Texas Instruments (TXN) Revenue — Quarter Ended Mar 31, 2024
Revenue declined in the current quarter compared with both the immediately preceding quarter and the same quarter one year earlier. The downward trajectory continued from prior periods.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue declined in the current quarter compared with both the immediately preceding quarter and the same quarter one year earlier. The downward trajectory continued from prior periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
-10.2%
Change from the immediately preceding quarter.
Year-over-year
-16.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.8B
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 |
|---|---|---|
| Jun 30, 2023 | $4.5B | -13.1% |
| Sep 30, 2023 | $4.5B | -13.5% |
| Dec 31, 2023 | $4.1B | -12.7% |
| Mar 31, 2024 | $3.7B | -16.4% |
Revenue performance
The reported revenue moved lower, reflecting a contraction from the prior quarter. The decline was also significant relative to the year-ago period.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased. The drop was larger when measured against the same quarter one year prior.
What to watch
Monitor whether the revenue trend stabilizes or continues to decline in upcoming quarters.