Texas Instruments Inc.

**Third Quarter Performance**: Texas Instruments reported revenue of $4.2 billion for Q3 2024, marking a 9% sequential increase but an 8% year-over-year decline. Key segments saw varying performance: Analog revenue fell by 4% YOY, Embedded Processing was down 27%, and other segments decreased by 5%. However, Personal Electronics grew 30%, Enterprise Systems was up 20%, and Communication Equipment increased by 25%, hinting at a cyclical recovery in these markets.

**Automotive Market Strength**: The automotive segment showed strong growth of 7%-8% sequentially, primarily driven by a surge in demand in China. The company expects this growth to continue due to rising electric vehicle (EV) production and increased content gains in Chinese automakers, though challenges persist in other geographic markets outside China.

**Outlook for Q4 2024**: TI anticipates Q4 2024 revenue in the range of $3.7 billion to $4 billion, and earnings per share between $1.07 and $1.29. The guidance reflects seasonal challenges and ongoing inventory corrections, particularly in industrial and non-China automotive markets.