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Third across X% FPD. were IC quarter-over-quarter. market quarter sales as High-end memory not improved from enough revenue X% decreased and lower down offset in $XXX lower million revenue sequentially, softness with demand to foundries was Asia. logic of both IC was
including advantage Compared take factor be a smaller third us cost improved and XX nanometers, the XX high-end XXXX, High-end performance of to with for U.S. we strong sales. of nodes, growth benefits. quarter on see to customers and to continues migrating the design as
At the business is specialty to in XX%, our IC segment Year-to-date, high-end demonstrating business. up our growing revenue continues leading success this edge, EUV grow. of our
the going demand growth Mainstream of in This mainstream that the as belief sequential validates further achieved improved, downturn, anticipate year the forward. and once QX was U.S. additional particularly bottom this our we again growth of
display that largely improved well. growth demand factors with FPD high-end displays. mobile On same remain revenue to dynamics sequentially are due a Overall, impacting semiconductor as AMOLED positive the demand. somewhat resumed industry was lower for note, soft
our we uncertainty and growth to anticipate customer technology, strong scale, above-market abates, As relationships. share due market achieving leading
increases level firm. revenue expect, given up Overall, previous our softer margin well and as XX.X%, years hold was gross implemented ASP we down leverage. as in price held slightly our Blended of operating would the
during market our meaningful normalized. Delivery no lead of agreements to longer protection downside material last softness, us times were provide were pricing. as purchase continue to long-term against risk year, Our and maintain times premiums, which results market helping share have
XX.X%. points slightly maintained Despite were softer margins we of margins basis revenues operating operating expenses nearly XX%. strong year-to-date with months with margins the have X to first XXX Operating through compressing lower the of XXXX, quarter-over-quarter around
ahead million Year-to-date income Below year. excluding operating per in impact million generated or non-GAAP $X.XX and we the is $XX.X quarter We last $XX.X $XX line cash million the operating $XX.X the the in FX and CapEx of quarter. as share, and flow, gain, of last same of CapEx was achieved net million.
We year the year. we $XX not expect full CapEx occur some $XXX payments as until be million than of lower will million, to estimated next previously CapEx
and anticipated support capital. we capability multi-node primarily will are IC aging to increasing on CapEx Our all and while invested capacity tools, growth replacing continue our return demand in ensuring
to are well see the investing we long-term positioned continue XXXX, driving we to in capitalize mega on in demand. to ahead to Looking opportunities IT, that positive are growth, trends primarily ensure photomask
during provide will CapEx We XXXX guidance specific QX in December. call earnings our
sheet U.S., $XX.X quarter, increasing cash and was during of short-term balance to further We equipment equivalents strengthened leases the to reduced $XXX.X investments in for cash, primarily the amount million. debt, the million. our Total
With to our good repurchase generate add demonstrated restart $XXX program strong program balance of to will and increasing activity our use plan ability under shareholders. sheet this million are value cash, the to share our of to we and soon. and is a cash believe the size We
predict, for Before with providing to inherently products is to you remind guidance, difficult X X and demand of that typical weeks. limited backlog I'll visibility and uneven
are have and our a earnings. ASPs quarterly addition, relatively significant mask can high, number revenue sets orders advanced meaning impact a for high-end on In low of
With to $XXX in million $XXX range those million. expect quarter be revenue fourth the qualifications, of we to
seeing While we lingering beginning quarter, uncertainty us the the cautious. order are good is at of fourth rates keeping macro
diluted the profitability. and share current $X.XX to estimate Based our for per per control on between non-GAAP and maximize range earnings operating the XX% to in we costs as we those model, continue keep equates revenue fourth of This share. operating expectations to an be to margin and quarter under XX% $X.XX
sequentially in remains the a on was as even cost. adjusted control achieved higher delivered by EPS We quarter tight third This keeping soft. demand
and cash flow, invest continue us our to We keeping enabling strong also strong to balance growth. in sheet generate
demand As improve, revenue expand our a position we on grow margins. are and to great in markets
your to the turn now the call operator for questions. I'll over
