Texas Instruments reported quarterly earnings of $2.62 per share, which beat the analyst consensus estimate of $2.41. The company advised that EPS included a one-cent reduction that was not in its original guidance. Quarterly revenue of $6.06 billion beat the Street estimate of $5.92 billion and was up from $4.74 billion in the same period last year. Texas Instruments’ CEO Haviv Ilan gave the following comments: “Revenue increased 11% sequentially and 28% from the same quarter a year ago, with continued broad growth in industrial, automotive and data center.” “Our cash flow from operations of $9.9 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 $8.4 billion.” “Over the past 12 months, we invested $4.0 billion in R&D and SG&A, invested $2.6 billion in capital expenditures and returned $5.8 billion to owners.” “TI’s fourth quarter outlook is for revenue in the range of $5.80 billion to $6.30 billion and earnings per share between $2.45 and $2.79.”