Texas Instruments (Nasdaq: TXN) reported earnings on April 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Texas Instruments beat expectations on revenues and earnings per share.

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

Margins dropped across the board.

Revenue details
Texas Instruments booked revenue of $3.12 billion. The 35 analysts polled by S&P Capital IQ looked for revenue of $3.05 billion on the same basis. GAAP reported sales were 8.0% lower than the prior-year quarter's $3.39 billion.

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

EPS details
Non-GAAP EPS came in at $0.33. The 30 earnings estimates compiled by S&P Capital IQ anticipated $0.29 per share on the same basis. GAAP EPS of $0.22 for Q1 were 60% lower than the prior-year quarter's $0.55 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 49.1%, 180 basis points worse than the prior-year quarter. Operating margin was 17.9%, 890 basis points worse than the prior-year quarter. Net margin was 8.5%, 1,110 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $3.29 billion. On the bottom line, the average EPS estimate is $0.40.

Next year's average estimate for revenue is $13.49 billion. The average EPS estimate is $1.75.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,541 members out of 1,659 rating the stock outperform, and 118 members rating it underperform. Among 420 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 400 give Texas Instruments a green thumbs-up, and 20 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Texas Instruments is outperform, with an average price target of $35.39.

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