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some of our customers are experiencing some soft cancellations in their business
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2022 Q4
4 Dec 22
We're seeing weakness in Asia, especially China, but North America and Europe are holding up well.
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2022 Q4
4 Dec 22
operating margin increased 800 basis points year-over-year, finishing at a record 51.1%
Non-GAAP
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2022 Q4
4 Dec 22
Gross margin was 74%, up 310 basis points year-over-year
Non-GAAP
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2022 Q4
4 Dec 22
Consumer represented 13% of quarterly revenue and was up modestly sequentially and flat year-over-year. Despite a challenging year for the broader industry, Consumer finished up 8%
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2022 Q4
4 Dec 22
our Consumer business continued to grow despite industry-wide weakness
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2022 Q4
4 Dec 22
bookings remain the strongest in the Industrial and Auto, while Communications and Consumer are weaker
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2022 Q4
4 Dec 22
after a couple of months of slowing orders, we saw bookings stabilize during the quarter at what we'd consider relatively normal levels for entering our first quarter
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2022 Q4
4 Dec 22
As we noted last quarter, the uncertain and slowing macroeconomic environment has had some impact on demand.
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2022 Q4
4 Dec 22
we're still booking above what we're shipping.
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2022 Q3
3 Sep 22
consumer represented 13% of revenue and has now grown year-over-year for 7 consecutive quarters
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2022 Q3
3 Sep 22
our prosumer growth has been revitalized as companies implement future of work plans that encompass more immersive enterprise video conferencing.
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2022 Q3
3 Sep 22
you see these cancellations, this is a very small percent of the backlog
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2022 Q3
3 Sep 22
cancellations ticked modestly higher.
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2022 Q3
3 Sep 22
Comms and consumer weaker
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2022 Q3
3 Sep 22
I guess I'd like to focus on the slowdown in orders that you saw at the tail end of the quarter
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2022 Q3
3 Sep 22
The only geography/market that was down year-over-year was China consumer.
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2022 Q3
3 Sep 22
Days of inventory increased to 129
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2022 Q3
3 Sep 22
Gross margin was 74. 1%, up 250 basis points year-over-year, driven by higher utilization, favorable mix and synergy capture.
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2022 Q3
3 Sep 22
the diversity and growing design momentum across portables and prosumer is enabling us to grow despite the consumer market slowdown.
(No comment added)
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2022 Q3
3 Sep 22