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Texas Instruments (NASDAQ:TXN) reported its Q4 results, with EPS of $2.02, ex-items, coming in better than the consensus estimate of $2.00.
Revenue declined 3% year-over-year to $4.67 billion, compared to the consensus estimate of $4.65B, reflecting weaker demand in all end markets with the exception of automotive.
“Free cash flow for the year was $5.9B and 30% of revenue. This reflects the quality of our product portfolio, as well as the efficiency of our manufacturing strategy, including the benefit of 300-mm production,” said Rich Templeton, the company’s chairman, president and CEO.
The company expects Q1/23 EPS to be in the range of $1.64-$1.90, compared to the consensus of $1.87, and revenue in the range of $4.17-4.53B, compared to the consensus of $4.41B.
