Revenues jumped 29% from the same quarter last year due says CEO Rich Templeton (pictured), “to strong demand in industrial, automotive and personal electronics.”
Net income was $1.75bn.
Added Templeton, “In our core businesses, Analogue revenue grew 5% and Embedded Processing grew 7% sequentially. From a year ago, Analogue revenue grew 33% and Embedded Processing grew 17%.”
He continued, “Our cash flow from operations of $7.1 billion for the trailing 12 months again underscored the strength of our business model. Free cash flow for the same period was $6.3 billion and 41% of revenue. This reflects the quality of our product portfolio, as well as the efficiency of our manufacturing strategy, including the benefit of 300-millimeter Analogue production.”
TI’s second quarter outlook is for revenue in the range of $4.13 billion to $4.47 billion.