| Non-GAAP | ||||||
| Q1'24 | Q4'23 | Q1'23 | QoQ Change | YoY Change | ||
| Revenue ($k) | $457,885 | $454,012 | $451,065 | Up 0.9% | Up 1.5% | |
| Gross Margin | 55.7% | 55.7% | 57.7% | Flat | Down 2.0 pts | |
| Opex ($k) | $103,426 | $96,745 | $96,005 | Up 6.9% | Up 7.7% | |
| Operating Margin | 33.1% | 34.4% | 36.4% | Down 1.3 pts | Down 3.3 pts | |
| Net income ($k) | $137,492 | $140,852 | $146,008 | Down 2.4% | Down 5.8% | |
| Diluted EPS | $2.81 | $2.88 | $3.00 | Down 2.4% | Down 6.3% | |
| Revenue by End Market | ||||||||||
| Revenue | YoY Change | % of Total Rev | ||||||||
| End Market ($M) | Q1’24 | Q1’23 | $ | % | Q1’24 | Q1’23 | ||||
| Storage & Computing | $106.1 | $119.8 | (13.7) | (11.4%) | 23.2% | 26.6% | ||||
| Enterprise Data | 149.7 | 47.2 | 102.5 | 217.2% | 32.7% | 10.5% | ||||
| Automotive | 87.1 | 105.3 | (18.2) | (17.3%) | 19.0% | 23.3% | ||||
| Industrial | 30.2 | 47.5 | (17.3) | (36.4%) | 6.6% | 10.5% | ||||
| Communications | 46.7 | 67.9 | (21.2) | (31.2%) | 10.2% | 15.1% | ||||
| Consumer | 38.1 | 63.4 | (25.3) | (39.9%) | 8.3% | 14.1% | ||||
| Total | $457.9 | $451.1 | 6.8 | 1.5% | 100% | 100% | ||||
Ongoing Business Conditions
