8-KRegulation FDExhibits & Filings

TEXAS INSTRUMENTS INC 8-K Report, Regulation FD Disclosure (Mar 6, 2006)

Filed March 6, 2006For Securities:TXN

Summary

Texas Instruments Inc. (TXN) filed an 8-K on March 6, 2006, to provide an updated business outlook for the first quarter of 2006. The company narrowed its revenue and earnings per share guidance, indicating a more precise forecast than previously provided. This update reflects ongoing market dynamics and TI's management of its operational expectations. Key adjustments include a revised total revenue range of $3.22 billion to $3.35 billion and an earnings per share (EPS) forecast of $0.31 to $0.33, both of which represent a tighter band around prior expectations. The company also provided specific outlooks for its Semiconductor and Educational & Productivity Solutions segments. Investors should note that these figures include stock-based compensation expense, and additional earnings are expected from discontinued operations. The filing also reiterates significant risk factors that could impact future performance, characteristic of forward-looking statements.

Key Highlights

  • 1Texas Instruments (TI) updated its first-quarter 2006 business outlook on March 6, 2006.
  • 2Narrowed revenue forecast: Total revenue expected between $3.22 billion and $3.35 billion.
  • 3Narrowed EPS forecast: Earnings per share from continuing operations expected between $0.31 and $0.33.
  • 4Prior revenue range was $3.11 billion to $3.38 billion; prior EPS range was $0.29 to $0.33.
  • 5Semiconductor revenue outlook revised to $3.15 billion - $3.28 billion.
  • 6Educational & Productivity Solutions revenue outlook revised to $65 million - $75 million.
  • 7Forward-looking statements are included, with a detailed list of risk factors for investors to consider.

Frequently Asked Questions

This 8-K filing serves to update investors on Texas Instruments' (TI) business outlook for the first quarter of 2006, providing revised revenue and earnings per share (EPS) guidance.

TI now expects total revenue for Q1 2006 to be between $3.22 billion and $3.35 billion, and earnings per share from continuing operations to be between $0.31 and $0.33. These figures are presented after narrowing the previous ranges.

Yes, both the current and previous EPS ranges include approximately $0.04 for stock-based compensation expense. Additionally, about $0.03 in EPS is expected from discontinued operations.

The filing includes a 'Safe Harbor' statement that lists numerous risk factors which could cause actual results to differ materially from forward-looking statements. For a more detailed discussion, investors are referred to the 'Risk Factors' section in TI's most recent Form 10-K.