Texas Instruments Incorporated: Will The Industrial and Automotive Market Recovery Save The Day?

Texas Instruments reported its third quarter 2024 results, evidencing a mixed financial landscape amid varying market conditions. Revenue stood at $4.2 billion, reflecting a 9% sequential rise but an 8% decline year-over-year. This revenue performance was underpinned by the company’s significant presence in Analog revenue, which experienced a decline of 4% year-over-year, while Embedded Processing saw a more pronounced decrement of 27%. Additionally, the Other segment recorded a modest decline of 5% compared to the same quarter the previous year.