|
|
GAAP |
|
Non-GAAP | ||||||||||||||||
|
|
Q3 2013 |
Q2 2013 |
Q3 2012 |
|
Q3 2013 |
Q2 2013 |
Q3 2012 | ||||||||||||
|
Net revenue |
$ |
356.3 |
|
$ |
347.8 |
|
$ |
361.0 |
|
|
$ |
356.3 |
|
$ |
347.8 |
|
$ |
361.0 |
|
|
Gross margin |
40.3% |
|
42.5% |
|
43.1 |
|
|
43.1% |
% |
42.6% |
|
43.7% |
| ||||||
|
Operating margin |
3.1% |
|
5.6% |
|
7.6 |
|
|
10.6% |
% |
7.9% |
|
12.7% |
| ||||||
|
Net income |
$ |
5.4 |
|
$ |
13.0 |
|
$ |
21.6 |
|
|
$ |
37.7 |
|
$ |
25.3 |
|
$ |
43.0 |
|
|
Diluted EPS |
$ |
0.01 |
|
$ 0.03 |
|
$ |
0.05 |
|
|
$ |
0.09 |
|
$ |
0.06 |
|
$ |
0.10 |
| |
(In millions, except earnings per share data and percentages)
Revenue for the third quarter of 2013 was $356.3 million, a 2% increase compared to $347.8 million for the second quarter of 2013, and 1% lower compared to $361.0 million for the third quarter of 2012. Excluding the Serial Flash divestiture that occurred in September 2012 , third quarter 2013 revenue increased 2% from the third quarter of the prior year.
