Texas Instruments reported Q2 2024 revenue of $3.82 billion, down 16% YoY, with net income declining 34% to $1.13 billion and EPS falling to $1.22 from $1.87. The decline was primarily driven by lower revenue from Analog and Embedded Processing segments, while gross profit margin decreased to 57.8% from 64.2% due to reduced factory loadings and higher manufacturing costs.Operating expenses rose to $963 million from $938 million, while operating profit margin contracted to 32.7% from 43.5%. The Analog segment, which represents the company's largest business, saw revenue decline 11% to $2.93 billion with operating margin falling to 35.8%, while Embedded Processing revenue dropped 31% to $615 million with operating margin declining to 13%.The company maintained strong liquidity with total cash of $9.69 billion at quarter-end, up $1.11 billion from year-end 2023. Cash flow from operations reached $6.4 billion for the trailing 12 months, demonstrating the resilience of TI's business model. The company continued investing in capacity expansion, with capital expenditures of $2.31 billion during the first half of 2024, while returning $4.9 billion to shareholders over the past year.

Texas Instruments reported Q2 2024 revenue of $3.82 billion, down 16% YoY, with net income declining 34% to $1.13 billion and EPS falling to $1.22 from $1.87. The decline was primarily driven by lower revenue from Analog and Embedded Processing segments, while gross profit margin decreased to 57.8% from 64.2% due to reduced factory loadings and higher manufacturing costs.Operating expenses rose to $963 million from $938 million, while operating profit margin contracted to 32.7% from 43.5%. The Analog segment, which represents the company's largest business, saw revenue decline 11% to $2.93 billion with operating margin falling to 35.8%, while Embedded Processing revenue dropped 31% to $615 million with operating margin declining to 13%.The company maintained strong liquidity with total cash of $9.69 billion at quarter-end, up $1.11 billion from year-end 2023. Cash flow from operations reached $6.4 billion for the trailing 12 months, demonstrating the resilience of TI's business model. The company continued investing in capacity expansion, with capital expenditures of $2.31 billion during the first half of 2024, while returning $4.9 billion to shareholders over the past year.