(In thousands, except percentages and per-share data)
|
|
GAAP |
|
NON-GAAP1 |
||||||||||||
|
|
FY 2019 |
|
FY 2018 |
|
FY 2019 |
|
FY 2018 |
||||||||
Revenue |
|
$ |
2,205,314 |
|
|
$ |
2,483,840 |
|
|
$ |
2,205,314 |
|
|
$ |
2,483,840 |
|
Gross margin |
|
37.6 |
% |
|
37.5 |
% |
|
47.1 |
% |
|
46.8 |
% |
||||
Operating margin |
|
5.6 |
% |
|
6.6 |
% |
|
21.1 |
% |
|
22.8 |
% |
||||
Net income |
|
$ |
40,428 |
|
|
$ |
354,592 |
|
|
$ |
423,531 |
|
|
$ |
508,975 |
|
Diluted EPS |
|
$ |
0.11 |
|
|
$ |
0.95 |
|
|
$ |
1.09 |
|
|
$ |
1.36 |
|
| 1. | See the “Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures” tables (“Non-GAAP Results” tables) included below. |
REVENUE SUMMARY (In thousands, except percentages) (Unaudited) |
||||||||||||
|
Three Months Ended |
|
|
|||||||||
|
December 29,
|
|
September 29,
|
|
December 30,
|
|
Sequential
|
|
Year-over-year
|
|||
| Business Unit 1 |
|
|
|
|
|
|
|
|
|
|||
| MCD |
$ |
401,292 |
|
$ |
410,748 |
|
$ |
355,793 |
|
(2.3)% |
|
12.8% |
| MPD 2 |
158,276 |
|
163,773 |
|
248,681 |
|
(3.4)% |
|
(36.4)% |
|||
| Total |
$ |
559,568 |
|
$ |
574,521 |
|
$ |
604,474 |
|
(2.6)% |
|
(7.4)% |
|
|
Three Months Ended |
||||
|
|
December 29, 2019 |
|
September 29, 2019 |
|
December 30, 2018 |
| End Use |
|
|
|
|
|
| IoT |
40.0% |
|
42.6% |
|
31.5% |
| Automotive |
39.3% |
|
36.5% |
|
35.5% |
| Legacy |
20.7% |
|
20.9% |
|
33.0% |
| Total |
100% |
|
100% |
|
100% |
| 1. | The Microcontroller and Connectivity Division ("MCD") includes microcontroller, wireless connectivity and USB products and the Memory Products Division ("MPD") includes RAM, Flash and AgigA Tech products. |
| 2. | MPD revenue for the three months ended December 29, 2019 and September 29, 2019 reflect divestment of our NAND business to a newly formed joint venture, which was completed on April 1, 2019. |
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