The company said revenue for Q1 2024 was $3.491 billion, up 10% from Q1 2023. GAAP net income rose 25% to $991 million, and GAAP diluted earnings per share increased 28% to $3.16.

1. 01

   The company said revenue for Q1 2024 was $3.491 billion, up 10% from Q1 2023. GAAP net income rose 25% to $991 million, and GAAP diluted earnings per share increased 28% to $3.16.

2. 02

   The company said adjusted net income for Q1 increased 24% to $1,258 million, and adjusted diluted earnings per share rose 27% to $4.01. It said operating profit margin rose 350 basis points to 39.7% on a GAAP basis and 360 basis points to 49.8% on an adjusted basis.

3. 03

   The company gave full-year 2024 revenue growth guidance of 6.0% to 8.0%, which it said is 50 basis points higher than the previous guidance range. GAAP diluted EPS is $10.80 to $11.05, and adjusted diluted EPS is $13.85 to $14.10.

4. 04

   The company said it generated free cash flow of $851 million on cash provided by operating activities of $948 million in Q1, and that it paid $286 million in dividends and executed $500 million in share repurchases. It also said it plans additional share repurchases of about $1.3 billion through Q3 2024.

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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