TI Announces Fourth Quarter Revenue, down 10% Annually
Texas Instruments recently announced its financial results for the fourth quarter of 2019. According to the financial report, TI’s fourth quarter revenue was US $ 3.35 billion, a 10% decrease from the same period last year; net profit was US $ 1.07 billion, a year-on-year decrease of 14%.
Specifically, TI's revenues mainly include analog and embedded businesses, both of which are Texas Instruments' main product categories. According to the financial report, the company's analog business quarter revenue reached US $ 2.497 billion, a 5% decrease from US $ 2.638 billion in the same period last year; the revenue from the embedded processing business was US $ 633 million, a 20% decrease from US $ 791 million in the same period of the previous year; other business revenue was US $ 220 million, a year-on-year decrease of 24%.
Looking forward to the first quarter of 2020 results, Texas Instruments Chairman, President and CEO Rich Templeton said that TI’s first quarter revenue outlook is between $ 3.12 billion and $ 3.38 billion and earnings per share are between $ 0.96 and $ 1.14.
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