Texas Instruments (TXN) Revenue — Quarter Ended Mar 31, 2023
Revenue declined both sequentially and year-over-year, reflecting weaker demand. The company's quarterly performance marked a continuation of the downward trend from prior periods.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined both sequentially and year-over-year, reflecting weaker demand. The company's quarterly performance marked a continuation of the downward trend from prior periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.4B
Revenue reported for this quarter.
Quarter-over-quarter
-6.2%
Change from the immediately preceding quarter.
Year-over-year
-10.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $5.2B | +13.8% |
| Sep 30, 2022 | $5.2B | +12.9% |
| Dec 31, 2022 | $4.7B | -3.4% |
| Mar 31, 2023 | $4.4B | -10.7% |
Revenue performance
Revenue for the quarter was lower than the previous quarter and down from the same period last year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased. It also fell compared to the same quarter one year earlier.
What to watch
The company continued to strategically build inventory, as noted in its filing.