Texas Instruments Incorporated reported fourth quarter 2020 revenues of $4.08 billion, net income of $1.69 billion and earnings per share of $1.80. Rich Templeton, TI's president and CEO, commented, "Revenues increased 7% sequentially, driven by strong demand in the automotive, personal electronics and industrial markets. Growth was 22% compared to the same quarter a year ago."
On the performance of the various segments, Templeton continued: "Revenue in Analog grew by 9%, while Embedded Processing grew by 11% sequentially. Compared to a year ago, the percentages are 25% and 14% respectively.
For the first quarter of 2021, TI expects revenue of $3.79 billion to $4.11 billion.
