Texas Instruments released Q4 2022 and 2022 financial results

At present, smartphone processors are mainly provided by four companies: Apple, Qualcomm, MediaTek, and Samsung. But in fact, Samsung’s share is relatively small. Although Huawei also had Kirin processors before, the main market share is still divided by Apple, Qualcomm, and MediaTek. In the early days of smartphones, Texas Instruments (TI) also launched smartphone processors, competing with rivals such as Qualcomm, and withdrew from the smartphone processor market in 2012 for various reasons, however, it has a certain influence in the fields of digital signal processors (DSP), analog semiconductor components, and so on. Recently, Texas Instruments released its financial results for the fourth quarter of 2022.

According to the GAAP, Texas Instruments’ operating income in the fourth quarter of 2022 reached $4.67 billion, a decrease of 11% from the previous quarter and a decrease of 3% from the same period last year; operating profit was $2.18 billion, down 13% year-on-year; net income was $1.96 billion, down 8% year-on-year; earnings per share were $2.13, down 6% year-over-year. Divided by business, analog semiconductor business revenue was $3.558 billion, a year-on-year decrease of 5%; embedded business revenue was $837 million, a year-on-year increase of 10%; another business revenue was $275 million, a year-on-year decrease of 11%.

For the first quarter of 2023, Texas Instruments expects operating income in the range of $4.17 billion to $4.53 billion and EPS in the range of $1.64 to $1.90. The estimated effective tax rate in 2023 is about 13% to 14%.