- Revenue: $6.5 billion, YoY: -7.9%, QoQ: +3.7%
- Gross Profit: $531 million, YoY: -17.3%, QoQ: +12.7%
- Operating Income: $297 million, YoY: -14.7%, QoQ: +27.5%
- Net Income: $214 million, YoY: +8.6%, QoQ: +54.0%
- EPS: $0.64, YoY: +17.4%, QoQ: +54.3%
- Operating Margin: 5.5%, a substantial increase from prior quarters, reinforcing management effectiveness in optimizing cost structures.
- Free Cash Flow: $216 million, supporting ongoing repurchase programs with a total of $300 million in stock repurchased year-to-date.
Management attributed improvements in margin performance primarily to increasing contributions from high-margin segments such as cloud services, while maintaining robust operational efficiency across their units. Additionally, ongoing inventory management reduced net inventory by 6% sequentially and 21% YoY, indicating a strong focus on operational agility.