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we feel strongly we are at the beginning of the industrial recovery
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2024 Q2
22 May 24
we reduced channel inventory this quarter with weeks ending at approximately 8
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2024 Q2
22 May 24
global manufacturing PMIs, which are highly correlated with our core business are improving, customer inventories are stabilizing, and our bookings have improved for a third consecutive quarter
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2024 Q2
22 May 24
With 2Q now behind us, we believe we've passed the low point of this cycle.
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2024 Q2
22 May 24
we're planning to reduce channel inventory further in Q3
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2024 Q2
22 May 24
This will be more than a year of undershipping consumption, one reason we believe inventory headwinds have stabilized for industrial.
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2024 Q2
22 May 24
we expect Q2 was the bottom for industrial
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2024 Q2
22 May 24
So industrial, obviously, is our most diversified and profitable end market, and it's weathered an unprecedented broad-based inventory correction over the past year.
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2024 Q2
22 May 24
all subsegments in Industrial grew in the fourth quarter
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2022 Q4
4 Dec 22
industrial market, which has remained resilient and strong
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2022 Q4
4 Dec 22
we saw orders start to stabilize about midway through the fourth quarter and into the first couple of weeks here of the first quarter
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2022 Q4
4 Dec 22
last year, the first half of the year, we had orders at historical highs. And then last quarter in the earnings call, we called out that orders are beginning to slow, and that's a decline actually continued into the fourth quarter.
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2022 Q4
4 Dec 22
our strong position in radio signal chains is enabling the 5G rollout globally
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2022 Q4
4 Dec 22
our commitment to return 100% of free cash flow to shareholders in '22, returning $4.6 billion through share repurchases and dividends
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2022 Q4
4 Dec 22
some of our peers have cited weakness in -- I think they're calling it consumer industrial. We, on the other hand, put that business into our consumer. We call it the prosumer business, professional audio, video, et cetera.
So when comparing us to peers, you'll see that our Industrial may be more pure Industrial.
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2022 Q4
4 Dec 22
We are seeing onshoring, reshoring.
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2022 Q4
4 Dec 22
orders stabilizing and the backlog coverage that we have out
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2022 Q4
4 Dec 22
there was bookings our strongest in Industrial and Auto, not surprising and weaker in Comms and Consumer, which I reflected in the guide
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2022 Q4
4 Dec 22
given the long life of our products, we always carry a pretty minimal risk of obsolescence
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2022 Q4
4 Dec 22
lead times have come down overall sequentially from 3Q to 4Q
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2022 Q4
4 Dec 22