Texas Instruments (TXN) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter declined compared with the same period a year earlier, but rose sequentially from the prior quarter. The sequential improvement reversed the trend of consecutive declines seen in recent quarters.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter declined compared with the same period a year earlier, but rose sequentially from the prior quarter. The sequential improvement reversed the trend of consecutive declines seen in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.5B
Revenue reported for this quarter.
Quarter-over-quarter
+3.5%
Change from the immediately preceding quarter.
Year-over-year
-13.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.8B
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 |
|---|---|---|
| Sep 30, 2022 | $5.2B | +12.9% |
| Dec 31, 2022 | $4.7B | -3.4% |
| Mar 31, 2023 | $4.4B | -10.7% |
| Jun 30, 2023 | $4.5B | -13.1% |
Revenue performance
Revenue increased from the immediately preceding quarter, marking a rebound after two prior sequential declines. However, compared with the same quarter last year, revenue was lower.
Quarterly comparison
Relative to the prior quarter, revenue moved higher, reflecting a gain. In contrast, compared with the same quarter one year earlier, revenue was down, extending the year-over-year decline.
What to watch
Capital expenditures remained elevated as the company continued to invest in semiconductor manufacturing equipment and facilities, which may impact future cash flows.