🔹 Revenue: $916.3M (Est. $841.15M) 🟢; DOWN -14.7% YoY
🔹 Non-GAAP EPS: $1.61 (Est. $1.38) 🟢; DOWN -23.3% YoY
🔹 Gross Margin: Non-GAAP: 46.5% (YoY +2.7 ppt)
Q4'25 Guidance
🔹 Revenue: $850M ± $25M (Est. $830M) 🟡
🔹 Non-GAAP Gross Margin: 43%-44%
🔹 Non-GAAP EPS: $0.90-$1.10 (Est. $0.86)
Segment Performance
High-Performance Analog (HPA)
🔹 Revenue: $171.7M (Est. $188M) 🔴; UP +44.4% YoY
🔹 Operating Margin: 19.0% (YoY +17.7 ppt) 🟢
🔹 Highlights: Record quarterly revenue in Defense & Aerospace; continued growth expected in Q4.
Connectivity and Sensors Group (CSG)
🔹 Revenue: $109.5M (Est. $123M) 🔴; FLAT YoY
🔹 Operating Margin: -10.7% (YoY +12.8 ppt) 🔴
Advanced Cellular Group (ACG)
🔹 Revenue: $635.1M (Est. $530M) 🟢; DOWN -24.9% YoY
🔹 Operating Margin: 25.4% (YoY -5.8 ppt) 🔴
🔹 Drivers: Narrowed focus on premium-tier Android 5G portfolio.
Financial Commentary
Proactive Cost Measures:
- Reduced Android business support expenses to improve gross margin in FY2026.
- Divested silicon carbide business.
Balance Sheet & Cash Flow:
🔹 free Cash Flow: $492M (Est. $110.43M) 🟢
🔹 Capital Expenditures: $41.2M
