Texas Instruments Posts Lower 4Q Profit, Revenue

TXN

By Connor Hart

Texas Instruments said profit and revenue fell in the fourth quarter, though the declines were less than analysts had expected.

The Dallas-based chipmaker on Thursday reported a profit of $1.21 billion, compared with $1.37 billion a year earlier.

On a per-share basis, earnings came in at $1.30. Analysts had forecast $1.21, according to FactSet.

Revenue fell 2% to $4 billion and came in ahead of the $3.88 billion that analysts surveyed by FactSet were expecting.

Sales across the company's analog unit grew 2% to $3.17 billion, though this gain was offset by its embedded processing segment, where sales fell 18% to $613 million. Other revenue increased 7% to $220 million.

For the current quarter, Texas Instruments guided for per-share earnings between 94 cents and $1.16, as well as revenue between $3.74 billion and $4.06 billion. Analysts polled by FactSet are expecting earnings of $1.17 a share on revenue of $3.85 billion.

Write to Connor Hart at connor.hart@wsj.com

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01-23-25 1632ET