The company said revenue for the quarter ended March 29, 2024 was $1,862.7 million, down $97.0 million (about 5%) from $1,959.7 million a year earlier. It said revenue from PSG rose about 2%, while AMG fell about 6% and ISG fell about 18%.

10-QQuarterly reportFiled Apr 29, 2024Period of report Mar 29, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said revenue for the quarter ended March 29, 2024 was $1,862.7 million, down $97.0 million (about 5%) from $1,959.7 million a year earlier. It said revenue from PSG rose about 2%, while AMG fell about 6% and ISG fell about 18%.
The company said gross profit decreased by $63.9 million to $853.6 million from $917.5 million a year earlier. It cited the decline in existing product revenue as having negatively affected gross profit by approximately $142 million, partially offset by an increase of approximately $45 million in gross profit from new product sales.
The company said operating cash flow for the quarter was $498.7 million, an increase of $89.8 million from $408.9 million a year earlier. Cash used in investing activities was $235.3 million, and cash used in financing activities was $130.8 million.
The company said it settled the remaining warrants related to the 1.625% Notes during the quarter by issuing 4.0 million shares on a net-share basis. It also disclosed that it repurchased about 1.3 million shares for a total of $100.0 million.

Key figures

Quarter ended March 29, 2024

Revenue: $1.9B
Operating income: $525M
Net income: $453M
EPS: $1.04
Gross profit: $854M
Operating cash flow: $499M

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 the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly Revenue Decline and Segment Changes

The company said revenue for the quarter ended March 29, 2024 was $1,862.7 million, down $97.0 million (about 5%) from $1,959.7 million a year earlier. It said revenue from PSG rose about 2%, while AMG fell about 6% and ISG fell about 18%.

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

Gross Profit Decline and Company Explanation

The company said gross profit decreased by $63.9 million to $853.6 million from $917.5 million a year earlier. It cited the decline in existing product revenue as having negatively affected gross profit by approximately $142 million, partially offset by an increase of approximately $45 million in gross profit from new product sales.

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

Operating, Investing and Financing Cash Flows

The company said operating cash flow for the quarter was $498.7 million, an increase of $89.8 million from $408.9 million a year earlier. Cash used in investing activities was $235.3 million, and cash used in financing activities was $130.8 million.

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

Warrant Settlement and Share Repurchases

The company said it settled the remaining warrants related to the 1.625% Notes during the quarter by issuing 4.0 million shares on a net-share basis. It also disclosed that it repurchased about 1.3 million shares for a total of $100.0 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 ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.