Sunday, October 24, 2010

Texas Instruments Posts Strong Q3, up 30% YoY

Texas Instruments reported Q3 2010 revenue of $3.74 billion, up 30% over the same period last year and up 7% sequentially. Net income came in at $859 million and earnings per share of 71 cents.

"Our strong performance was driven by growth in all of our segments," said Rich Templeton, TI chairman, president and chief executive officer. "TI's continuing transformation to a company focused on Analog and Embedded Processing delivered new highs for both gross and operating margins. Strong earnings per share demonstrate the combined impact of solid profits and our diligence to return excess capital to our shareholders through stock repurchases.

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