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a non-GAAP was As result, quarter fourth $X.XX. EPS
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Turning now guidance. our to
QX outlook with second and seeing the leading-edge improve high quarter first expect in demand investment revenues year in driven revenues our semiconductor, incremental slower are conditions spending. logic edge market in the trailing single reflects by In some improving we market down progresses. weakness, on suggesting further early While signs half be will digits to as we memory
first revenues the and very sequentially Industrial and quarter in Medical near decline in are expect customers mid-teens distributors to term. cautious We the as
later growth sequential the drive to opportunities for year. revenues and in conditions improved expect we However,
[indiscernible] We revenues sequentially. down data expect mid-XX% to be
As first and digestion in programs second the large react of the half. enterprise market half impact in we of XXXX in weakness ongoing the revenues
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expect approximately As of these to a $XX million, minus or result million. we first $XXX be quarter plus revenue dynamics,
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a be $X.XX, or minus non-GAAP to share QX we expect earnings $X.XX. As plus per result,
and be to $XXX our Looking to we revenues quarter. forward, half higher QX half exit per return than over rate second million first to expect
year million actions expect taking we products, improve are optimization XXX manufacturing factory gross gross us our than than margins better and to greater to of our basis to believe quarter, levels than the points of previous this XXX achieve mix our at footprint, to accelerate of range we guidance. revenue QX higher the model. We in increase mid-$XXX Based XX% exit sole-sourced margin on our our efficiency goal puts per on track
cyclical downturns, XXXX several key Before revenues diversification of I all proof open in it takeaways. going our markets X to product point we of markets lines. some X Despite reported our summarize strategy. record I provide our other through in up want for questions,
market Our has are yielding long-term products the channel and and strong market. investments tangible our growth from focus design in results, new wins in [indiscernible] medical to driven revenue strategy the
growth. have with margin to we to increase our not meantime, in On earnings we challenging gross controlling In cash costs are results in satisfied successful While plan margins environment, side, our the financial this gross a the clear and delivering operating record drive flow. we were
create acquisitions Finally, our gives options strong to maintaining flexibility to multiple sheet pursue balance shareholder us strategic value. while
second the demand forward, of expect strengthen to in Looking further XXXX. we half into this increase year and
increase us anticipate our as than to of historical in improving reach goal markets are and levels. XX% deliver over gross We operational to recover revenue margin peak our higher margins and earnings our to positioning on prior efficiency gross XXXX.
your take questions. we'll that, With Operator?
