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TXN FY2025 Q3 예상 부합

Texas Instruments Incorporated 실적 발표

Oct 21, 2025 · 11:30 ET Haviva LahnMike BeckmanRafael Lizardi earningscall_biz
Buzzberg 분석

Moderate recovery expected; customers in wait-and-see mode

TI reported Q3 revenue of $4.7B (+14% YoY) and EPS of $1.48. The recovery continues at a slower pace; Q4 guidance is seasonally down on lower loadings and higher depreciation. Data center is a fast-growing segment, reaching ~$1.2B run rate. Management emphasized free cash flow growth and long-term positioning. Q3 revenue $4.7B, EPS $1.48 (includes $0.10 restructuring charge).

Buzzberg 분석 Moderate recovery expected; customers in wait-and-see mode TI reported Q3 revenue of $4.7B (+14% YoY) and EPS of $1.48. The recovery continues at a slower pace; Q4 guidance is seasonally down on lower loadings and higher depreciation. Data center is a fast-growing segment, reaching ~$1.2B run rate. Management emphasized free cash flow growth and long-term positioning. Q3 revenue $4.7B, EPS $1.48 (includes $0.10 restructuring charge). 전체 분석 보기분석 접기

TI reported Q3 revenue of $4.7B (+14% YoY) and EPS of $1.48. The recovery continues at a slower pace; Q4 guidance is seasonally down on lower loadings and higher depreciation. Data center is a fast-growing segment, reaching ~$1.2B run rate. Management emphasized free cash flow growth and long-term positioning. Q3 revenue $4.7B, EPS $1.48 (includes $0.10 restructuring charge).

  • Q4 guidance: revenue $4.22-4.58B, EPS $1.13-1.39; loadings cut to maintain inventory.
  • Industrial up 25% YoY, auto up high-single-digits, data center growing >50% YoY.
  • Inventory at $4.8B (215 days), flat QoQ; management comfortable with level.
매출$4.742B보고값
주당순이익(EPS)$1.48보고값
매출총이익률57.42%보고값
영업이익률35.07%보고값
근거 있는 핵심 내용 6개

지금 중요한 점

이번 발표에서 가장 의미 있는 변화를 정리했습니다.

01
Demand

Moderate recovery expected; customers in wait-and-see mode

02
Demand

Data center growth strong; to be broken out as market

03
Supply

Lower wafer starts to keep inventory flat to down

핵심 내용 3개 더 보기
04
Supply

Inventory target reached; high service level achieved

05
Capital Allocation

Free cash flow per share growth is key focus

06
Demand

China returned to normal; no repeat of pull-forward

보고 기간

보고 실적

지표보고값변화
매출$4.742B보고값
주당순이익(EPS)$1.48보고값
매출총이익률57.42%보고값
영업이익률35.07%보고값
잉여현금흐름$0.993B보고값
자본지출$1.197B보고값
향후 전망

향후 가이던스

지표기간범위중간값상태
주당순이익(EPS)FY2025 Q4$1.13–$1.39$1.26제시
매출FY2025 Q4$4.22B–$4.58B$4.4B제시
AI, 자본지출 및 수요 분석

경영진 분석

톤

Measured

Management described a moderate, slower-than-typical recovery with customer hesitancy, but expressed confidence in their inventory and capacity positioning.

자본지출

투자 및 생산능력

Management reaffirmed its 2025-2026 capex framework of $20-26 billion, but noted the probability of being lower is more likely given the moderate recovery. They continue to invest in new fabs in Sherman, Utah, and Lehigh, while winding down 150mm fabs, and expect to be at the lower end of capex if the recovery stays moderate.

방법론 및 범위

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