8-KEarnings & ResultsExhibits & Filings

TEXAS INSTRUMENTS INC 8-K Report, Financial Results (Dec 7, 2004)

Filed December 7, 2004For Securities:TXN

Summary

Texas Instruments Incorporated (TXN) filed an 8-K on December 7, 2004, to provide an updated business outlook for the fourth quarter of 2004. The company narrowed its revenue and earnings per share (EPS) ranges, reflecting an environment of ongoing inventory adjustments, particularly in standard products sold through distribution channels. Despite the adjustments, TI updated its total revenue forecast to be between $3.020 billion and $3.140 billion, with semiconductor revenue expected between $2.680 billion and $2.780 billion. The company also revised its EPS guidance to be between $0.25 and $0.27. Investors should note the company's emphasis on market demand for semiconductors, inventory levels, and competitive pressures as key factors influencing its performance.

Key Highlights

  • 1Updated Q4 2004 revenue guidance revised to $3.020 billion - $3.140 billion (previously $2.960 billion - $3.200 billion).
  • 2Updated Q4 2004 EPS guidance narrowed to $0.25 - $0.27 (previously $0.24 - $0.28).
  • 3Semiconductor revenue outlook for Q4 2004 is projected between $2.680 billion and $2.780 billion.
  • 4Sensors & Controls revenue for Q4 2004 is expected to be between $270 million and $280 million.
  • 5Educational & Productivity Solutions revenue for Q4 2004 is anticipated between $70 million and $80 million.
  • 6The outlook reflects market conditions characterized by ongoing inventory adjustments, especially in standard products sold through distribution.
  • 7TI is holding a conference call on December 7, 2004, at 4 p.m. CST to discuss the updated business outlook.

Frequently Asked Questions

Texas Instruments updated its Q4 2004 business outlook primarily due to ongoing inventory adjustments in the market, particularly affecting standard products sold through distribution channels. These adjustments led the company to narrow its revenue and EPS ranges.

The total revenue guidance for Q4 2004 was narrowed to between $3.020 billion and $3.140 billion, compared to the prior range of $2.960 billion to $3.200 billion. Semiconductor revenue was also narrowed to $2.680 billion - $2.780 billion, from $2.630 billion - $2.830 billion.

Texas Instruments updated its earnings per share (EPS) guidance for the fourth quarter of 2004 to be between $0.25 and $0.27, which is a slight narrowing from the previous range of $0.24 to $0.28.

Texas Instruments is holding a conference call on December 7, 2004, at 4 p.m. Central Standard Time to discuss this updated business outlook. The call will be available live on the company's website at www.ti.com.