On the morning of July 24th, Texas Instruments (TXN. O, stock price $198.29, market value $180.54 billion), a leading analog chip company, disclosed its Q2 2024 performance report. Among them, the revenue was 3.822 billion US dollars, a year-on-year decrease of 16%; Net profit was 1.127 billion US dollars, a year-on-year decrease of 35%.
Specifically, the simulated business revenue was $2.928 billion, a year-on-year decrease of 11%; Embedded business revenue was $615 million, a year-on-year decrease of 31%.
Texas Instruments President and CEO Haviv Ilian stated that revenue for the second quarter decreased by 16% compared to the same period last year, but increased by 4% month on month. The industrial and automotive businesses continued to decline month on month, while all other end markets saw growth.
In addition, over the past 12 months, the company has invested $3.7 billion in research and management expenses, $5 billion in capital expenditures, and returned $4.9 billion to shareholders.
In the conference materials, Haviv Ilian stated, "We and our customers are satisfied with the progress of our 300mm manufacturing capacity expansion. These investments reflect our continued high confidence in future opportunities. Firstly, we have high confidence in the long-term growth of semiconductors, especially in the industrial and automotive sectors. Secondly, from a geopolitical perspective, reliable and low-cost 300mm production capacity will become increasingly critical and valuable, and our investments will enable us to support customer needs on a large scale
As mentioned by Haviv, the revenue for the second quarter was $3.8 billion. The gross profit for this quarter was $2.2 billion, accounting for 58% of the revenue. The month on month gross profit margin increased by 60 basis points, mainly due to increased revenue, increased factory load, and an increase in 300mm wafers, resulting in lower manufacturing unit costs, "said Rafael Lizardi, Senior Vice President and Chief Financial Officer of Texas Instruments