Sequential Sales Growth
6% sequential sales growth, with net sales up in Americas and Asia and flat in Europe. MCU business grew 9.7% sequentially, and the analog business increased 1.7% sequentially.
Data Center Segment Rebound
Strong sales growth in Gen 4 and Gen 5 data center products. Announcement of industry's first 3-nanometer-based PCIe Gen 6 switch for AI infrastructure.
Gross Margin Improvement
Non-GAAP gross margin up 236 basis points sequentially, with an incremental non-GAAP gross margin of 95% sequentially.
Inventory Reduction
Inventory reduced by $73.8 million sequentially, with a calendar year-to-date reduction of $261 million.
Operational Discipline
Non-GAAP operating profit projected to increase by over $13 million sequentially despite a challenging December quarter.
Long-term Strategic Focus
Strategic shift towards advanced nodes and high-performance products, including a new AI business unit and enhancements in FPGA products.