1. Revenue Performance:
- Total Revenue: $1.883 billion, down 3.19% YoY, down 7.01% QoQ.
- Gross Profit: $1.427 billion, a 0.78% increase from the prior year, but a 9.05% decrease compared to last quarter.
2. Profitability Metrics:
- Operating Income: $377 million, up 3.29% YoY, down 1.82% QoQ.
- Net Income: $293 million, improved by 1.03% from last year despite a 0.34% decrease from last quarter.
- EPS: Earnings per share increased to $1.12, a 3.70% rise YoY.
3. Balance Sheet Health:
- Cash and Cash Equivalents: $2.776 billion, with short-term investments at $379 million leading to a solid liquidity position.
- Total Liabilities: $6.039 billion against total assets of $13.451 billion, resulting in a stable debt-to-equity ratio of 0.263.
4. Cash Flow Analysis:
- Net Cash from Operating Activities: $1.176 billion, indicating strong operational cash flow.
- Free Cash Flow: $1.126 billion highlights effective capital management and the ability to invest in future growth.