Texas Instruments (Nasdaq: TXN) reported earnings on Jan. 22. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q4), Texas Instruments beat slightly on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank and GAAP earnings per share contracted.

Gross margins were steady, operating margins shrank, net margins grew.

Revenue details
 Texas Instruments logged revenue of $2.98 billion. The 36 analysts polled by S&P Capital IQ expected revenue of $2.95 billion on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $3.42 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.36. The 31 earnings estimates compiled by S&P Capital IQ anticipated $0.34 per share. GAAP EPS of $0.23 for Q4 were 8.0% lower than the prior-year quarter's $0.25 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 48.5%, about the same as the prior-year quarter. Operating margin was 19.8%, 190 basis points worse than the prior-year quarter. Net margin was 8.9%, 20 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $2.90 billion. On the bottom line, the average EPS estimate is $0.34.

Next year's average estimate for revenue is $12.30 billion. The average EPS estimate is $1.77.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,537 members out of 1,662 rating the stock outperform, and 125 members rating it underperform. Among 416 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 394 give Texas Instruments a green thumbs-up, and 22 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Texas Instruments is hold, with an average price target of $29.46.

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