Description
Texas Instruments: Is Its China Revival Here To Stay?
The Texas Instruments had a mixed Q2, reporting revenue of $3.8 billion, a 4% sequential increase but 16% YoY decline. This contrasted with their optimistic revenue predictions for Q3, forecasting in the range of $3.94 billion to $4.26 billion. This could have been due to the decline in Analog revenue by 11% YoY, Embedded Processing by 31%, and its Other segment by 22% from YoY quarter. However, fresh investment was seen in the expansion of the company’s 300-millimeter manufacturing capacity, showing substantial confidence in the future of the semiconductor industry within the industrial and automotive sectors. Notably, the firm’s capacity investments provide geopolitical dependability for its customers, as Texas Instruments can provide a large scale, affordable, and dependable supply. A more detailed update on these capacity investments and their benefits will be discussed in an off-cycle capital management call scheduled for August 20, 2024.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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