2024-01-24
Ugly quarter from Texas Instruments but the results shouldn't really be a surprise. '23 into '24 were already expected to be weak with sales rebounding after that. Obviously we'll have to see how it plays out but shareholders should have already been aware of the situation. $TXN
Bloomberg
Texas Instruments reports Q4 revenue down 13% YoY to $4.08B, vs. $4.13B est., and FY 2023 sales down ~13% YoY, the company's biggest fall in over a decade
Ian King / Bloomberg :