The company said its revenue for Q1 2024 was $3.66 billion, down $718 million or 16% from a year earlier, mainly due to lower revenue from Analog and, to a lesser extent, Embedded Processing.

1. 01

   The company said its revenue for Q1 2024 was $3.66 billion, down $718 million or 16% from a year earlier, mainly due to lower revenue from Analog and, to a lesser extent, Embedded Processing.

2. 02

   The company said gross profit for Q1 was $2.10 billion, down $768 million or 27%, and gross margin fell from 65.4% to 57.2%. Net income was $1.11 billion and EPS was $1.20, compared with $1.71 billion and $1.85 a year earlier.

3. 03

   The company said cash flow from operations for the first 3 months of 2024 was $1.02 billion, down $143 million from a year earlier, and capital expenditures over the same period were $1.25 billion ($982 million a year earlier).

4. 04

   The company said it received net proceeds of $2.98 billion from the issuance of fixed-rate, long-term debt in the first 3 months of 2024, paid dividends of $1.18 billion, and held cash and cash equivalents of $2.48 billion and short-term investments of $7.91 billion as of March 31.

Key figures

Quarter ended March 31, 2024

Revenue

$3.7B

Operating income

$1.3B

Net income

$1.1B

EPS

$1.20

Gross profit

$2.1B

Operating cash flow

$1.0B

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.

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.