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Compared to Estimates, Texas Instruments (TXN) Q2 Earnings: A Look at Key Metrics
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For the quarter ended June 2024, Texas Instruments (TXN - Free Report) reported revenue of $3.82 billion, down 15.7% over the same period last year. EPS came in at $1.22, compared to $1.87 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.8 billion, representing a surprise of +0.60%. The company delivered an EPS surprise of +5.17%, with the consensus EPS estimate being $1.16.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Texas Instruments performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Other: $279 million compared to the $205.21 million average estimate based on five analysts. The reported number represents a change of -22.3% year over year.
Revenue- Embedded Processing: $615 million compared to the $677.57 million average estimate based on five analysts. The reported number represents a change of -31.2% year over year.
Revenue- Analog: $2.93 billion compared to the $2.90 billion average estimate based on five analysts. The reported number represents a change of -10.7% year over year.
Operating Profit- Analog: $1.05 billion versus $1.22 billion estimated by two analysts on average.
Operating Profit- Other: $121 million compared to the -$177.03 million average estimate based on two analysts.
Operating Profit- Embedded Processing: $80 million compared to the $161.14 million average estimate based on two analysts.
Shares of Texas Instruments have returned +6.2% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Texas Instruments (TXN) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2024, Texas Instruments (TXN - Free Report) reported revenue of $3.82 billion, down 15.7% over the same period last year. EPS came in at $1.22, compared to $1.87 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.8 billion, representing a surprise of +0.60%. The company delivered an EPS surprise of +5.17%, with the consensus EPS estimate being $1.16.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Texas Instruments performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Other: $279 million compared to the $205.21 million average estimate based on five analysts. The reported number represents a change of -22.3% year over year.
- Revenue- Embedded Processing: $615 million compared to the $677.57 million average estimate based on five analysts. The reported number represents a change of -31.2% year over year.
- Revenue- Analog: $2.93 billion compared to the $2.90 billion average estimate based on five analysts. The reported number represents a change of -10.7% year over year.
- Operating Profit- Analog: $1.05 billion versus $1.22 billion estimated by two analysts on average.
- Operating Profit- Other: $121 million compared to the -$177.03 million average estimate based on two analysts.
- Operating Profit- Embedded Processing: $80 million compared to the $161.14 million average estimate based on two analysts.
View all Key Company Metrics for Texas Instruments here>>>Shares of Texas Instruments have returned +6.2% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.