Texas Instruments (TXN) Revenue — Quarter Ended Jun 30, 2024
Revenue increased compared to the prior quarter, reversing a trend of sequential declines. However, revenue remained lower than the same period a year earlier.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased compared to the prior quarter, reversing a trend of sequential declines. However, revenue remained lower than the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.8B
Revenue reported for this quarter.
Quarter-over-quarter
+4.4%
Change from the immediately preceding quarter.
Year-over-year
-15.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.1B
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, 2023 | $4.5B | -13.5% |
| Dec 31, 2023 | $4.1B | -12.7% |
| Mar 31, 2024 | $3.7B | -16.4% |
| Jun 30, 2024 | $3.8B | -15.6% |
Revenue performance
Revenue for the quarter was higher than the preceding quarter, marking a modest improvement after several quarters of contraction.
Quarterly comparison
Compared to the same quarter last year, revenue was down. The sequential increase represents a departure from the downward trend seen in recent quarters.
What to watch
Capital expenditure levels remain elevated as the company continues to invest in manufacturing capacity.