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Texas Instruments Stock Rises on Q1 Earnings and Revenue Beat

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Texas Instruments (TXN - Free Report) reported better-than-expected results for first-quarter 2025. The results revealed an increase in both revenues and net income on a year-over-year basis. TXN also surpassed the Zacks Consensus Estimate as well as management’s guidance.

Texas Instruments’ first-quarter 2025 earnings per share of $1.28 surpassed the Zacks Consensus Estimate by 20.8% and came ahead of management’s guidance of 94 cents to $1.16. The quarterly earnings also increased 6.7% year over year.

TXN’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 9%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)

Texas Instruments reported revenues of $4.07 billion, which beat the Zacks Consensus Estimate by 4.1%. The figure surpassed management’s guidance of $3.74-$4.06 billion. The top line rose 11.1% year over year.

The better-than-expected results pushed TXN stock upward by 3.5% in the pre-market hours of Thursday’s trading session. TXN shares have lost 13% in the past month due to widespread sell-off in tech stocks, triggered by fears of rising trade tensions and slowing economic growth.

Texas Instruments’ Q1 Top-Line Details

Texas Instruments’ revenues were primarily propelled by the strength in its industrial and automotive markets, which together accounted for a significant 70% of first-quarter revenues.

Segment-wise, Texas Instruments operates under three business divisions: Analog, Embedded Processing and Other.

Analog: Revenues of $3.21 billion were generated from the segment (78.9% of total revenues), up 13% from the year-ago quarter’s level. The figure came above the Zacks Consensus Estimate of $3.04 billion.

Embedded Processing: Revenues amounted to $647 million (15.9% of total revenues), down 0.8% year over year. The figure missed the Zacks Consensus Estimate of $655.3 million.

Other: Revenues totaled $212 million (5.2% of total revenues), up 23% from the prior-year quarter’s level. The figure surpassed the consensus mark of $205.5 million.

Texas Instruments’ Operating Details

Texas Instruments’ gross profit declined 4.8% year over year to $2.31 billion. Gross margin of 56.8% contracted 40 basis points (bps) from the year-ago quarter’s 57.2%.

Selling, general and administrative (SG&A) expenses grew 3.7% year over year to $472 million. As a percentage of revenues, SG&A expenses contracted 80 bps year over year to 11.6%.

Research and development (R&D) expenses grew 8.2% to $517 million. As a percentage of revenues, it decreased 40 basis points to 12.7%.

Operating profit rose 3% year over year to $1.32 billion. The operating margin was 32.5%, which contracted 260 bps from the prior-year quarter’s number.

TXN’s Balance Sheet & Cash Flow

As of March 31, 2025, the cash and short-term investment balance was $5 billion, down from $7.6 billion as of Dec. 31, 2024.

At the end of the reported quarter, TXN’s long-term debt of $12.85 billion remained almost the same compared to the previous quarter.

Texas Instruments generated an operating cash flow of approximately $849 million in the first quarter.

During the first quarter, it repurchased stocks worth $653 million and paid $1.24 billion in dividends.

TXN Initiates Guidance for Q2 2025

For the second quarter of 2025, TXN expects revenues between $4.17 billion to $4.53 billion. The Zacks Consensus Estimate for second-quarter 2025 revenues is currently pegged at $4.13 billion, indicating an increase of 8% from the year-ago quarter.

The company expects earnings per share between $1.21 and $1.47. The consensus mark for the same is pegged at $1.23 per share, indicating a rise of 0.8% from the year-ago quarter.

The company expects the effective tax rate to be approximately 12%.

Zacks Rank and Stocks to Consider

Currently, TXN carries a Zacks Rank #3 (Hold).

ACM Research (ACMR - Free Report) , Super Micro Computer (SMCI - Free Report) and ACI Worldwide (ACIW - Free Report) are some better-ranked stocks that investors can consider in the broader Zacks Computer & Technology sector. ACIW, SMCI and ACMR sport a Zacks Rank #1 (Strong Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

ACMR shares have lost 29.9% for the past year. The Zacks Consensus Estimate for ACMR’s full-year 2025 earnings is pegged at $2.15 per share, up by 35 cents over the past 60 days, suggesting a decline of 4.8% from the year-ago quarter’s reported figure.

SMCI shares have plunged 56.4% in the past year. The Zacks Consensus Estimate for SMCI’s full-year fiscal 2025 earnings has been revised downward to $2.52 in the past seven days, suggesting year-over-year growth of 14%.

ACIW shares have gained 55% over the past year. The Zacks Consensus Estimate for ACIW’s full-year 2025 earnings is pegged at $2.80 per share, up by 7 cents over the past 30 days, implying a rise of 6% from the year-ago quarter’s levels.

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