that 'XX, momentum components positive QX had new quarter-over-quarter good we everyone. backlog, in short expanded testing year-over-year FY strong introductions to Coming term. to over even are remain and our and mentioned last & 'XX business, fab very preproduction. Bob, growth business. in the going 'XX XX% Starting grew and beta from morning, our into Based product future, RF FY report GES to optimistic base in you, strong growth programs were our results. our GES also though GES development and in pleased challenging. business both numerous our Thank results on the Microwave 'XX, we manufacturing QX long equipment segment a $X.X our this FY with wafer QX about call We and FY our and out transitioning of We customer million.
development see customers. on mix, been detail, more come in based starter 'XX fruition. and strong had growth good numerous even and our of FY battery it's Looking FY for 'XX, results modules from new electric since in them to such We products to quarter sales diesel modules. bit first these products Many our a our in our these new benefited was product and have and locomotives, at locomotive and sales little EV down margin programs, as
growth in strong customers we pitch we added In growing our modules as of products. a addition, for numerous our had new energy portfolio
last operators, dozens America. North FY serve And such in partnership of the and we Senvion, GE XX,XXX owner as GE wind QX over into sold now [Green date, Energy, such expanding and turbine call, including platforms with NextEra. the units Nordex turbine four operators I owners top [SSB]. have We Suzlon, on and of RWE, Drive] with mentioned exclusive To wind we're Europe other 'XX, as as in Enel and turbines
in early fluctuate quarter-to-quarter. strategy stages. as expect Our products and is still from mature, new growth GES bookings And we its to sales see our
we GES as customers, are partners. However, getting technology progress new I'm products scale making, and we pleased with the add continuously to
beyond. manufacturing numerous capabilities and will expect help We contribute business growth designed FY products, customers. customer and beta to predictable 'XX gets several have quarterly more design we as to booking throughout growing launching and continues revenue team excel establishing create testing. to The time, continue to GES streams base amount progress trend a and and In this of scale. requirements, customer and global developed of large our The received short site industry-leading identifying in a patents
GES core Our share we a have 'XX customers suggesting timing in shipments repeatedly powered slowdown applications, primarily market the that in the maintained FY for management our was issue. us tell
on we projects and our customer fact, In capitalize turbine wind significant as opportunities energy to pipeline transformation globally, continues repowering. including increase
Turning RF were the to Group million, our & compared which & the year. PMG. or Microwave semiconductor business Group, and tube Technologies to X.X% $XX.X Power EDG, includes legacy Microwave Device fab Electron wafer PMT the equipment or Sales and down prior
our Microwave was well due components decline to in RF was margin our fab as equipment this offset mainly growth as semiconductor However, down PMT product in business business. mix. & by QX wafer
and remained PMT backlog strong at $XX combined GES over Our million.
we to from the ship Given did as orders fiscal past we continue will our inventory position, many incoming year. in stock
with us inventory was to growth partners. managing FY slightly key on are of due to the help customers' business allows selectively introduction is customers' device purchase share their QX availability. and our A capture to they expedite long-term or electron use up and new mainly ready. and support demand focused expanding and our We product our collaborate technology tubes market our of us needs. when global inventory and large We Having component process our to remain meet a strategically hand ensure Inventory suppliers forecast on strategy invest sport in 'XX, needs to process. customers in our MPI we
strategy. We technology gaps our continue who our adding support new and growth offering in partners fill
value improve identify design customers more new us These customer to purchases when payment increases help and them products of that base. cash Through on long-term capture supply. supplier these manufacture schedules to allows we'll provide maintain relationships partnerships, opportunities diversifying we while to to are and levels flow. for privileges proper our negotiate extremely and work strong. This shipping adjustment expanding revenue in-house. we And often and appropriate, strategic the we terms, stock We with special
we new component introduction product new and their of product are programs. In development key addition, a
to continue growth. invest infrastructure our also to We support in
design on field bringing our manufacturing engineers and are investments making We capabilities. enhance to talented and design and
in are and products growing in-house demand Our and doing design supporting job new engineering a the designs. great current our teams increased product
green for and identify and engineering develop technologies identify, this customers team microwave to energy, we and RF management team, opportunities. new power products continues applications. introduce & Our new to continue With will field and
into we QX remain FY Going opportunities share XX%. our excited 'XX, in We about lose not GES FY FY 'XX exceeded 'XX. within businesses. 'XX the FY market QX did and by PMT QX bookings
In support are continuing growth partners market, 'XX. business fact, with the key and semi outlook fab positive the unique our And in business customers FY drive are technology forecasting our model in to our global forward.
a result, business. have our of be many our strategies optimistic to As growth reasons about future we the and
I Richardson enough suppliers. of unique Electronics value to cannot customers model our stress the and
energy Our go-to-market strategy the and RF green unique and to global markets. & unparalleled capability power are microwave management,
to solutions and have engineered strategy and strong our creative competition. differentiates to and capabilities align industry legacy to arise. products is continue from it they This been combining and and model as is by With customers, on execution I'll and discuss Through Healthcare. Electronics focus products provide than Richardson model business our We that to ever. capitalizing more growth partners unique never need technology that, our Diddell stronger, on steadfast capabilities. clear, it us The our opportunities global over turn technology we built has with partners customers with Richardson and and strategy our to a support of customers the excel our new Wendy
