Revenue Growth
Revenue increased 7% sequentially and 12% year-over-year, driven by strong demand across the general computing market, including AI-related server applications, data center, and agent computing.
Channel Inventory Reduction
Channel inventory decreased over 25% from peak levels, indicating a healthy inventory level.
Automotive and Industrial Markets
Revenue increased both sequentially and year-over-year in the automotive and industrial markets, with new programs scheduled to launch early next year.
Strong Cash Flow
Free cash flow was $62.8 million, with a net cash flow of $59.3 million. Free cash flow per share was $1.35 for the quarter.
New Product Initiatives
Approximately 180 new part numbers were released, with 60 for automotive applications, indicating a strong pipeline for future growth.