TI reports 2Q14 financial results and shareholder returns

Certain amounts in the prior period's financial statement have been reclassified to conform to the current presentation.

2Q14 segment results






   2Q14

   2Q13

Change

Analog:




       Revenue

$ 1,995

$ 1,745

14%

       Operating profit

$    664

$    416

60%





Embedded Processing:




      Revenue

$    703

$    618

14%

      Operating profit

$    104

$      54

93%





Other:




      Revenue

$    594

$    684

-13%

      Operating profit*

$    214

$    436

-51%





* Includes Acquisition charges and Restructuring charges/other.

Compared with the year-ago quarter:

Analog:  (includes High Volume Analog & Logic, Power Management, High Performance Analog and Silicon Valley Analog) 

  • Revenue increased primarily due to Power Management.  High Performance Analog, High Volume Analog & Logic and Silicon Valley Analog also grew. 
  • Operating profit increased primarily due to higher revenue and associated gross profit.    

Embedded Processing:  (includes Processors, Microcontrollers and Connectivity)

  • Revenue increased primarily due to Processors and Microcontrollers, both of which grew about the same amount.  Connectivity also grew.
  • Operating profit increased due to higher revenue and associated gross profit.

 Other:  (includes DLP® products, custom ASIC products, calculators, royalties and legacy wireless products)

  • Revenue declined due to legacy wireless products.        
  • Operating profit decreased due to the non-recurrence of a gain associated with the transfer of wireless connectivity technology.

Non-GAAP financial information 

Revenue excluding legacy wireless

This release includes a reference to TI's revenue excluding legacy wireless product revenue.  The company believes this measure, which was not prepared in accordance with generally accepted accounting principles in the United States (GAAP) and is supplemental to the comparable GAAP measure, provides investors with insight into TI's underlying business results.

Reconciliation to the most directly comparable GAAP measure is provided in the table below.



For Three Months Ended June 30,





2014


2013


Change








Revenue (GAAP)


$            3,292


$            3,047


8%

Legacy wireless revenue


(5)


(148)



TI Revenue less legacy wireless revenue (non-GAAP)


$            3,287


$            2,899


13%


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