Revenue Growth
First quarter revenue increased by 10% year-over-year to $332.1 million, indicating growth across target markets.
Automotive and Industrial Market Performance
Automotive and industrial markets accounted for 42% of first-quarter product revenue, showing expanding content and design opportunities.
Stock Repurchase Program
Announcement of a $100 million stock repurchase program, indicating confidence in future growth prospects.
AI and Data Center Market Opportunities
Continued design momentum in AI server and data center applications with several product wins, indicating a strong position in this growing market.
Channel Inventory Improvement
Decrease in channel inventory dollars and days, aligning more closely with real demand and historical POS levels.