Technology
Semiconductors
$53.45B
34.2K
Key insights and themes extracted from this filing
Q3 2024 revenue was $3.25 billion, a 5.4% decrease compared to $3.434 billion in Q3 2023, indicating a slowdown in demand. This is in line with management's expectations.
The company maintained a strong gross margin at 57.4%, but the GAAP operating margin was 30.5% in Q3 2024. This indicates some pressure on profitability despite the relatively high gross margin.
The company generated $779 million in cash from operations and a free cash flow of $593 million in Q3 2024, after accounting for capital expenditures of $186 million. This demonstrates strong cash generation capabilities.