TI’s analog revenue, when compared on an annual basis, grew 25 per cent. Similarly its revenue from the embedded processing segment grew by 14 per cent
Texas Instruments Incorporated has reported fourth quarter revenue of $4.08 billion. The company noted that its net income in the quarter was $1.69 billion. TI has also announced earnings per share of $1.80.
“We returned $6.0 billion to owners in 2020 through dividends and stock repurchases. For the year, our dividend represented 62 pr cent of free cash flow, underscoring its sustainability. Together, our dividends and stock repurchases reflect our continued commitment to return all free cash flow to our owners,” noted Rich Templeton, TI’s chairman, president and CEO.
Analog revenue grew 25 per cent
TI’s analog revenue, when compared on an annual basis, grew 25 per cent. Similarly its revenue from the embedded processing segment grew by 14 per cent.
“Our cash flow from operations of $6.1 billion for the year again underscored the strength of our business model. Free cash flow for the year was $5.5 billion and 38% of revenue. This reflects the quality of our product portfolio, as well as the efficiency of our manufacturing strategy, including the benefit of 300-millimeter Analog production,” added Templeton.
The company’s revenue increased seven per cent sequentially. TI cited strong demand in automotive, personal electronics and industrial markets as the grwoth points. Its revenue increased 22 per cent from the same quarter a year ago.
“In our core businesses, Analog revenue grew nine per cent and embedded processing grew 11 per cent sequentially. From a year ago, Analog revenue grew 25 per cent and Embedded Processing grew 14 per cent,” said Templeton.
TI’s first quarter outlook is for revenue in the range of $3.79 billion to $4.11 billion and earnings per share between $1.44 and $1.66. The company continues to expect its 2021 annual operating tax rate to be about 14 per cent.
