CLAIM #58064 · Texas Instruments Incorporated (TXN) · 2022Q1 earnings call · Apr 26, 2022 · due Apr 26, 2023
“Now, that's a small part of our revenue, but you saw it grow strongly last quarter. And as you look over the coming years, that probably will continue to be a strong grower, but it's just not a very large portion of our revenue.”
Dave Pahl · CEO
In context
“things like adding in the new manufacturing capacity that we have, investing in R&D, investing in new capabilities. So those are the things that we can control -- and that's what we'll stay focused on. Do you have a follow-on, Chris? Chris Danley: Yes. So if we take the COVID issues in China outside, how would -- any sort of end market commentary you would make, anything a little better or worse than your expectations, either during the quarter or going forward? Dave Pahl: Yes. The quarter came in, I'd say about what we expected. We were just slightly above the top end of our range overall. The quarter was driven by the industrial and automotive markets. We did see a strong growth in enterprise systems, as we had talked about. That was primarily from data center and enterprise computing. Now, that's a small part of our revenue, but you saw it grow strongly last quarter. And as you look over the coming years, that probably will continue to be a strong grower, but it's just not a very large portion of our revenue. So we continue to be pleased with the growth that we're seeing in industrial and automotive. That -- when you zoom out for a second, that is where the strategic focus has been for the company. And so, we're pleased to see that turn in to grow longer term. So, thank you, Chris, and we'll go to the next caller, please. Operator: Thank you. We'll hear next from Joe Moore with Morgan Stanley. Joe Moore: Great. Thank you. I wonder if you could address first in terms of -- you said you're still seeing strong expedite activity. Are the constraints that you guys are still seeing coming from your internal fab capacity from foundry back end? Can you just kind of give us an idea where the bottlenecks are? Rafael Lizardi: So I'll start. First, I want to maybe adjust what your premise a little bit. We”
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SEC filings for TXN ↗ · Claim quote is verbatim from the 2022Q1 earnings call.