The company said net revenues for the quarter ended June 29, 2024 increased $15.7 million (1.1%) to $1.512 billion. The result included unfavorable foreign currency effects of $26.1 million. On a constant currency basis, net revenues increased $41.8 million (2.8%).

1. 01

   The company said net revenues for the quarter ended June 29, 2024 increased $15.7 million (1.1%) to $1.512 billion. The result included unfavorable foreign currency effects of $26.1 million. On a constant currency basis, net revenues increased $41.8 million (2.8%).

2. 02

   The company said its gross margin for the quarter was 70.5%, up 150 basis points from 69.0% a year earlier. It also said operating income increased $42.1 million (25.3%) to $208.5 million. Its operating margin was 13.8%.

3. 03

   The company said net income for the quarter rose to $168.6 million from $132.1 million a year earlier. Diluted earnings per share were $2.61, compared with $1.96 a year earlier. It said restructuring-related and other charges had a negative impact of $0.09 and $0.38 per share, respectively.

4. 04

   The company said operating cash flow for the quarter was $277.3 million. It cited the following as factors reducing net cash and short-term investments: purchases of Class A common stock of $201.2 million, including tax withholdings on stock-based compensation, dividend payments of $47.5 million, and capital expenditures of $33.4 million.

Key figures

Quarter ended June 29, 2024

Revenue

$1.5B

Operating income

$209M

Net income

$169M

EPS

$2.61

Gross profit

$1.1B

Operating cash flow

$277M

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.

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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