| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $651M | $1.2B | 69.5% | -4.7% |
| Op. Income | $151M | -$48M | $262M | 414.6% | -42.1% |
| Gross Margin | 44.4% | 35.2% | 46.5% | 9.2pp | -2.2pp |
| Net Margin | 8.8% | -6.7% | 16.3% | 15.5pp | -7.5pp |
| EPS (Diluted) | $0.99 | $-0.44 | $1.82 | 325.0% | -45.6% |
| Free Cash Flow | $64M | $5M | $220M | 1088.2% | -70.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $614M |
| GROSS PROFIT | $490M |
| R&D Expenses | $175M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $104M |
| Other Expenses | $60M |
| Operating Expenses | $338M |
| Cost & Expenses | $952M |
| OPERATING INCOME | $151M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $79M |
| EBIT | $157M |
| EBITDA | $236M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $614M |
| GROSS PROFIT | $490M |
| R&D Expenses | $175M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $104M |
| Other Expenses | $60M |
| Operating Expenses | $338M |
| Cost & Expenses | $952M |
| OPERATING INCOME | $151M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $79M |
| EBIT | $157M |
| EBITDA | $236M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $97M |
| Depreciation & Amortization | $79M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | $61M |
| Change in Working Capital | -$204M |
| OPERATING CASH FLOW | $93M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | -$109M |
| FREE CASH FLOW | $64M |
| Net Change in Cash | -$38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $707M |
| Short-Term Investments | $0 |
| Net Receivables | $621M |
| Inventory | $840M |
| Other Current Assets | $46M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $1.1B |
| Goodwill | $2.7B |
| Intangible Assets | $473M |
| Long-Term Investments | $26M |
| Tax Assets | $0 |
| Other Non-Current Assets | $187M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $275M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $93M |
| TOTAL CURRENT LIABILITIES | $672M |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $181M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $3.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $35M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $2.0B |
| Net Debt | $1.3B |
