Revenue Performance: Q4 revenue increased by 5.16% YoY, showing stability despite competitive market pressures. Q3 2024 revenue was $13.80 billion, marginally up by 0.08% QoQ.
Profitability Metrics:
- Gross Profit: $7.55 billion (YoY +13.52%), Gross Profit Margin 54.66%.
- Operating Income: $1.46 billion, down 17.99% YoY, indicating margin squeeze in operational efficiency.
- Net Income: $1.10 billion, significant growth YoY (+55.24%), but down 38.32% QoQ.
EPS: $2.67, with a robust YoY increase of 59.88% but a QoQ drop of 39.59%. These results underline the volatility of earnings in a challenging financial landscape.