Revenue Performance
Q3 revenues at $3.19 billion, $17 million above the midpoint of business outlook, with Personal Electronics performing better than expected.
Automotive Growth
Automotive revenues grew about 10% sequentially, with a book-to-bill ratio above 1. Expected mid-single digit growth in Q4.
Industrial Revenue Growth
Industrial revenues increased 8% sequentially and 13% year-over-year, marking a return to year-on-year growth for the first time since Q3 2023.
Free Cash Flow
Generated a positive $130 million free cash flow in Q3.
NXP MEMS Acquisition
Entered into a definitive agreement to acquire NXP's MEMS sensor business for up to $950 million in cash.