Revenue Growth
First-quarter revenue was $4.1 billion, an increase of 2% sequentially and 11% year over year.
Industrial Market Recovery
The industrial market increased upper single digits after seven consecutive quarters of sequential decline.
Automotive Market Growth
The automotive market increased low single digits and showed a shallow correction pattern.
Operating Profit Increase
Operating profit was $1.3 billion in the quarter, up 3% from the year-ago quarter.
Strong Free Cash Flow
Free cash flow on a trailing twelve-month basis was $1.7 billion.
Geopolitically Dependable Capacity
The company emphasized its flexibility and preparedness to navigate evolving supply chain dynamics.