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April 23, 2013

Texas Instruments Report Q1 Earnings

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Are smart phone and tablet products officially winding down? Are revenues expected to decline?

Texas Instruments are reporting its Q1 2013 earnings today, and the overall numbers are looking quite good. Although revenue for the quarter was down slightly, TI has posted net income and EPS that were near the top of their expected range. Here’s a quick breakdown of the high points:

$2.89 billion in revenues, down 8-percent year-over-year
$362 million in net income, up 37-percent y-o-y
$0.32 Earnings Per Share, up 45-percent y-o-y
$3.9 billion in cash and short-term investments on hand.

If it wasn’t clear last year that TI is shifting away from the business of consumer chipset products, it should be after reading this earnings release. On its segmented earnings, TI has officially pushed its wireless business — now dubbed “legacy wireless products” — into the “Other” category of the sheet, which should give you an indication of where it is headed. Looking forward for Q2 2013 and beyond, TI is advising that its revenues will continue to decline in the legacy wireless business.

TI now says that a full 77-percent of its revenues come from “Analog and Embedded Processing”, which means products aimed at the consumer space are far from the priority now. Aside from a cheap alternative to the more popular processors out there right now, don’t look for OMAP processors to be making their way into too many products in the coming months.

Source – Texas Instruments

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Jonny Polea

Editor in Chief at Beginners Tech

I joined Beginners Tech as a Technical Journalist in July 2012 and have never looked back. I love tech, gadgets, games and electronics; whether they are retro, current or future concepts. My loving fiancé Sarah has said that when I receive new items for review I’m like a kid in a toy shop – unable to leave it alone for two minutes! Coming from a design background, I am passionate about the design and aesthetics of tech as well as functionality.