Texas Instruments Q3 revenue rises 28% to $6.06 billion
Texas Instruments reported third quarter revenue of $6.06 billion, up 28% from the same period last year, according to its earnings release. Net income rose 78% to $2.43 billion, while earnings per share increased 77% to $2.62.
The company recorded growth across industrial, automotive and data center markets. Analog revenue rose 32% to $4.91 billion, while Embedded Processing revenue increased 21% to $858 million.
Texas Instruments expects fourth quarter revenue of $5.80 billion to $6.30 billion and earnings per share of $2.45 to $2.79. It generated $9.9 billion in operating cash flow and $8.4 billion in free cash flow during the 12 months ended September 30.
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