Texas Instruments Incorporated (NASDAQ:TXN) Q3 2023 Earnings Call Transcript

Dave Pahl: Sure. Yes. So and I may have mentioned this earlier, but almost all of our catalog products are available on ti.com for immediate shipment. And so, as we approach our desired level of inventory, we’ve got a product that is positioned both in finished goods as well as in wafer form to be able to restock that. Of course, lead times, therefore, are what I described normal levels and continue to be consistent. And there’s probably no time that we don’t — with so many different products and so many different customers. We’ll have hotspots, but they are very few and far between and our ability to close those is very — we’ve got flexible manufacturing as most of our production is fungible. So with that, I’ll ask Rafael to wrap up the call for us.

Rafael Lizardi: All right. Let me wrap up by reiterating what we have said previously. At our core were engineers and technologies, the foundation of our company but ultimately, our objective and the best metric to measure progress and generate value for owners is a long-term growth of free cash flow per share. While we strive to achieve our objective, we will continue to pursue our three ambitions. We will act like owners who will own the company for decades. We will adapt and succeed in a world that’s ever changing and we will be a company that we are personally proud to be part of and would want as our neighbor. When we are successful, our employees, customers, communities and owners all benefit. Thank you, and have a good evening.

Operator: This concludes today’s conference, and you may disconnect your lines at this time. Thank you for your participation.