Financial Highlights for Q4 2024:
- Total Revenue: $2.55 Billion (QoQ: +1.00%, YoY: -8.58%)
- Gross Profit: $1.89 Billion (QoQ: +1.21%, YoY: +56.41%)
- Operating Income: $1.08 Billion (QoQ: -5.19%, YoY: +35.54%)
- Net Income: $1.23 Billion (QoQ: +255.19%, YoY: +1,348.29%)
- Earnings Per Share (EPS): $2.63 (QoQ: +254.71%, YoY: +1,361.11%)
The observed decline in revenue is attributed to market adjustments and competition while the sharp growth in net income and EPS reflects stringent cost control measures, operational efficiencies, and strategic capital allocation. The gross profit margin improved to approximately 74.3%, aiding profitability despite revenue challenges.