n\n\n   Accounts receivable, net of allowances of ($23) and ($15)  \n\n\n1,862 \n\n\n1,976 \n\n\n   Raw materials \n\n\n393 \n\n\n401 \n\n\n   Work in process \n\n\n2,081 \n\n\n2,147 \n\n\n   Finished goods \n\n\n1,822 \n\n\n1,360 \n\n\n   Inventories \n\n\n4,296 \n\n\n3,908 \n\n\n   Prepaid expenses and other current assets \n\n\n962 \n\n\n265 \n\n\n   Total current assets \n\n\n15,872 \n\n\n15,097 \n\n\nProperty, plant and equipment at cost \n\n\n15,464 \n\n\n12,528 \n\n\n   Accumulated depreciation \n\n\n(3,662) \n\n\n(3,208) \n\n\n   Property, plant and equipment \n\n\n11,802 \n\n\n9,320 \n\n\nGoodwill \n\n\n4,362 \n\n\n4,362 \n\n\nDeferred tax assets \n\n\n941 \n\n\n632 \n\n\nCapitalized software licenses \n\n\n229 \n\n\n138 \n\n\nOverfunded retirement plans \n\n\n184 \n\n\n166 \n\n\nOther long-term assets \n\n\n1,931 \n\n\n1,923 \n\n\nTotal assets \n\n$ \n35,321 \n\n$ \n31,638 \n\n\n\n\n\n\n\n\n\n\n\nLiabilities and stockholders' equity \n\n\n\n\n\n\n\n\nCurrent liabilities: \n\n\n\n\n\n\n\n\n   Current portion of long-term debt \n\n$ \n1,049 \n\n$ \n300 \n\n\n   Accounts payable \n\n\n794 \n\n\n713 \n\n\n   Accrued compensation \n\n\n721 \n\n\n707 \n\n\n   Income taxes payable \n\n\n108 \n\n\n108 \n\n\n   Accrued expenses and other liabilities \n\n\n1,014 \n\n\n824 \n\n\n   Total current liabilities \n\n\n3,686 \n\n\n2,652 \n\n\nLong-term debt \n\n\n12,844 \n\n\n10,922 \n\n\nUnderfunded retirement plans \n\n\n117 \n\n\n141 \n\n\nDeferred tax liabilities \n\n\n54 \n\n\n66 \n\n\nOther long-term liabilities \n\n\n1,352 \n\n\n1,226 \n\n\nTotal liabilities \n\n\n18,053 \n\n\n15,007 \n\n\nStockholders' equity: \n\n\n\n\n\n\n\n\n   Preferred stock, $25 par value. Shares authorized – 10; none issued \n\n\n— \n\n\n— \n\n\n   Common stock, $1 par value. Shares authorized – 2,400; shares issued – 1,741 \n\n\n1,741 \n\n\n1,741 \n\n\n   Paid-in capital \n\n\n3,813 \n\n\n3,280 \n\n\n   Retained earnings \n\n\n52,304 \n\n\n52,098 \n\n\n   Treasury common stock at cost \n\n\n\n\n\n\n\n\n   Shares: September 30, 2024 – 829; September 30, 2023 – 833 \n\n\n(40,395) \n\n\n(40,253) \n\n\n   Accumulated other comprehensive income (loss), net of taxes (AOCI) \n\n\n(195) \n\n\n(235) \n\n\nTotal stockholders' equity \n\n\n17,268 \n\n\n16,631 \n\n\nTotal liabilities and stockholders' equity \n\n$ \n35,321 \n\n$ \n31,638 \n\n\n\n\n\n\n\n\nTEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES \n\n\n\n\n\nConsolidated Statements of Cash Flows \n\nFor Three Months Ended September 30, \n\n\n(In millions) \n\n2024 \n\n2023 \n\n\nCash flows from operating activities \n\n\n\n\n\n\n\n\n   Net income \n\n$ \n1,362 \n\n$ \n1,709 \n\n\n   Adjustments to net income: \n\n\n\n\n\n\n\n\n   Depreciation \n\n\n383 \n\n\n303 \n\n\n   Amortization of capitalized software \n\n\n19 \n\n\n17 \n\n\n   Stock compensation \n\n\n87 \n\n\n79 \n\n\n   Deferred taxes \n\n\n(33) \n\n\n(99) \n\n\n   Increase (decrease) from changes in: \n\n\n\n\n\n\n\n\n   Accounts receivable \n\n\n(151) \n\n\n(20) \n\n\n   Inventories \n\n\n(190) \n\n\n(179) \n\n\n   Prepaid expenses and other current assets \n\n\n(23) \n\n\n28 \n\n\n   Accounts payable and accrued expenses \n\n\n13 \n\n\n27 \n\n\n   Accrued compensation \n\n\n149 \n\n\n145 \n\n\n   Income taxes payable \n\n\n155 \n\n\n(7) \n\n\n   Changes in funded status of retirement plans \n\n\n(24) \n\n\n26 \n\n\n   Other \n\n\n(15) \n\n\n(92) \n\n\nCash flows from operating activities \n\n\n1,732 \n\n\n1,937 \n\n\n\n\n\n\n\n\n\n\n\nCash flows from investing activities \n\n\n\n\n\n\n\n\n   Capital expenditures \n\n\n(1,316) \n\n\n(1,495) \n\n\n   Proceeds from asset sales \n\n\n— \n\n\n1 \n\n\n   Purchases of short-term investments \n\n\n(1,845) \n\n\n(3,080) \n\n\n   Proceeds from short-term investments \n\n\n2,700 \n\n\n2,885 \n\n\n   Other \n\n\n(26) \n\n\n(5) \n\n\nCash flows from investing activities \n\n\n(487) \n\n\n(1,694) \n\n\n\n\n\n\n\n\n\n\n\nCash flows from financing activities \n\n\n\n\n\n\n\n\n   Dividends paid \n\n\n(1,187) \n\n\n(1,126) \n\n\n   Stock repurchases \n\n\n(318) \n\n\n(46) \n\n\n   Proceeds from common stock transactions \n\n\n117 \n\n\n68 \n\n\n   Other \n\n\n(8) \n\n\n(12) \n\n\nCash flows from financing activities \n\n\n(1,396) \n\n\n(1,116) \n\n\n\n\n\n\n\n\n\n\n\nNet change in cash and cash equivalents \n\n\n(151) \n\n\n(873) \n\n\nCash and cash equivalents at beginning of period \n\n\n2,740 \n\n\n3,439 \n\n\nCash and cash equivalents at end of period \n\n$ \n2,589 \n\n$ \n2,566 \n\n\n\n\n\n\n\n\n\n\n\nSupplemental cash flow information \n\n\n\n\n\n\n\n\n   Investment tax credit (ITC) used to reduce income taxes payable \n\n$ \n220 \n\n$ \n— \n\n\nTotal cash benefit related to the U.S. CHIPS and Science Act \n\n$ \n220 \n\n$ \n— \n\n\n\n\nSegment results\n\n\n\n\n(In millions) \n\nQ3 2024 \n\nQ3 2023 \n\nChange  \n\n\nAnalog: \n\n\n\n\n\n\n\n\n\n\n   Revenue \n\n$ \n3,223 \n\n$ \n3,353 \n\n(4) % \n\n\n   Operating profit \n\n$ \n1,316 \n\n$ \n1,504 \n\n(13) % \n\n\nEmbedded Processing: \n\n\n\n\n\n\n\n\n\n\n   Revenue \n\n$ \n653 \n\n$ \n890 \n\n(27) % \n\n\n   Operating profit \n\n$ \n109 \n\n$ \n258 \n\n(58) % \n\n\nOther: \n\n\n\n\n\n\n\n\n\n\n   Revenue \n\n$ \n275 \n\n$ \n289 \n\n(5) % \n\n\n   Operating profit* \n\n$ \n129 \n\n$ \n130 \n\n(1) % \n\n\n\n\n\n    * Includes restructuring charges/other. \n\n\n\n\nNon-GAAP financial information\nThis release includes references to free cash flow and ratios based on that measure. These are financial measures that were not prepared in accordance with GAAP. Free cash flow was calculated by subtracting capital expenditures from the most directly comparable GAAP measure, cash flows from operating activities (also referred to as cash flow from operations).\nWe believe that free cash flow and the associated ratios provide insight into our liquidity, our cash-generating capability and the amount of cash potentially available to return to shareholders, as well as insight into our financial performance. These non-GAAP measures are supplemental to the comparable GAAP measures.\nReconciliation to the most directly comparable GAAP measures is provided in the table below.\n\n\n\n\n\n\nFor 12 Months Ended September 30, \n\n\n\n\n(In millions) \n\n2024 \n\n2023 \n\nChange  \n\n\nCash flow from operations (GAAP)* \n\n$ \n6,244 \n\n$ \n6,538 \n\n(4) % \n\n\nCapital expenditures \n\n\n(4,776) \n\n\n(4,890) \n\n\n\n\nFree cash flow (non-GAAP) \n\n$ \n1,468 \n\n$ \n1,648 \n\n(11) % \n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue \n\n$ \n15,711 \n\n$ \n18,112 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCash flow from operations as a percentage of revenue (GAAP) \n\n\n39.7 % \n\n\n36.1 % \n\n\n\n\nFree cash flow as a percentage of revenue (non-GAAP) \n\n\n9.3 % \n\n\n9.1 % \n\n\n\n\n\n\n\n* Includes a cash benefit of $532 million from the U.S. CHIPS and Science Act ITC used to reduce income taxes payable for the twelve months ended September 30, 2024. \n\n\n\n\nThis release also includes references to operating taxes, a non-GAAP term we use to describe taxes calculated using the estimated annual effective tax rate, a GAAP measure that by definition does not include discrete tax items. We believe the term operating taxes helps to differentiate from effective taxes, which include discrete tax items.\nNotice regarding forward-looking statements\nThis release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as TI or its management \"believes,\" \"expects,\" \"anticipates,\" \"foresees,\" \"forecasts,\" \"estimates\" or other words or phrases of similar import. Similarly, statements herein that describe TI's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.\nWe urge you to carefully consider the following important factors that could cause actual results to differ materially from the expectations of TI or our management:\n\nEconomic, social and political conditions, and natural events in the countries in which we, our customers or our suppliers operate, including global trade policies;\nMarket demand for semiconductors, particularly in the industrial and automotive markets, and customer demand that differs from forecasts;\nOur ability to compete in products and prices in an intensely competitive industry;\nEvolving cybersecurity and other threats relating to our information technology systems or those of our customers, suppliers and other third parties;\nOur ability to successfully implement and realize opportunities from strategic, business and organizational changes, or our ability to realize our expectations regarding the amount and timing of associated restructuring charges and cost savings;\nOur ability to develop, manufacture and market innovative products in a rapidly changing technological environment, our timely implementation of new manufacturing technologies and installation of manufacturing equipment, and our ability to realize expected returns on significant investments in manufacturing capacity;\nAvailability and cost of key materials, utilities, manufacturing equipment, third-party manufacturing services and manufacturing technology;\nOur ability to recruit and retain skilled personnel and effectively manage key employee succession;\nProduct liability, warranty or other claims relating to our products, software, manufacturing, delivery, services, design or communications, or recalls by our customers for a product containing one of our parts;\nCompliance with or changes in the complex laws, rules and regulations to which we are or may become subject, or actions of enforcement authorities, that restrict our ability to operate our business or subject us to fines, penalties or other legal liability;\nChanges in tax law and accounting standards that impact the tax rate applicable to us, the jurisdictions in which profits are determined to be earned and taxed, adverse resolution of tax audits, increases in tariff rates, and the ability to realize deferred tax assets;\nFinancial difficulties of our distributors or semiconductor distributors' promotion of competing product lines to our detriment; or disputes with current or former distributors;\nLosses or curtailments of purchases from key customers or the timing and amount of customer inventory adjustments;\nOur ability to maintain or improve profit margins, including our ability to utilize our manufacturing facilities at sufficient levels to cover our fixed operating costs, in an intensely competitive and cyclical industry and changing regulatory environment;\nOur ability to maintain and enforce a strong intellectual property portfolio and maintain freedom of operation in all jurisdictions where we conduct business; or our exposure to infringement claims;\nInstability in the global credit and financial markets; and\nImpairments of our non-financial assets.\n\nFor a more detailed discussion of these factors, see the Risk factors discussion in Item 1A of TI's most recent Form 10-K. The forward-looking statements included in this release are made only as of the date of this release, and we undertake no obligation to update the forward-looking statements to reflect subsequent events or circumstances. If we do update any forward-looking statement, you should not infer that we will make additional updates with respect to that statement or any other forward-looking statement.\nAbout Texas Instruments\nTexas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures and sells analog and embedded processing chips for markets such as industrial, automotive, personal electronics, communications equipment and enterprise systems. At our core, we have a passion to create a better world by making electronics more affordable through semiconductors. This passion is alive today as each generation of innovation builds upon the last to make our technology more reliable, more affordable and lower power, making it possible for semiconductors to go into electronics everywhere. Learn more at TI.com.\nTXN-G\n\n\n\n\n\n View original content to download multimedia:https://www.prnewswire.com/news-releases/ti-reports-third-quarter-2024-financial-results-and-shareholder-returns-302283608.html\nSOURCE Texas Instruments Incorporated","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477239396"}