The company said GAAP revenue for Q2 2024 was $2.57 billion, up 5% from $2.45 billion a year earlier, and GAAP diluted earnings per share were $1.47, up 40% from $1.05. Adjusted earnings per share were $2.93, up 12%.

1. 01

   The company said GAAP revenue for Q2 2024 was $2.57 billion, up 5% from $2.45 billion a year earlier, and GAAP diluted earnings per share were $1.47, up 40% from $1.05. Adjusted earnings per share were $2.93, up 12%.

2. 02

   The company said GAAP operating margin for Q2 2024 was 22.3%, lower than 24.6% a year earlier, and that adjusted operating margin expanded 40 basis points to 45.2%. It said operating income was $572,623 thousand, down 5.0% from a year earlier.

3. 03

   The company continues to expect adjusted net revenue for 2024 to be between $9.17 billion and $9.30 billion, growth of 6% to 7%, and adjusted earnings per share to be between $11.54 and $11.70, growth of 11% to 12%. It said adjusted operating margin for the full year is expected to expand by up to 50 basis points.

4. 04

   The company reported net cash provided by operating activities of $1,153,199 thousand for the first half of 2024 (6 months), and said it used $900,047 thousand to repurchase common stock and $127,042 thousand to pay dividends over the same period. Its Board of Directors approved a dividend of $0.25 per share.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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