The company said net revenue rose 55% over the prior-year period for the 3 months ended October 2, 2026, and Cloud revenue, which accounted for 88% of total revenue, increased 54%.

1. 01

   The company said net revenue rose 55% over the prior-year period for the 3 months ended October 2, 2026, and Cloud revenue, which accounted for 88% of total revenue, increased 54%.

2. 02

   Gross profit rose $1.31 billion, or 14 percentage points, from the prior-year quarter. The company cited improved pricing, higher shipment volumes and a lower cost structure on newer-generation products as the drivers.

3. 03

   The company said cash used in financing activities in the quarter consisted of share repurchases of $1.00 billion, a partial settlement of Convertible Notes of $570 million, taxes paid on vested stock awards of $317 million and dividends of $56 million. Net borrowings of $300 million under its Revolving Credit Facility partially offset these uses.

4. 04

   The company said Convertible Notes with an aggregate principal amount of $141 million remained outstanding as of October 2, 2026. It issued a notice of redemption on September 14, 2026 to redeem the notes on November 16, and it expects most holders to convert before the redemption date.

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.

Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC 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.