Strong Revenue Growth
Second quarter revenue of $2.64 billion, up 9% sequentially and 22% year-over-year, exceeding expectations.
Industrial Market Recovery
Industrial represented 44% of revenue, with 8% sequential growth and 17% year-over-year growth, showing recovery across all subsectors and regions.
Automotive Segment Performance
Automotive represented 32% of quarterly revenue, with a record result of 16% sequential growth and 24% year-over-year growth, driven by strong demand in China.
Communications and Consumer Growth
Communications and consumer segments showed strong growth, with 32% and 30% year-over-year increases respectively.
Gross Margin Improvement
Gross margin was 69.4%, up 60 basis points sequentially, driven by higher utilization.
Positive Outlook and Book-to-Bill Ratios
Positive book-to-bill ratios across all sectors and geographies, indicating strong demand and recovery.