Texas Instruments (NASDAQ:TXN) reported its Q4 results, with revenue declining 3% year-over-year to $4.67 billion, but coming in above the Street estimate of $4.65 billion. EPS was $2.02, compared to the Street estimate of $2.00.
The company expects Q1/23 EPS to be in the range of $1.64-$1.90, compared to the Street estimate of $1.87. Revenue is expected in the range of $4.17-4.53 billion, compared to the Street estimate of $4.41 billion.
According to the analysts at Deutsche Bank, looking forward the primary questions regarding the company’s shares will be: (1) What is the trajectory of gross margin/depreciation from here, (2) Will the net impact of government incentives decreases the company’s own capital investment over time, or accelerate it, and (3) If/when will the company’s recent market share loss in its Analog segment reverse.