detail then on market. specific Jordan. quarter numbers. much, second outlook and turn some Joel over I'd Thank to And it on more results for XXXX Hatlen the you to on our like comment overall I'll very
adjusted bookings. EBITDA a million a a million, our of compensation of about about share, This excluding $XXX,XXX or $X.XX revenues review in QX, were of For $X.X with $XXX,XXX. high-level income created our $X.X equity net
Automotive orders approximately our XX% bookings represented of year-to-date.
designed, is on efficiencies spending and We continued also and as note we're that XXXX. on focused of variable down, the as profitability balance through discretionary improvements
During Vice our Marketing sales Development, bringing marketing of of and and strengthened as United as to channel Products. team Michael Northeast addition on we quarter, Tidwell President well partner the Business with new also States a in the our Assembly as the
our to gain a continued platform our and system the as the during expanded globally, products. secure elements. overall Semiconductors, SentriX lines brought is Edge of unique Europe support their Our our is fourth product support online core we fifth ground second This quarter, security for in system this NXP and NXP
Looking were at from bookings last our down revenue and year. QX,
has include the cyclicality, global XXXX. supply environment chain which uncertainty CapEx As we've semiconductor since programming in about like, seen trade for last a XXXX, global flowing and year. have down CapEx and worst began reports capital been I that tariffs, deployment. global declines, of none are cycle Current market for is headwinds from sales automotive indicated, equipment the war This the threats, good
QX. first lower revenue Margin between and of quarter on vary compared our in sheet earnings expenses, of and and led In very products, balance expense recover conditions, XXXX. the the year. early the will technology a this sector the last future and strong controls spite improved manage invest second to also when pleased of Forecast maintain in effectively and profits, we're half to as deliver strength macro year to
customers. large served previously in new by During I/O’s QX, winning support, stability we customers deals new over with a financial Data service, fundamental won continued to competitor. two be these
NXP, fourth QX. EMEA, IoT and to element to the around all EdgeLock products. on device announced from NXP This enabling SentriX provision of SEXXX was Our electronics OEMs manufacturers And with sizes brought personalize we in Semiconductors. and third secure the marks IoT centered online yesterday, support securely all we're fifth system working overall, for
believe I capital in expansion semiconductor This during times earlier, a market. upward secular for mentioned XX a I recession the we're professional equipment seventh in As my recession. lifetime or is eighth overall the
companies these for While are advantage next recessions position take up competitive improve and recovery themselves recessions and of improve to never pleasant, good their prepare to the cycle.
that all reductions Some are think required. may spending simple that's
reflect of have view the our that's we While adjusted spending beginning. just business, updated the to
a for structured recessions years X plan we We as have did ago.
these focus when cycle products the R&D customers as maintain new First, turns. that the will you are buy on products
Second, you focus perhaps operational on excellence times. even than normal during more
performance and hone products, and your better improve up you finances, cycle. for your an systems You in people, processes,
Third, on fourth, team you you and it your And the focus to continue focus when turns. acquisition customer the with on selling special build people new make best economy the everywhere broaden to stronger. with base a
believe does. very we'll positioned. be industry when cycle We will the as well it back always does, it And
long-term. content the We over expect memory per growth of long-term gigabit growth as car in semiconductor strong per well in overall car flash as content
We as bus see in growth as Express and memory. UFS PCI to continued and systems, a well transition flash infotainment solutions
investment types in in all channels. to total security a available of continue growing semiconductors market devices We security and strong in see for all
We're platform security important in the Expo topic very Technologies and excited June in at of and be continues in discussion SentriX highly California. industry José, provisioning The an overall Embedded to San and to active Conference conferences. participate
two world for our with on talk the Gulati, automotive with a manufacturing and where speaking presence Chief manage hardware-based the One programming for security strong secure, on secure the Technology connected technologies strategy. a and addressed Officer, occasions during separate event. car Rajeev for was securing had he We flexible X-day
them that driving outside subsystems units world autonomous networks. new together control expose and connected various to in vehicles over and various the connect architectural are designs for Advancements
solution. the security to flexible elements These production for the methods integrated ECUs requirement, to to as advancements security inject car of subsystems, well actors access hardware-based connected the risk cryptographic gaining need foundational end-to-end the securing threat for establishing early increase in approach for an as and in
was by environment. production high-mix, and security in Rajeev presentation other end-to-end a on for an high-volume deploying microcontrollers designing The solution
automotive view our devices, we brought security what evolution natural and of or of Things about just for be Whether electronics, are Internet else talked where the are as factory anywhere microcontrollers used. data market this high-speed programming about He floors, together. smart provisioning
The we believe one and why It's the and our continue SentriX invest in we now lead market. have further we're cycles are our this reason simultaneously early even an we powerful platform. the technologies to substantial in develop programming implications down like with to handling and during
at cash even the current our as as Our of up worth million quarter about part from about of bought of at $XX.X at stock QX, strong end $XXX,XXX remains end, million position $XX.X repurchase program. we
turn Hatlen, and Officer Joel Officer Chief on our Chief more to the details like Joel? to I'd over to that, Operating Financial With provide it quarter.
