Texas Instruments Stock Higher On Q1 Results: Here’s A Look
Texas Instruments (TXN) shares pushed higher by 5.64% to $174.76 following the company’s better-than-expected first quarter financial results. Here’s how the company performed:
- Q1 Revenue: $3.66 billion, beating the $3.611 billion estimate
- Q1 EPS: $1.20, beating the $1.08 estimate
Texas Instruments also issued second quarter guidance. The company sees revenue to be in the range of $3.65 billion to $3.95 billion, versus the $3.77 billion estimate and EPS in the range of $1.05 to $1.25, versus the $1.16 estimate.
Our cash flow from operations of $6.3 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 $940 million.
Haviv Ilan, TI’s president and CEO
The company did note that revenue decreased 16%, from $4.379 billion, from the same quarter a year ago and 10% sequentially, as it experienced a decline in revenue across all end markets.
Texas Instruments stock experienced a spike in volume following the earnings announcement. The company has a 52-week low of $139.48 and a 52-week high of $188.12.
