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TI reports Q4 2024 and 2024 financial results and shareholder returns

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DALLAS, Jan. 23, 2025 /PRNewswire/ — Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported fourth quarter revenue of $4.01 billion, net income of $1.21 billion and earnings per share of $1.30. Earnings per share included a 2-cent benefit that was not in the company’s original guidance.

Regarding the company’s performance and returns to shareholders, Haviv Ilan, TI’s president and CEO, made the following comments:

“Revenue decreased 3% sequentially and 2% from the same quarter a year ago.”Our cash flow from operations of $6.3 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300mm production. Free cash flow for the same period was $1.5 billion.”Over the past 12 months we invested $3.8 billion in R&D and SG&A, invested $4.8 billion in capital expenditures and returned $5.7 billion to owners.”TI’s first quarter outlook is for revenue in the range of $3.74 billion to $4.06 billion and earnings per share between $0.94 and $1.16. We now expect our 2025 effective tax rate to be about 12%.”

Free cash flow, a non-GAAP financial measure, is cash flow from operations less capital expenditures.

Earnings summary

(In millions, except per-share amounts)

Q4 2024

Q4 2023

Change 

Revenue

$

4,007

$

4,077

(2) %

Operating profit

$

1,377

$

1,533

(10) %

Net income

$

1,205

$

1,371

(12) %

Earnings per share

$

1.30

$

1.49

(13) %

 

Cash generation

Trailing 12 Months

(In millions)

Q4 2024

Q4 2024

Q4 2023

Change 

Cash flow from operations

$

1,998

$

6,318

$

6,420

(2) %

Capital expenditures

$

1,192

$

4,820

$

5,071

(5) %

Free cash flow

$

806

$

1,498

$

1,349

11 %

Free cash flow % of revenue

9.6 %

7.7 %

 

Cash return

Trailing 12 Months

(In millions)

Q4 2024

Q4 2024

Q4 2023

Change 

Dividends paid

$

1,240

$

4,795

$

4,557

5 %

Stock repurchases

$

537

$

929

$

293

217 %

Total cash returned

$

1,777

$

5,724

$

4,850

18 %

 

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

Consolidated Statements of Income

For Three Months Ended

December 31,

For Years Ended

December 31,

(In millions, except per-share amounts)

2024

2023

2024

2023

Revenue

$

4,007

$

4,077

$

15,641

$

17,519

Cost of revenue (COR)

1,693

1,646

6,547

6,500

Gross profit

2,314

2,431

9,094

11,019

Research and development (R&D)

491

460

1,959

1,863

Selling, general and administrative (SG&A)

446

438

1,794

1,825

Restructuring charges/other

—

—

(124)

—

Operating profit

1,377

1,533

5,465

7,331

Other income (expense), net (OI&E)

112

113

496

440

Interest and debt expense

130

98

508

353

Income before income taxes

1,359

1,548

5,453

7,418

Provision for income taxes

154

177

654

908

Net income

$

1,205

$

1,371

$

4,799

$

6,510

Diluted earnings per common share

$

1.30

$

1.49

$

5.20

$

7.07

Average shares outstanding:

   Basic

912

908

912

908

   Diluted

919

915

919

916

Cash dividends declared per common share

$

1.36

$

1.30

$

5.26

$

5.02

Supplemental Information

Provision for income taxes is based on the following:

Operating taxes (calculated using the estimated annual effective tax rate)

$

170

$

180

$

743

$

974

Discrete tax items

(16)

(3)

(89)

(66)

Provision for income taxes (effective taxes)

$

154

$

177

$

654

$

908

A portion of net income is allocated to unvested restricted stock units (RSUs) on which we pay dividend equivalents. Diluted EPS

is calculated using the following:

Net income

$

1,205

$

1,371

$

4,799

$

6,510

Income allocated to RSUs

(7)

(7)

(24)

(33)

Income allocated to common stock for diluted EPS

$

1,198

$

1,364

$

4,775

$

6,477

 

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

Consolidated Balance Sheets

December 31,

(In millions, except par value)

2024

2023

Assets

Current assets:

   Cash and cash equivalents

$

3,200

$

2,964

   Short-term investments

4,380

5,611

   Accounts receivable, net of allowances of ($21) and ($16)

1,719

1,787

   Raw materials

395

420

   Work in process

2,214

2,109

   Finished goods

1,918

1,470

   Inventories

4,527

3,999

   Prepaid expenses and other current assets

1,200

761

   Total current assets

15,026

15,122

Property, plant and equipment at cost

15,254

13,268

   Accumulated depreciation

(3,907)

(3,269)

   Property, plant and equipment

11,347

9,999

Goodwill

4,362

4,362

Deferred tax assets

936

757

Capitalized software licenses

257

223

Overfunded retirement plans

233

173

Other long-term assets

3,348

1,712

Total assets

$

35,509

$

32,348

Liabilities and stockholders’ equity

Current liabilities:

   Current portion of long-term debt

$

750

$

599

   Accounts payable

820

802

   Accrued compensation

839

836

   Income taxes payable

159

172

   Accrued expenses and other liabilities

1,075

911

   Total current liabilities

3,643

3,320

Long-term debt

12,846

10,624

Underfunded retirement plans

110

108

Deferred tax liabilities

53

63

Other long-term liabilities

1,954

1,336

Total liabilities

18,606

15,451

Stockholders’ equity:

   Preferred stock, $25 par value. Shares authorized – 10; none issued

—

—

   Common stock, $1 par value. Shares authorized – 2,400; shares issued – 1,741

1,741

1,741

   Paid-in capital

3,935

3,362

   Retained earnings

52,262

52,283

   Treasury common stock at cost

   Shares: 2024 – 830; 2023 – 832

(40,895)

(40,284)

   Accumulated other comprehensive income (loss), net of taxes (AOCI)

(140)

(205)

Total stockholders’ equity

16,903

16,897

Total liabilities and stockholders’ equity

$

35,509

$

32,348

 

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

Consolidated Statements of Cash Flows

For Three Months Ended

December 31,

For Years Ended

December 31,

(In millions)

2024

2023

2024

2023

Cash flows from operating activities

   Net income

$

1,205

$

1,371

$

4,799

$

6,510

   Adjustments to net income:

   Depreciation

416

322

1,508

1,175

   Amortization of capitalized software

19

15

72

63

   Stock compensation

78

68

387

362

   (Gains) losses on sales of assets

(1)

1

(127)

—

   Deferred taxes

(21)

(140)

(210)

(299)

   Increase (decrease) from changes in:

   Accounts receivable

143

189

68

108

   Inventories

(231)

(91)

(528)

(1,242)

   Prepaid expenses and other current assets

76

8

7

46

   Accounts payable and accrued expenses

87

(10)

125

(33)

   Accrued compensation

115

126

(12)

29

   Income taxes payable

110

58

597

(7)

   Changes in funded status of retirement plans

31

(4)

33

45

   Other

(29)

11

(401)

(337)

Cash flows from operating activities

1,998

1,924

6,318

6,420

Cash flows from investing activities

   Capital expenditures

(1,192)

(1,148)

(4,820)

(5,071)

   Proceeds from asset sales

1

—

195

3

   Purchases of short-term investments

(909)

(2,565)

(9,716)

(12,705)

   Proceeds from short-term investments

2,726

3,411

11,187

13,387

   Other

(12)

(9)

(48)

24

Cash flows from investing activities

614

(311)

(3,202)

(4,362)

Cash flows from financing activities

   Proceeds from issuance of long-term debt

—

—

2,980

3,000

   Repayment of debt

(300)

—

(600)

(500)

   Dividends paid

(1,240)

(1,181)

(4,795)

(4,557)

   Stock repurchases

(537)

(65)

(929)

(293)

   Proceeds from common stock transactions

87

45

517

263

   Other

(11)

(14)

(53)

(57)

Cash flows from financing activities

(2,001)

(1,215)

(2,880)

(2,144)

Net change in cash and cash equivalents

611

398

236

(86)

Cash and cash equivalents at beginning of period

2,589

2,566

2,964

3,050

Cash and cash equivalents at end of period

$

3,200

$

2,964

$

3,200

$

2,964

Supplemental cash flow information

   Investment tax credit (ITC) used to reduce income taxes payable

$

56

$

—

$

588

$

—

Total cash benefit related to the U.S. CHIPS and Science Act

$

56

$

—

$

588

$

—

 

Quarterly segment results 

(In millions)

Q4 2024

Q4 2023

Change 

Analog:

   Revenue

$

3,174

$

3,120

2 %

   Operating profit

$

1,237

$

1,280

(3) %

Embedded Processing:

   Revenue

$

613

$

752

(18) %

   Operating profit

$

58

$

195

(70) %

Other:

   Revenue

$

220

$

205

7 %

   Operating profit*

$

82

$

58

41 %

    * Includes restructuring charges/other.

 

Annual segment results

(In millions)

2024

2023

Change 

Analog:

   Revenue

$

12,161

$

13,040

(7) %

   Operating profit

$

4,608

$

5,821

(21) %

Embedded Processing:

   Revenue

$

2,533

$

3,368

(25) %

   Operating profit

$

352

$

1,008

(65) %

Other:

   Revenue

$

947

$

1,111

(15) %

   Operating profit*

$

505

$

502

1 %

    * Includes restructuring charges/other.

 

Non-GAAP financial information

This release includes references to free cash flow and ratios based on that measure. These are financial measures that were not prepared in accordance with GAAP. Free cash flow was calculated by subtracting capital expenditures from the most directly comparable GAAP measure, cash flows from operating activities (also referred to as cash flow from operations).

We believe that free cash flow and the associated ratios provide insight into our liquidity, our cash-generating capability and the amount of cash potentially available to return to shareholders, as well as insight into our financial performance. These non-GAAP measures are supplemental to the comparable GAAP measures.

Reconciliation to the most directly comparable GAAP measures is provided in the table below.

For Years Ended

December 31,

(In millions)

2024

2023

Change 

Cash flow from operations (GAAP)*

$

6,318

$

6,420

(2) %

Capital expenditures

(4,820)

(5,071)

Free cash flow (non-GAAP)

$

1,498

$

1,349

11 %

Revenue

$

15,641

$

17,519

Cash flow from operations as a percentage of revenue (GAAP)

40.4 %

36.6 %

Free cash flow as a percentage of revenue (non-GAAP)

9.6 %

7.7 %

* Includes a cash benefit of $588 million from the U.S. CHIPS and Science Act ITC used to reduce income taxes

payable for 2024.

This release also includes references to operating taxes, a non-GAAP term we use to describe taxes calculated using the estimated annual effective tax rate, a GAAP measure that by definition does not include discrete tax items. We believe the term operating taxes helps to differentiate from effective taxes, which include discrete tax items.

Notice regarding forward-looking statements

This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as TI or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe TI’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

We urge you to carefully consider the following important factors that could cause actual results to differ materially from the expectations of TI or our management:

Economic, social and political conditions, and natural events in the countries in which we, our customers or our suppliers operate, including global trade policies;Market demand for semiconductors, particularly in the industrial and automotive markets, and customer demand that differs from forecasts;Our ability to compete in products and prices in an intensely competitive industry;Evolving cybersecurity and other threats relating to our information technology systems or those of our customers, suppliers and other third parties;Our ability to successfully implement and realize opportunities from strategic, business and organizational changes, or our ability to realize our expectations regarding the amount and timing of associated restructuring charges and cost savings;Our ability to develop, manufacture and market innovative products in a rapidly changing technological environment, our timely implementation of new manufacturing technologies and installation of manufacturing equipment, and our ability to realize expected returns on significant investments in manufacturing capacity;Availability and cost of key materials, utilities, manufacturing equipment, third-party manufacturing services and manufacturing technology;Our ability to recruit and retain skilled personnel and effectively manage key employee succession;Product liability, warranty or other claims relating to our products, software, manufacturing, delivery, services, design or communications, or recalls by our customers for a product containing one of our parts;Compliance with or changes in the complex laws, rules and regulations to which we are or may become subject, or actions of enforcement authorities, that restrict our ability to operate our business or subject us to fines, penalties or other legal liability;Changes in tax law and accounting standards that impact the tax rate applicable to us, the jurisdictions in which profits are determined to be earned and taxed, adverse resolution of tax audits, increases in tariff rates, and the ability to realize deferred tax assets;Financial difficulties of our distributors or semiconductor distributors’ promotion of competing product lines to our detriment; or disputes with current or former distributors;Losses or curtailments of purchases from key customers or the timing and amount of customer inventory adjustments;Our ability to maintain or improve profit margins, including our ability to utilize our manufacturing facilities at sufficient levels to cover our fixed operating costs, in an intensely competitive and cyclical industry and changing regulatory environment;Our ability to maintain and enforce a strong intellectual property portfolio and maintain freedom of operation in all jurisdictions where we conduct business; or our exposure to infringement claims;Instability in the global credit and financial markets; andImpairments of our non-financial assets.

For a more detailed discussion of these factors, see the Risk factors discussion in Item 1A of TI’s most recent Form 10-K. The forward-looking statements included in this release are made only as of the date of this release, and we undertake no obligation to update the forward-looking statements to reflect subsequent events or circumstances. If we do update any forward-looking statement, you should not infer that we will make additional updates with respect to that statement or any other forward-looking statement.

About Texas Instruments

Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures and sells analog and embedded processing chips for markets such as industrial, automotive, personal electronics, communications equipment and enterprise systems. At our core, we have a passion to create a better world by making electronics more affordable through semiconductors. This passion is alive today as each generation of innovation builds upon the last to make our technology more reliable, more affordable and lower power, making it possible for semiconductors to go into electronics everywhere. Learn more at TI.com.

TXN-G

 

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SOURCE Texas Instruments Incorporated

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LianLian Global and PayPal Power Cross-Border Payouts for Social Commerce, Marketplace, and eCommerce Customers

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October 23, 2026

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Social commerce, marketplaces and eCommerce players served by LianLian Global can now pay creators, influencers, developers, and independent contractors directly to their PayPal and Venmo wallets.

NEW YORK, Oct. 22, 2026 /PRNewswire/ — LianLian Global  today announced it has partnered with PayPal (NASDAQ: PYPL) to enable its social commerce, marketplace and e-commerce clients to send payouts directly to PayPal accounts globally and to Venmo accounts in the U.S.

The creator and gig economy runs on fast, low-friction payouts. Brands are expected to spend $32.6 billion on creators in 2026 and roughly 50 million people worldwide create content professionally or semi-professionally (Gigapay Global Creator Economy Report 2026). Many of these recipients already hold a PayPal or Venmo account: PayPal had over 400 million active accounts across approximately 200 markets at the end of Q2 2026, and Venmo reached 67 million monthly active accounts in Q4 2025.

Paypal Payouts is live in 96 global markets and 24 currencies. It allows merchants to send to any email address, mobile number, or Venmo user handle, with or without an existing PayPal or Venmo account.

To support enterprises expanding globally, LianLian Global provides digital payment services including pay-in, pay-out, acquiring, foreign exchange, virtual cards and payment aggregation. To date, its parent company Lianlian DigiTech has served more than 13.3 million clients. Its services reach more than 200 countries and regions, support transactions and settlement in more than 140 currencies, and connect with more than 180 global e-commerce platforms.

The partnership combines LianLian Global’s cross-border collection, FX and compliance infrastructure with PayPal’s global wallet network. Key offerings include:

Pay to PayPal: Payouts from LianLian Global clients to PayPal account holders in 96 markets, using only the recipient’s email or phone numberPay to Venmo: Domestic U.S. payouts to Venmo users, including creators, influencers and independent contractorsPayPal Payouts for Platforms: Mass disbursements for social commerce, marketplaces and affiliate platforms paying large numbers of sellers, creators and contractorsSpeed to settle: Save time and money by eliminating check runs and postage; no need for routing numbers and bank accounts.

Sandra Lam, Deputy CEO of US at LianLian Global: “Social commerce is creating a new economy, where creators, influencers and independent sellers drive discovery and sales alongside the platforms they sell on. Paying these participants fast, across borders and in small amount is what powers the network effect of social commerce. We see our work with Paypal as a key step in building the payout rails for the global gig economy.”

The collaboration expands LianLian Global’s payout coverage and supports its growth in the U.S. and global markets as cross-border platforms scale their creator and contractor programs.

View original content:https://www.prnewswire.com/news-releases/lianlian-global-and-paypal-power-cross-border-payouts-for-social-commerce-marketplace-and-ecommerce-customers-302917635.html

SOURCE LianLian Global

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Crab2B Debuts as Hong Kong’s First Dedicated B2B Platform for Mobile Electronics

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October 23, 2026

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HONG KONG, Oct. 23, 2026 /PRNewswire/ — With the global population surpassing 8 billion, mobile electronics have become essential to modern life, with smartphones now used by billions of people. Across approximately 13,861 cities worldwide, electronics wholesalers play a vital role in the supply chain. Among the world’s three major wholesale hubs for digital electronics, Dubai serves the Middle East and Africa, Miami connects markets across Latin America, and Hong Kong draws strength from its unique position linking mainland China with global markets. According to Hong Kong Customs data, re-exports of used mobile phones from Hong Kong reached 51.5 million units in 2025, while the total value of electronics exports hit HK$3.9216 trillion. Yet despite its value running into the trillions of Hong Kong dollars, it has long lacked a dedicated online platform.

Crab2B was created to fill this gap as Hong Kong’s first B2B platform dedicated to mobile electronics. Inspired by Alibaba’s online B2B marketplace model, the platform focuses on consumer electronics, bringing together hundreds of thousands of buyers and sellers worldwide and enabling them to connect directly.

Crab2B covers a broad range of products, including smartphones, tablets, laptops and other smart devices. Listings span brand-new and used devices, as well as certified pre-owned (CPO) and as-is products. The platform also connects buyers and suppliers with service providers offering product inspection, international logistics and repair services. Users can search for products by brand and model, while all merchants undergo rigorous verification before joining the platform. With these safeguards in place, Crab2B is designed to meet the needs of businesses across the value chain, protect the interests of both buyers and sellers, and facilitate mutually beneficial transactions.

Building on Hong Kong’s established trading network, Crab2B made its debut at the HKICEC Global Mobile Exchange Pavilion during the Global Sources Hong Kong Shows, held at AsiaWorld-Expo from October 18 to 21, 2026, where it also launched the Crab2B app. Looking ahead, Crab2B will remain firmly rooted in Hong Kong while expanding its global reach, continuing to refine the platform to deliver a smarter, more comprehensive digital marketplace for mobile electronics. By helping international buyers identify suitable suppliers, simplifying cross-border sourcing and reducing transaction costs, Crab2B aims to support the continued growth of Hong Kong’s digital trade sector and contribute to the city’s long-term prosperity and stability.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/crab2b-debuts-as-hong-kongs-first-dedicated-b2b-platform-for-mobile-electronics-302917652.html

SOURCE CRAB 2B TECHNOLOGY INVESTMENT CO., LIMITED

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AiMOGA Launches Global Robot Innovation: Mobo Debuts from Wuhu, Empowering Homes and Businesses

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October 23, 2026

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KUALA LUMPUR, Malaysia, Oct. 23, 2026 /PRNewswire/ — AiMOGA Robotics has officially launched Mobo, its first consumer-grade humanoid family companion robot, marking a new chapter in intelligent living for Malaysian households and enterprises. Unveiled globally from AiMOGA’s headquarters in Wuhu, China, during a joint international users summit with its sister brands, this groundbreaking product reflects the company’s commitment to worldwide innovation and technological excellence.

Standing 0.9 meters tall with 22 degrees of freedom, Mobo supports over 20 languages—including Bahasa Malaysia—and delivers rich, personalized interactions. Designed for family life, it offers children interactive learning, storytelling, and object recognition, while providing elders with conversational companionship and customizable reminders. Powered by MoAgent, AiMOGA’s embodied intelligence system, Mobo features a dual-brain architecture enabling real-time responses, multi-tasking capabilities, and adaptive learning through facial recognition and secure MogaCloud integration.

Peng Xia, AiMOGA Robotics Executive Vice President, said Mobo’s spatial perception, interaction, execution, decision-making, and cognition layers form a perception-decision-execution-feedback loop. Spatial memory enables object retrieval, while social navigation recognizes pedestrian paths and interaction zones. Multimodal technologies coordinate language, facial expressions, and movement for natural interaction.

Beyond home use, Mobo shows strong potential in professional settings—from customer service to logistics—supporting AiMOGA’s vision of integrating robotics into everyday workflows.

Since its debut in August 2026, Mobo has attracted over 10,000 prospective users. Thirty-five were selected as Global User Experience Officers, receiving one year of complimentary use to help shape future improvements.

At the event, Guibin Zhang, AiMOGA Robotics General Manager, outlined strategies in R&D, cost optimization, sales and leasing. The “Platform Institute + Scenario Institute” model drives validation for bipedal, quadruped, and wheeled robots. Plans include 300 global experience centers and “Jia Tian Xia”, a robot leasing brand launching in Wuhu. Leveraging Chery’s manufacturing and platform resources enhances cost efficiency and scalability.

Notably, AiMOGA’s impact in Malaysia is amplified through strategic collaboration with sister brands Chery, OMODA & JAECOO, iCAUR, and LEPAS. Their partnership extends far beyond vehicle showrooms and daily operations—jointly developing integrated smart ecosystems that span mobility, retail, smart offices, and connected living.

As part of a global rollout with over 3,000 units deployed across 60+ markets, this initiative aims to bring intelligent, accessible robotics to more Malaysian families and businesses—enhancing productivity, convenience, and quality of life.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/aimoga-launches-global-robot-innovation-mobo-debuts-from-wuhu-empowering-homes-and-businesses-302917658.html

SOURCE AiMOGA Robotics

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