The company said gross profit for the 3 months ended June 30, 2024 was $736.9 million (59.4% of net sales), down $754.1 million from $1.56 billion (68.1%) in the same period a year earlier.

10-QQuarterly reportFiled Aug 1, 2024Period of report Jun 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said gross profit for the 3 months ended June 30, 2024 was $736.9 million (59.4% of net sales), down $754.1 million from $1.56 billion (68.1%) in the same period a year earlier.
Net sales fell from the same period a year earlier for the 3 months ended June 30, 2024, the company reported, with mixed-signal microcontroller sales down 50.5%, analog sales down 47.8% and other product line sales down 24.7%. It cited economic conditions, including high customer inventory levels, as factors.
Net cash provided by operating activities was $377.1 million for the 3 months ended June 30, 2024, the company said, reflecting net income of $129.3 million adjusted for non-cash and non-operating items of $224.8 million, among other items. The figure was $993.2 million a year earlier.
The company said total debt principal was $6.20 billion as of June 30, 2024, and commercial paper was $288.0 million (March 31, 2024 $1.36 billion). Cash dividends paid in the first 3 months of fiscal 2025 were $242.6 million, and share repurchases were $72.7 million.

Key figures

Quarter ended June 30, 2024

Revenue: $1.2B
Operating income: $219M
Net income: $129M
EPS: $0.24
Gross profit: $737M
Operating cash flow: $377M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly Gross Profit and Gross Margin

The company said gross profit for the 3 months ended June 30, 2024 was $736.9 million (59.4% of net sales), down $754.1 million from $1.56 billion (68.1%) in the same period a year earlier.

Source · Based on the MD&A text of the filing

Net Sales Decline by Product Line

Net sales fell from the same period a year earlier for the 3 months ended June 30, 2024, the company reported, with mixed-signal microcontroller sales down 50.5%, analog sales down 47.8% and other product line sales down 24.7%. It cited economic conditions, including high customer inventory levels, as factors.

Source · Based on the MD&A text of the filing

Quarterly Operating Cash Flow

Net cash provided by operating activities was $377.1 million for the 3 months ended June 30, 2024, the company said, reflecting net income of $129.3 million adjusted for non-cash and non-operating items of $224.8 million, among other items. The figure was $993.2 million a year earlier.

Source · Based on the MD&A text of the filing

Debt, Dividends and Share Repurchases

The company said total debt principal was $6.20 billion as of June 30, 2024, and commercial paper was $288.0 million (March 31, 2024 $1.36 billion). Cash dividends paid in the first 3 months of fiscal 2025 were $242.6 million, and share repurchases were $72.7 million.

Source · Based on the MD&A text of the filing

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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