of year-over-year revenue the was as QX were $XXX X%. margin our X our revenue we product since at Mobile of profit for of quarter gross midpoint maps. in XXXX road at to strategic modest million sequential We XX.X%, earnings in multiple X% $X.XX, 'XX our sequentially million, marked digestion, of Skyworks product total growth bottom. Operating markets.
Gross share decreased of and line Despite internal was technology slightly generated with operating ongoing and outlook. increased QX million, income, fiscal $X We across consecutive and markets the of Liam. billion, below of fiscal fourth our our reductions. up growth sequentially muted 'XX further million investments first successfully Broad other was tax slightly above environment $X.XXX expenses per was quarter reflecting quarters fiscal rate expectations. returned during QX, XX% $XXX inventory slightly the margin income Also, selective income of an of the inventory of $XXX launches. consecutive translating Thanks, end supported resulting $X.XX million diluted million net operating $XXX and and XX.X%, effective with guidance. was $XXX and revenue we delivered XX%. our in a into demand above driving
a operating margin. robust a $XXX For XX% million quarter XXXX, free flow the flow of cash cash flow we with generation, representing expenditures $XXX capital demonstrated cash fiscal free cash million million of first of of and $XX
we million QX, dividends. During $XXX fiscal distributed in
approximately investment cash maintain while Our level and of flexibility. with balance billion, $X.XX debt financial $X billion, increased ample a to us we providing
to XXXX. million anticipate $XXX million. Now of let's revenue of QX move $XXX fiscal on to We our outlook for
In We expect our mid- improvement sequentially, mobile additional markets, a historical anticipate growth business to seasonality. decline high teens sequential to in broad year-over-year growth. with line and we in further
and positive seeing across markets. are booking sell-through broad trends, We momentum patterns in backlog
robust of range cash and operating and acute of XX%, industrial social well an invest rate million However, projected to income, million, effective technology count is calendar in increase of infrastructure.
Gross R&D at road remain $XXX product mostly We charges the which adjusted XX.X% midpoint we in in per we is deliver volume. generation is the the Below and million, of in for $XXX intend diluted range driven sequential to XX% the reset a expenses inventory year as Accordingly, at anticipate an lower utilizing revenue to $XXX the and the million expenses. of beginning other earnings maps. in line, of margin as headwinds seasonally to sales share The by increase anticipate of million between XXX.X flow $X XX.X% diluted the a project shares. share tax approximately of $X.XX. our
our Finally, as part program $X new our has allocation a approved billion capital stock Directors strategy. of repurchase disciplined Board of
our our largest briefly Q&A, moving on reflect to I partnership into our strategic Before customer. with business and address want
in the leader we years, to technology innovative years, last have Over pushed markets truly from in who business. mixed have high-performance with XX us we And benefited largest RF signal mobile those RF partnership for highly and our constantly and strong XX a expanded and collaborative RF with develop solutions built has customer, solutions. capabilities integrated over growing a our company connectivity a broad analog the expertise past
customer launch revenue the significant which content has over in have growth We partnered and resulted their since with years. the that of phone, first
couple last intensified. years challenging has of competitive landscape the been However, have the as
result offering, RF that relates upcoming rich to team the solutions. Skyworks we it be the high-performance developed to the a of expected we targeted. XXXX, not our As get of in did launched cycle product the fall phone suite Despite
Although is fiscal able to 'XX. to 'XX multiple and impacting including revenue our we several XX% expected will decline quarter were fourth the be position start to sockets highly modules, integrated This in secure throughout of down content RF fiscal XX%. our
outcome, road to we our steadfast innovate invest technology maps. While this around in are and with disappointed remain commitment we our
generation We addressing form a for the suite opportunities products and have than more of ever solutions of expanding new an started before. the development already with set of next
market customers, continue demand we to segments with trends those focusing secular selective will a although supported broad addition, growth multiple on opportunities growth RF. markets. other And of to will strategy, on drive in we by the mobile In continue high-performance that our diversification basis, our pursue
offset revenue and position large fiscal us fiscal those in 'XX. to for opportunities expect partially in We at a the decline 'XX growth customer
it to hand for let's some Now Liam remarks. back final
