and second quarter you, Thank to our welcome, earnings everyone, Tom, call.
and/or guidance, remainder the expense charges. other the other than cash revenue, restructuring will I call, and For non-IFRS including interest compensation and metrics, reference CapEx net share-based which of other flow, exclude
to quarterly provided As Tom our due increase of a the utilization X% our billion, $X.XXX but of decrease over represented We results to we the of lower consistent principally quarter, which the prior revenue call. year-over-year, a levels mid-XXs, the low and update. our last the exceeded ranges second earnings shipments second quarter XX% delivered commentary with in last on midpoint quarter guidance in noted,
in wafers price flat XX% prior revenue. average our accounted from the reticles, selling wafer down second ASP from per equivalent Wafer year-over-year. X% quarter, shipped non-wafer period. accounted for XX% total from of We expedite and revenue the XXX,XXX-millimeter fees includes other the items, approximately revenue for was XX% up sequentially or markets and nonrecurring approximately revenue, end total which revenue quarter. approximately engineering, of year for
on Let update revenue. Smart XX% me now markets. our an Mobile quarter's devices approximately total end the of revenues provide by represented
Second year to the modestly quarter prior X% decreased approximately principally from revenue increased approximately due and XX% lower period, shipments. sequentially
This mobile partially devices. improvement continued by decline an and driven smart growth was in by ASP in offset content premium mix, tier
the mobile content As smart continues first support levels during half we positioned silicon customers XXXX, market this of have devices inventory features as in begun to grow. our that Tom normalize market the we to discussed, in well end and believe when this rebounds and end are to
quarter, the industrial total home second and XX% markets of for quarter's In IoT the the approximately revenue. revenue represented
segment revenue sequentially the improvements by channel the quarter the IoT Aerospace our as quarter's continue year X% approximately of partially growth mix Shipments period in and in decreased to Defense and segment.
Automotive inventories. approximately volumes consumer-centric down represented XX% for were customers XX% offset remains a from segments and of the bringing as year-over-year in consumer and well our and and revenue. total portions as industrial us Second their elevated industrial focus increased ASP prior key on in
across which in grew the due volumes XX% mix. and reductions and and offset quarter our ramp customers, content revenue key increase to the partially at prior by year approximately and architecture higher features were Second semiconductor continue sequentially vehicle from period the to designs as X% ASP
we -- electrified engine across a connected our autonomous range As meaningful as Tom automotive combustion support noted, year-over-year industrial we internal growth both XXXX expect diverse customers automotive applications, revenue of for vehicles. and in
represented market, the moving infrastructure which end and our revenue. on X% communications approximately to total Finally, data of quarter's center
of approximately Second quarter year-over-year XX% revenue result declining a increased XX% as sequentially and and declined volumes.
offset was mix an partially this However, ASPs and in quarter. the improvement by during
continue CID in As we areas opportunities diversifying in new will our Tom connectivity footprint. noted, manufacturing on and power the to while focus of
to Moving profit. next gross
of into second midpoint we with delivered of in million gross was includes above execution For million, revenue the quarter, our profit which translates volume $XX adjustments. margin range the XX.X% midpoint had $XXX the we associated of the margin. approximately guided and exceeded gross Gross at indicated customer
levels expect Looking XXXX ahead our to the the albeit adjustments, in This levels we first additional half inventory third has correct. begin quarter and of than customer saw in as third reflected volume XXXX, lower at to been we quarter of our customers' demand guidance.
On expenses also SG&A approximately $XXX the R&D total represented second revenue. quarter declined to and operating declined profit, quarter $XX the for of operating million. for expenses sequentially and operating million to XX%
of quarter, period. credit year guided at our the declined sequentially advanced expenses Gap]
for $XXX quarter below end [Audio prior million into operating million an and high in XXX basis operating the the investment Total manufacturing points tax to incorporated and margin which the XX% $XX of approximately translates range
net was income million million, of other expense $XX and the incurred $XX interest and expense we income income Second tax and in quarter quarter.
of quarter a second income of $XX ago decrease reported the million, approximately We million from year net period. $XXX
range. As we above earnings guidance the reported second $X.XX share high result, our of of for a end quarter, was which per diluted the
operations of Cash flows, the proceeds for was purchases on related Let tangible the of quarter less equipment property, $XXX X% and grants or flow operating cash we the the CapEx me million. $XXX million sheet capital to was for as the million. cash for statement provided as and revenue. quarter, flow balance quarter from define by some Adjusted metrics. now roughly flow provide cash plant, cash key from was set second of activities, out assets, which net plus government $XXX expenditure,
cash, the our cash marketable the second of approximately and quarter, securities, of $X.XXX At billion. stood end combined at equivalents total
a revolving have also We remains facility, which billion $X undrawn. credit
of for Next, XXXX. third let the our provide outlook with quarter you me
We total between be and approximately expect we Of this, non-wafer expect revenue. of billion. to revenue $X.X total be revenue billion to $X.XX XX% GF
We and to between profit be million. expect million $XXX $XXX gross
related including OpEx advanced investment the but benefit to to compensation total the million for $XXX we $XXX million. manufacturing third tax share-based be credit expect quarter, between the and Excluding
to We million be profit $XXX between expect operating and million. $XXX
we related be of of compensation the share-based guidance, is is $XX related At $XX to approximately cost which, our to expect goods million, midpoint million million and sold OpEx. to approximately roughly of $XX
be income $X We expense between income $X million $XX the expect other expense for million net positive quarter interest to and income tax be to and million. between $XX and and and
on $XXX core earnings inventory continue to and utilization count commentary will the our our net some to call, Consistent income million last mid-XXs with million earnings share reflects XXXX. the end half quarter quarter expect of $X.XX shares, during be between ongoing of guidance emerge a We XXX share third expectation start diluted expect approximately direction that in million. the fully the third as and $XXX for be On low to between the to per $X.XX. from first our our of markets we
full million. the on generation to opportunity in XXXX. of our adjusted And approximately Tom as XXXX, provide free expect approximately year CapEx than guidance delivering greater $XXX cash we Xx an XXXX, commented, flow us focus For to GF we maintain
the our enabled differentiated a challenging the continued XX,XXX and in from across earnings growth guidance let's that, product we efforts in provided for With employees offerings world the first open our while the ranges In expand cyclical midpoint segments Operator? above Q&A. call quarter dedication second summary, to achieve of their key our us update. the to quarter backdrop navigating results
