Texas Instruments has managed to almost triple its earnings in Q2, posting total second quarter revenue of $3.50 billion, net income of $769 million and earning per share of 62 cents.
That means earnings per share were up a huge 210 percent since Q2 2009, when they were at 20 cents. Its operating profit was up 223 percent, net income was up 196 percent from $260 million the same time last year and revenue was up 42 percent from $2,457 million Q2 2009 to $3,496 million this quarter.
It’s a substantial increase from Q1 this year as well – revenue was up nine percent and net income was up 17 percent. Earnings per share were up 19 percent.
Of Texas Instrument’s four major segments, analog was the biggest earner bringing in revenue of $1,512 million and profit of $472 million. Embedded processing had revenue of $516 million while profit was at $115 million. Wireless got $727 million and profit of $165 million, while other operations totaled at $741 million in revenue and $355 million in operating profits.
Orders were $3.73 billion which is up 33 percent year-on-year and up two percent from the first quarter. Inventory clocked in at $1.35 billion at the end of Q2, which is up $286 million from the previous year and $73 million from Q1.
TI is expecting to keep on growing, with its third quarter outlook expectations at between $3.55 and $3.85 billion in revenue. It expects earnings per share to reach between $0.64 and $0.74.