everyone. Today, Thank the you, summary our assumptions. of provide planning Good year QX, cover and financial QX Greg. outlook full I'll morning,
Now to QX.
was guidance our our of $X.XX. guidance margins non-GAAP up were the above of flat above guidance XX.X%, gross operating of million, was efficiencies. the end Non-GAAP product which XX%. our our quarter quarter. approximately Non-GAAP fourth above operational and $XXX Non-GAAP improved and to high were was both volumes $XX to high First compared million, favorable sales profit which of mix, due end with million EPS slightly $X.XX, operating were year-over-year higher $XXX expenses
DRAM capacity are other HBM in our testers part by to revenue contributing our breakdown was and quarter Test is the DRAM customers, of in to QX. million $XXX seeing from due demand million. return in HBM AI-driven to strong. revenue In customers Turning capital being for and remains revenue and $XXX DRAM, flash as for for prioritized test. the sales adds spending away SOC strongest Semi million, were memory, with memory, our Test and $XXX we transition
we've revenue was more split with end and on And DRAM HDD QX even markets balanced. begin $XX wireless System remain rates end In beginning In we SLT flash SLT test the group, between has as Recall, in HDD million, seen high low $XX storage Historically, million demand. to exposure smartphone and market. be Test In of WiFi market Wireless to Test, mobile and weakness ramp improve test see utilization was in million markets capacity markets. $XX now X. and expect QX, continued low. tester recover, QX, PC to gaming in the revenue reflecting to are to due
we and million pay At as $XX $XX dividends. marketable $XXX flow in Revenue $XX MiR, an shares $XX Shifting of and We the metrics. was the cash consume of with repurchased outflow company first to robotics. in million contributing and was million $XX million. securities. our UR quarter compensation. $XX the quarter ended cash and quarter. a typically variable the planned Now cash We We employee in in million to level, some free cash million with as quarter taxes million in paid
of XX.X% in Some XX% the had we items our the tax excluding a GAAP loss and variance to In in information The the other fourth basis. than incurred and expected was non-GAAP value exchange the the non-GAAP quarter. quarter discrete We related GAAP QX. investment earnings drove on the between for currency QX, XX% quarter. in customer a on This financial larger on a basis hedge an one FX rate, typical in fair Technoprobe.
current supply is Turning continue Test, line. decline Semi In in operational environment. times as versus supply to demand to more lead our
X at quarters. to to lead continue hold Our X times
However, we to have in times. able been service inside these demand some cases, lead
our continues are times, result, shorter visibility Robotics XXXX conditions. remains a second deliver buying to to business patterns our moving the and environment. pre-pandemic lower with thus execution half consistent turns customers yielding historical market back with these lead quick towards As a
our EPS in non-GAAP and between be of are XXX QX for Now to diluted turning sales $XXX $XXX with a to expected million $X.XX and to shares. outlook range QX. million million $X.XX
acquired intangibles on the $X.XX the which of in amortization The is second the and anticipated GAAP quarter of DIS, guidance forecast. excludes our expected sale gain
Some Semi color revenue driven and to networking is The our increase ADAS, where January around versus business Test the our compute QX demand forecasted HBM strengthened. has view. increase by
noted, quarter have orders third AI for As the strength into outlook. moved continued our quarter, into this quarter has shipment improving initially near-term scheduled and the second some in second the
gross to margins is run quarter quarter from quarter to at to XX% operating estimated Non-GAAP sales, expected OpEx are XX%. Second second at is rate midpoint second of QX. XX% at XX%. the our up of profit modestly guidance XX%
assist I'll market estimates the more to about Greg the provided. year. with rest the few a you details points of in A few modeling start
the and our puts $X.X down me to approximately industrial MCU, under of view total, $X.X midpoint our some takes. SOC. $XXX for up billion questions, anticipation In by billion; the a are while million is of mobile, $X.X TAM billion; billion; estimates the Compute, there mobile, and over summing million, let is of up billion; little service, in auto While $X.X are Industrial, aggregate. segment. billion, auto $X.X cover, in and $X.X provide $XXX SOC Compute unchanged
You'll notice Industrial has change the decline allocated aggregate segment. to the been
our is January with the million has memory Compute up increased Our note, the $X our for $XXX SOC XXXX million estimate view. estimate TAM segment midpoint of Please the in billion, $XXX final from $X.XX billion.
Back to revenue.
be Note our sequential that similar any assume improve and revenue to in there. DIS. growth sales to not from from QX to expect We QX QX QX flattish does
expect Excluding sequentially revenue divestiture, the in impact grow we QX. would of the to anticipated
the in for Our our and of is company weighted the revenue half expect view expectation in the XX% second currently year for be in We first to distribution than revenue full back less around half. now half XX% January. the
full the to expect single-digit year low We to range compared revenue grow XXXX. in
fourth our Now target be and to to margins quarter. to margins gross unchanged for Full expected at XX% will our as margins. through from improve continue the gross range Gross we January model are year outlook. to the likely be margin the should progress in XX% year gross
for Regarding year. the full OpEx
XXXX guide go-to-market year expect make X% to engineering to X%, We we grow and prior full with continue OpEx as consistent to investments.
tax Our in GAAP to to items, XXXX. are and rate, be discrete forecasted XX% XX.X%, non-GAAP excluding respectively,
quick A on with partnership strategic update our Technoprobe. previously announced
has agreement the reminder, a key several As components.
First, which that our for Technoprobe business, provides connect will DIS to testers chips test. advanced Teradyne's purchase interfaces customers'
in an Second, investment the equity Technoprobe, Teradyne will company. make XX% acquiring of
and systems. together performance work Technoprobe a of on performance enable interfaces to customers expand of Teradyne of realize the will semiconductor to test our series projects to device Third, full the
expect close the in second to transactions to continue We the quarter.
cash. our million. is DIS approximately the expected was contribution for cash $XXX consume of will estimated net revenue transaction Post to $XX an closing, position as the decline first quarter million
necessary buybacks compensation build cash in minimum million. dilutions goal limit will back a $XXX our of share to amount to our We to to and offset purchase employee an in program XXXX equity to from order continue share
above legacy remain we auto up, range markets memory our driven and sales by AI. and plan our soft. Test, exceeded high mainly industrial delivered as guidance Summing of and earnings end Semi in mobile, The networking the
strategies. the delivered turns quarter Test. to continue quarter, in go-to-market limited, robotics level we third as of Overall, plan business the execute our given development product second team to increased Our the new is visibility for Semi beyond consecutive and
XXXX. outlook Our fundamentals our the second optimism quarter for the first our and improvement intact, Midterm in confidence yielding continued performance quarter beyond remain year. elevates
to With turn Traci. back call I'll the Traci? that,
