Technology
Electronic Components
$43.31B
87K
Key insights and themes extracted from this filing
Net sales for the quarter ended December 27, 2024, were $3,836 million, compared to $3,831 million for the quarter ended December 29, 2023, indicating a flat performance. This consistency suggests stable demand across the company's overall product portfolio.
Gross margin increased to $1,360 million compared to $1,324 million in the prior year. This increase is attributed to higher volume, partially offset by price erosion, indicating improved operational efficiency or pricing strategies.
Net income decreased to $528 million from $1,803 million in the prior year, driven by changes in income tax expense (benefit). This decline raises concerns about profitability and the impact of tax-related items on the bottom line.