3Q13 segment results
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3Q13 |
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3Q12 |
Change |
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2Q13 |
Change |
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Analog: |
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Revenue |
$ 1,931 |
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$ 1,843 |
5% |
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$ 1,745 |
11% |
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Operating profit |
$ 583 |
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$ 460 |
27% |
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$ 416 |
40% |
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Embedded Processing: |
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Revenue |
$ 668 |
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$ 591 |
13% |
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$ 618 |
8% |
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Operating profit |
$ 83 |
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$ 60 |
38% |
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$ 54 |
54% |
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Other: |
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Revenue |
$ 645 |
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$ 956 |
-33% |
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$ 684 |
-6% |
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Operating profit* |
$ 178 |
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$ 320 |
-44% |
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$ 436 |
-59% |
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* Includes Acquisition charges and Restructuring charges/other. | |||||||
Analog: (includes High Volume Analog & Logic, Power Management, High Performance Analog and Silicon Valley Analog)
- Compared with a year ago, revenue increased primarily due to higher Silicon Valley Analog revenue. High Performance Analog and Power Management revenue also increased, while High Volume Analog & Logic revenue was about even.
- Compared with the prior quarter, revenue grew due to higher revenue from all four product lines, with Power Management up the most.
- Operating profit increased from a year ago due to higher gross profit. Compared with the prior quarter, operating profit increased due to higher revenue and associated gross profit.
Embedded Processing: (includes Processors, Microcontrollers and Connectivity)
- Compared with the year-ago quarter, the increase in revenue was due to growth in all three product lines.
- Compared with the prior quarter, revenue increased primarily due to Processors. Revenue from Microcontrollers and Connectivity also increased.
- Operating profit increased from a year ago due to higher revenue and associated gross profit, which was partially offset by higher operating expenses. Compared with the prior quarter, operating profit increased due to higher revenue and associated gross profit.
Other: (includes DLP® products, custom ASIC products, calculators, royalties and legacy wireless products)
- Compared with the year-ago quarter, revenue declined primarily due to lower revenue from legacy wireless products, and to a lesser extent, the nonrecurrence of business interruption insurance proceeds that were in the year-ago quarter. Revenue from DLP and custom ASIC products also declined, while revenue from calculators and royalties increased.
- Compared with the prior quarter, revenue declined due to lower revenue from legacy wireless products. Revenue from calculators, custom ASIC products and royalties increased. Revenue from DLP products was about even.
- Operating profit decreased from a year ago due to lower revenue and associated gross profit and higher Restructuring charges/other, which resulted from the nonrecurrence of a gain from a change in a Japan pension program in the year-ago quarter. These were partially offset by lower operating expenses resulting from the wind-down of the legacy wireless operations. Operating profit decreased from the prior quarter due to higher Restructuring charges/other, which in the prior quarter included a gain from the transfer of wireless connectivity technology to a customer.
Non-GAAP financial information
Revenue excluding legacy wireless
This release includes references to TI's revenue and revenue outlook excluding legacy wireless products. These measures, which were not prepared in accordance with generally accepted accounting principles (GAAP) in the United States, provide investors with insight into TI's underlying business results and are supplemental to the comparable GAAP measure.
