Technology
Semiconductors
$6.82B
9K
Key insights and themes extracted from this filing
Revenue decreased by 14.7% YoY, driven by a shift among smartphone customers to lower RF content 5G smartphones and a higher percentage of mass market Android smartphones. This indicates a challenge in maintaining revenue in a changing market landscape.
Gross margin increased to 42.7% compared to 36.1% in the prior year, despite the revenue decline. This improvement is attributed to a favorable business mix, suggesting a shift towards higher-margin products or services.
Operating income was $53.0 million compared to an operating loss of $41.6 million in the prior year. This improvement is likely due to the improved gross margin and cost-cutting measures.