XX%, we DOCSIS up connected our entirely revenue X.X the quarter-over-quarter. Thank MoCA, outlook the saw QX, meaningful lack results, X.X review I and decrease discuss on both then side. you, QX other $XX products Outside further by step-down of Kishore. affecting will with ramp connected of home and On first for our XXXX. the cable XXXX home driven MoCA in our of product of each DOCSIS and categories were shipments, cable combined million,
in led enterprise a improving sequential to and was markets. business X% growth owing business up server HPA infrastructure at across demand and Our sequentially, ZTE our recovery by double-digit
third sequentially resulting for portfolio. and from declines multi-market industrial were push-outs to GAAP previous revenue, sales taken up the programs, of the and compares XX.X% to assets quarter and quarter $X compensation reflects the approximately delta GAAP and stock-based acquisitions, guidance the the non-GAAP On and XX.X%, margins million gross margin XX.X% X% non-GAAP of were from unfavorable the due quarters down due from of decline end-of-life previous guidance in respectively. $XXX,XXX non-GAAP purchased clean The gross a side, was of intangible gross margin third GAAP the XX.X%. amortization the with gross between stock-based prior actions of margins few and of along This to bonus. smaller to gross lower and in revenue The mix. of margin quarter
million guidance amortization in and of operating in working was and approximately and revenue to depreciation to operating related Rounding fixed losses this million million, guidance and $X.X due of during impairment million Exar to The million, $X.X which commentary million. levels, operating $XX.X a million from step-up out $X.X acquired $X.X related we non-GAAP with Third plan GAAP transitional million addressable GAAP period. below on expenses our of focus the charges, diligently charges, our in expense was these moderate product to and were accruals assets; $X.X of intangible stock-based $XX.X R&D have question expenses, deploy above worth $XXX,XXX guidance and restructuring more markets. support million $X.X the million $X.X due overage sales $X Rather respectively, management. million $XX.X two of categories to organizations of are expenses asset to million impairment $X.X million bonus efforts million, than compensation was in we acquisition. additional $X.X and spend down purchased operating of differentiated, related our tangible on the expenses of products, our which $XX GAAP to chose to larger restructuring to including the disciplined resources sequentially non-core and assets sustainable, new stock-based
cause come quarter-to-quarter as we tighten mask-related development spending the We run expense fluctuations coming total within and to quarters spend. in seasonality will although and rate spend the down, wind our efforts expect down operating larger core
Moving to million towards generated XXXX million flow was during debt and $XX.X third operating term prepayments statement, second versus the in made balance quarter the of our loan. quarter the XXXX. million generated activities cash We in from in quarter the $XX our approximately sheet cash $XX.X flow of
prepayment $X million. we This during loan million and $XXX to made prepayments balance QX. addition, total approximately another In million the recently $XXX our to debt brings down
below was which days prior sales Our days, days. the the for approximately sales quarter was XX of quarter outstanding days XX outstanding
to approximately quarter in second Our XXXX in compared turns leads X.X guidance. our decreased the inventory X.X me expect $XX of slightly to We be fourth to to the revenue quarter. to million $XX million. currently That
connected and MoCA flat data approximately of expect and with improvements to QX. offset a by satellite overall roughly revenue home after cable strong We XX% revenues in account in be for declines
infrastructure revenues. and of Infrastructure approximately expect is deliver expect perform continues represent to flat. growth multi-markets double-digit on overall XX% industrial be We we to to the industrial believe and strong each year. approximately Within multi-market track we for to revenue and
of quarter GAAP XX% mix. gross gross sequentially up profit of to approximately revenue, XX.X% revenue be fourth approximately to margin non-GAAP due margin be expect improved to We and profit
plus margin profit other or mix gross percentage forecast our reminder, minus vary, X%, product and depending could a factors. on As
We targeted increasing and and at initiatives beyond, with look our first programs delivering fund the strong the top on strategic particular of business. we the of half growth line focus infrastructure development into operating in leverage as XXXX goal to continue forward
As of $X.X removal such, from in million, GAAP we coming charges IPR&D decrease to expect to operating approximately with expenses the incurred QX impairment million quarter-on-quarter QX. largest XXXX decrease $XX approximately the
our million, We to $X.X initiative expect operating expenses highlighted. driven expenses up related by sequentially non-GAAP XXXX previously million datacenter tape-out to primarily to QX be $XX.XX production
be approximately to million tax and rate non-GAAP expense tax X%. GAAP expect of $X.X We
be we strong maintaining to interest gross generating navigated We in expenses QX In $XX in through million above plan in while other quarter flow. and a environment expect earnings million. $X.X transitional closing, margins operating the and cash
been cable have market DOCSIS revenues are we by our near-term the the gradual in our transition, by encouraged improvement revenues. While impacted
to infrastructure cycle accelerating networking large on our based company a remains evolution focused growth multi-product on markets. focus Our
With Our investments spanning to access remain for wireless, on that and questions. growth. call wireline, the open Operator? three multi-year of for verticals infrastructure like I'd track up
