Texas Instruments reported Q4 sales of $3.59 billion, up 14 percent from the same period a year ago. For the year TI reported a record revenue of $13.39 billion, a 6 percent increase over the previous year.

Net income in Q4 climbed to $655 million, up from $631 million in the previous sequential quarter and up from $490 million during the same period a year ago.  Net income for the full year also rose to $2.32 billion in 2005 compared to $1.861 in 2004.

Earnings per share were 40 cents in Q4 and were $1.39 for the year. Earnings per share included a stock-based compensation expense of 3 cents in Q4 and 7 cents for the year. The company began expensing stock options in the third quarter of 2005 and, therefore, equivalent stock-based compensation expense was not reflected in prior periods, the company said in a statement. Total stock-based compensation expense included in cost of revenue was $17 million in Q4 and $33 million for the year 2005.

TI’s semiconductor segment reported a 3 percent growth in sequential revenues in Q4  and 15 percent year-over-year to $3.23 billion, a new record.  The company attributed the rise to strong demand for its DSPs and analog chips used in communications and entertainment electronics.

Looking forward, TI expects revenue from continuing operations to be between $3.11 billion and $3.38 billion in Q1. The semiconductor unit is expecting sales of between $3.05 billion and $3.30 billion.

By: DocMemory
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