The company said revenue for Q1 2024 (ended March 31, 2024) was $3,126 million, almost flat from $3,121 million a year earlier. GAAP gross margin was 57.0%, GAAP operating margin was 27.4%, and non-GAAP operating margin was 34.5%.

1. 01

   The company said revenue for Q1 2024 (ended March 31, 2024) was $3,126 million, almost flat from $3,121 million a year earlier. GAAP gross margin was 57.0%, GAAP operating margin was 27.4%, and non-GAAP operating margin was 34.5%.

2. 02

   The company said operating cash flow for Q1 2024 was $851 million, and non-GAAP free cash flow, after net capital expenditures of $224 million, was $627 million.

3. 03

   The company said it returned a total of $564 million to shareholders in Q1 2024, paying cash dividends of $261 million and repurchasing shares for $303 million. It also fully repaid the $1 billion 4.875% senior unsecured notes at maturity on March 1, 2024.

4. 04

   The company gave revenue guidance for Q2 2024 of $3,025 million to $3,225 million (midpoint $3,125 million) and non-GAAP operating margin of 33.1% to 35.0%. The company said this outlook is only a prediction and actual results may differ significantly.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. 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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